WOW

Here’s How Much of a Failure Jack Ma Was Before He Started Ballin’ Out of Control

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Jack Ma is the founder of Chinese e-commerce giant Alibaba with a net worth of $22.4 billion. 

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While we know him now for all his major successes, Ma’s life has actually been riddled with failure.

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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.

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He even applied to Harvard TEN TIMES!

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…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!

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…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.

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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.”

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Ma ALLEGEDLY started two business ventures, that ultimately failed. But that didn’t stop him from continuing to try.

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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.

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“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.

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What’s your excuse?

 

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