Airwallex, a $6 billion Australian payments company, has seen significant success since its inception in 2015. However, its CEO, Jack Zhang, recently admitted to making three mistakes during the company’s early days. These errors include:
1. Hiring too quickly, which led to a culture clash and required a subsequent restructuring.
2. Relying on Zhang’s personal network for fundraising and missing out on potential investors.
3. Focusing on product development at the expense of sales and marketing, causing slower customer acquisition.
These confessions offer valuable insights for other entrepreneurs and demonstrate Zhang’s commitment to continuous learning and improvement. Despite these early missteps, Airwallex has grown into a successful global business, showcasing the resilience and adaptability necessary for startup success.
The CEO of $6 billion payments company Airwallex says he made 3 mistakes in the early days of the company
Janek
– Advertisement –
