AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Alibaba three things that lead to failure
There are three things that lead to failure./nMoney plans a technology./nHe goes, so our plan was no money, no plans, no technology./nWhat?/nAnd this is crazy because it's like a tech company worth like $40 billion./nLike, what are you talking about?/nAnd he goes, hey, he goes, all right, here we go./nMoney, money makes people stupid./nAnd when problems come up, their first instinct becomes throw money at it rather than attacking it with creativity./nSo basically way back when Google was like dominating with AdWords./nAnd so the people at Alibaba were like, we need to make our version of AdWords./nAnd he goes, you know, this is no ordinance. Like, you know, building this type of ad network is not like super simple./nHe goes, so Jack Ma cut a check for $250,000 to build this project./nAnd let's team like laugh like, you're you're missing three zeros on the back of this. Like, what are you talking about? $250k./nAnd he goes, that's how much money it took me to start Alibaba. Like, I had less than that starting the whole company./nSo if you need more than that for a feature, we're doing it wrong./nAnd he's like, they're like.