My First Million MFM Mini - Shaan's 15 Minutes with the CEO of Alibaba
4 snips
Jul 4, 2021 A pivotal meeting with the CEO of Alibaba reveals that creativity often trumps financial resources in business. Innovation is the key to solving problems and driving success. Valuable lessons on adaptability and maintaining customer service shine through. The discussion underscores that ideas need robust execution to truly thrive. Listeners also get exclusive deals that can enhance business efficiency, making this session not just insightful but also practical for entrepreneurs.
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Trip to Alibaba
- Shaan Puri recounts a trip to China at 21 to meet with Alibaba's CEO.
- Alibaba wasn't as well-known then as the $40B+ company it is today.
Focus on Failure
- Instead of modeling success, focus on understanding the keys to failure.
- Success is context-specific, while failure has common patterns.
Three Killers
- Three things can kill any company if they are in excess: money, plans, and technology.
- Alibaba had an internal motto: "no money, no plan, no technology."