Chibo Tang and the unicorns share what drove them beyond the billion dollar milestone

Here are the highlights from Chibo Tang’s chat with unicorn founders Danny Yeung, Steven Lam and Annabelle Huang at the Tatler Gen.T Summit, presented in partnership with InvestHK

During the Tatler Gen.T Summit, which is taking place in Hong Kong on November 9 and 10 this year, Chibo Tang the Managing partner and Gobi Partners and Tatler Hong Kong’s June 2023 cover star, moderated the Chibo and The Unicorns: Beyond the Billion Dollar Milestone panel, which featured Danny Yeung, the co-founder and CEO of Prenetics, a leading genomics-driven health sciences company; Steven Lam, the co-founder and CEO of GoGox, a major online intra-city logistics platform in Asia; and Annabelle Huang, the managing partner of Amber Group, a digital assets company.

Here are the highlights from that panel, which was presented in partnership with InvestHK.

Above Highlights of the panel discussion at the Tatler Gen.T Summit 2023

On reaching the billion dollar milestone

“Every entrepreneurial journey is unique, but most entrepreneur aspire to build companies that will reach a unicorn status—the billion dollar milestone. It’s a long journey full of challenges to get there, and it’s a whole different one following this milestone.”

- Chibo Tang, managing partner of Gobi Partners

On ambition and making dreams come true

“My proudest moment as a company owner was when I started the company. You need a lot of courage and ambition for that. I think I’m particularly proud of that, because we started with $20,000, and five people, each of us contributing a few thousands dollars. And then since then we’ve come a long way. It made me think that everything possible.”

- Steven Lam, co-founder and CEO of GoGox

Above Steven Lam, co-founder and CEO of GoGox (Photo: Billy Chan/Tatler Hong Kong)

Above Danny Yeung, co-founder and CEO of Prenetics (Photo: Billy Chan/Tatler Hong Kong)

On the passion needed to start a business

“If you decide to start your own company, you have to do it with passion and resilience. Because it’s not a nine-to-five job—you have to think about work 24/7. So if you’re not passionate about it, you'’re not going to be able to get through the hard times. And there are going to be a lot of them.”

- Danny Yeung, co-founder and CEO of Prenetics

Above Annabelle Huang, managing partner of Amber Group (Photo: Billy Chan/Tatler Hong Kong)

On staying true to yourself

“Do what you love but also stay true to yourself. There’ll be a lot of noise from your competitors and from the media. Maybe investors will advise you to do things another way, but you need to always remember that you’re the one who’s building the business, which means that you know best. So, stay true to your path.”

- Annabelle Huang, managing partner of Amber Group

Above A summary of the panel with Tang, Huang, Lam and Yeung (Infographics: Thoth)

On repeating the same mistakes

“It’s very common for people to point out what they would have done differently. But that’s only because they are thinking about the past with a lot more information. I think, my team and myself, made the best decision based on the information we have on the table. We would repeat the same steps, what some people would call “mistakes”, and that sits perfectly fine with me.”

- Steven Lam, co-founder and CEO of GoGox

Read more articles from the Tatler Gen.T Summit 2023 here.

The Tatler Gen.T Summit is sponsored by Standard Chartered Private Bank, Mercedes-Benz Hong Kong and MTR Lab, organised in partnership with M+, Regent, Black Sheep and Cathay Pacific and supported by Brand Hong Kong, Hong Kong Tourism Board and InvestHK.

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