Founders

#32 Alibaba: The House That Jack Ma Built

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Sinopsis

What I learned from reading Alibaba: The House That Jack Ma Built by Duncan Clark.  --- Crazy Jack (0:01) The internet is filling the void created by state planning (6:59) Jack has made a career out of being underestimated: “I am a very simple guy. I am not smart. I might have a smart face but I’ve got very stupid brains.” (20:35) Jack’s early life / Discipline and Curiosity (24:43) Jack Magic: “ Nobody saw the opportunity in this business. We didn’t make much money at first, but Jack persevered…I respect him tremendously for he has a a great ability to motivate people and he can invest things that seem hopeless with exciting possibility. He can make those around him get excited about life.” (40:00) Jack’s first time on the Internet (47:06) Another lucky break: Meeting Yahoo Founder Jerry Yang (55:45) Making money from shrimp (57:02) The worst deal he ever made (1:00:43) Masayoshi Son: Founder of Softbank (1:04:45) Be the last man standing (1:10:16) Ebay vs Alibaba: A case study in what not to do (1:13:32) Ya