Founders
Episode 32 #32 Alibaba: The House That Jack Ma Built
Founders

Episode 32: #32 Alibaba: The House That Jack Ma Built

Founders

Episode 32

#32 Alibaba: The House That Jack Ma Built

David Senra is the host of Founders, where he studies history's greatest entrepreneurs. This is what he learned from reading Alibaba: The House That Jack Ma Built by Duncan Clark.

What I learned from reading Alibaba: The House That Jack Ma Built by Duncan Clark. 

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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)

Yahoo’s billion-dollar bet (1:23:00)

Jack’s unique reaction to the financial crisis (1:27:00)

Alipay’s ownership changes / One of the craziest stories I’ve read (1:33:12)

If I had another life, I would keep my company private (1:46:10)

I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth

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#32 Alibaba: The House That Jack Ma Built

Introduction

I first met Jack in the summer of 1999, a few months after he founded Alibaba in a small apartment in Hangzhou, some 100 miles southwest of Shanghai. On my first visit, I could count the number of cofounders by the toothbrushes jammed into mugs on a shelf in the bathroom. In addition to Jack, they're included his wife, Cathy, and 16 others. Jack and Cathy had wagered everything they owned on the company, including their home. Jack’s ambition then, as it remains today, was breathtaking. He talked to building an Internet company that would last 80 years. The typical span of a human life. A few years later, he extended Alibaba's life expectancy to 102 years so that the company would span 3 centuries from 1999.

From the very beginning, he vowed to take on and topple the giants of Silicon Valley. Within the confines of that modest apartment, this should have seemed delusional. Yet there was something about his passion for the venture that made it sound entirely credible. Jack is different from most of his Internet billionaire peers. He struggled in math as a student and wears his ignorance of technology as a badge of honor. His outsized ambitions and unconventional strategies won him the nickname Crazy Jack. In this book, we will explore his past and quirky personality to learn the method to his madness.

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