We will buy close to $30,000,000 worth of goods from China this year with an average of 85 day payment terms blended.
These are 9 frequent mistakes I see founders make when sourcing from China 🧵
Super common European founder trait:
too cynical and critical to ever actually go after a big vision
I see it even among nine-figure founders I know
pretty wild how consistent it is
my European founder friends still call me the American one even though I’m Norwegian
It’s funny, Meta went from having my Instagram and WhatsApp data to now having access to my email, calendar, DoorDash, Amazon and pretty much everything.
In the last 24 hours, it bought me socks, ordered my Whole Foods groceries, booked a cleaning service and got me a burger for
Most frequent question to my updates:
Those ARR numbers are not the clients’ ARR.
They’re ours.
QLS revenue = orders × shipping fee + pick & pack.
On the signed book, that is:
• 12,600,000 to 13,000,000 parcels a year
• 67 signed clients
• ~190,000 parcels per signed