9 years ago
4
Chinese Billionaire Says: If You're Poor At 35, You Deserve It
Jack Ma: Before I founded Alibaba, I invited 24 friends to my house to discuss the business opportunity. After discussing for a full two hours, they were still confused — I have to say that I may not have put myself across in a clear manner manner then. The verdict: 23 out of the 24 people in the room told me to drop the idea, for a multitude of reasons, such as: ‘you do not know anything about the internet, and more prominently, you do not have the start-up capital for this’ etc etc.
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This is what we call Survivorship Bias. https://en.wikipedia...ki/Survivorship_bias
Yep, he got lucky, everything aligned for him perfectly, became a billionaire in the process, and now hes a cocky piecee of shit. Assuming he actually said that.
He has 24 friends?
Been reading into this for the past little bit (thx for the RL links btw). I highly doubt he said that, if anything it was taken out of context. I think the fact that most of his friends told him his company was a dumb idea and that he should drop it hurt.