Often referred to as one of the most successful startups in Hong Kong, GoGoVan continues to expand rapidly after raising fresh funds.
But the founder of the on-demand logistics startup told the Hong Kong Economic Journal that the company should have been able to go faster, had it not been for his inadequate management experience.
Steven Lam, founder of the three-year-old firm which matches idle drivers with customers that need things moved, called himself “the biggest bottleneck of the company”.
“I have never managed so many staff before. Internal management is a big challenge to me,” he admitted.
While Lam said the firm has not made any profit so far, investors remain confident in the firm’s future, as evidenced by the success of its recent series C funding.
GoGoVan was already valued at US$300 million last year.
Lam said the company is still at the trial and error stage.
“For a startup, the most important thing is how to do it correctly after committing a mistake,” he said.
“I will only give 10 marks out of 100 if I am asked to rate the company. And I am being kind already. There are still tons of problems that need to be worked out.”
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