#32 Alibaba: The House That Jack Ma Built
Founders9 Aug 2018

#32 Alibaba: The House That Jack Ma Built

What I learned from reading Alibaba: The House That Jack Ma Built by Duncan Clark. --- Crazy Jack (0:01) The internet is filling the void created by state planning (6:59) Jack has made a career out of being underestimated: “I am a very simple guy. I am not smart. I might have a smart face but I’ve got very stupid brains.” (20:35) Jack’s early life / Discipline and Curiosity (24:43) Jack Magic: “ Nobody saw the opportunity in this business. We didn’t make much money at first, but Jack persevered…I respect him tremendously for he has a a great ability to motivate people and he can invest things that seem hopeless with exciting possibility. He can make those around him get excited about life.” (40:00) Jack’s first time on the Internet (47:06) Another lucky break: Meeting Yahoo Founder Jerry Yang (55:45) Making money from shrimp (57:02) The worst deal he ever made (1:00:43) Masayoshi Son: Founder of Softbank (1:04:45) Be the last man standing (1:10:16) Ebay vs Alibaba: A case study in what not to do (1:13:32) Yahoo’s billion-dollar bet (1:23:00) Jack’s unique reaction to the financial crisis (1:27:00) Alipay’s ownership changes / One of the craziest stories I’ve read (1:33:12) If I had another life, I would keep my company private (1:46:10) ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast

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#415 How Elon Thinks

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#414 How SpaceX Works

#414 How SpaceX Works

SpaceX is one of the most dominant companies on the planet and their performance gap just keeps getting bigger. In 2025, SpaceX launched more mass to orbit than every other provider on Earth combined....

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#413 How To Run Down A Dream

#413 How To Run Down A Dream

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#412 How Roger Federer Works

#412 How Roger Federer Works

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#411 Tortured Into Greatness: The Life of Andre Agassi

#411 Tortured Into Greatness: The Life of Andre Agassi

Andre Agassi's autobiography is a brutally honest story about a tennis legend who hated the game that made him famous. Agassi traces his journey from a harsh, obsessive childhood training regimen to s...

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#410 Excellent Advice for Living

#410 Excellent Advice for Living

On his 68th birthday, Kevin Kelly began to write down for his young adult children some things he had learned about life that he wished he had known earlier. Kelly’s timeless advice covers an astonis...

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The Singular Life of Rick Rubin

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There's no one like Rick Rubin. He's a legendary music producer known for his minimalist approach and relentless pursuit of greatness. This episode is what I learned from reading ⁠Rick Rubin: In The S...

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#409 The Creative Genius of Rick Rubin

#409 The Creative Genius of Rick Rubin

"I set out to write a book about what to do to make a great work of art. Instead, it revealed itself to be a book on how to be.” —Rick Rubin. This episode is what I learned from reading The Creative A...

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