Jack Ma is the founder of Chinese e-commerce giant Alibaba with a net worth of $22.4 billion.
While we know him now for all his major successes, Ma’s life has actually been riddled with failure.
He has failed his exit exams more than once to primary and high school.
When I am applying for college, he failed his entrance examination three times prior to acceptance to the University of Hangzhou.
He even applied to Harvard TEN TIMES!
…But he was rejected after every single attempt.
Ma’s failures didn’t stop there, after spending three years in college, he tried applying for jobs 30 times!
…and got ZERO offers
“When KFC came to China, 24 people went for the job. Twenty-three people were accepted. I was the only guy who wasn’t,” he toldBLOOMBERG.
When he applied for a job in the police force, he was the only one that got rejected out of five applicants. He was told, “No, you’re no good.”
Ma ALLEGEDLY started two business ventures, that ultimately failed. But that didn’t stop him from continuing to try.
Ma went on to create Alibaba in 1999 with a group of friends, but failed to find major funding in Silicon Valley. They said that he was running an unprofitable business model.
“FOR THE FIRST THREE YEARS, WE MADE ZERO REVENUE. I REMEMBER MANY TIMES WHEN I WAS TRYING TO PAY UP, THE RESTAURANT OWNER WOULD SAY, ‘YOUR BILL WAS PAID.’ AND THERE WOULD BE A NOTE SAYING, ‘MR. MA, I’M YOUR CUSTOMER ON THE ALIBABA PLATFORM. I MADE A LOT OF MONEY, AND I KNOW YOU DON’T, SO I PAID THE BILL.’”
In September 2014, Alibaba went public at $92.70 per share, making it the biggest US IPO in history. It currently has a market cap of roughly $190 Billion.
What’s your excuse?