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The founder of one of China’s hottest startups explains how getting too much press and customers early on nearly sunk the company

CindyMiVipKid

  • Chinese education startup VIPKid, which connects native English-speaking teachers with Chinese students, raised $500 million in April for a valuation of over $3 billion.
  • But a year after the company launched in 2014, it had a unusual crisis that nearly derailed the company, CEO and founder Cindy Mi told Business Insider.
  • During its pilot stage, a prominent blogger promoted the company, leading to thousands of angry parents trying to sign up for the service, but being unable to.
  • Mi and her team’s sharp handling of the crisis became a key turning point in the company’s success story.

Earlier this year, Chinese education startup VIPKid read more >>>

Source:: BusinessInsider.Com