Transcript

00:00 I never had a rich father. I tried to go to university 3 times but all failed. I applied to Harvard 10 times, all of them failed. They didn't want to see me. Last time I went to a professor at the university hoping they would reconsider. 3 out of 4 of my friends in my city. So I went to apply for a job 30 times but was rejected. It was very difficult back then. I was very uncomfortable. Because I also teach at the university. My pay was 10 dollars a month.

00:36 Because I couldn't find a better job, in 1994 I was thinking of doing something called the Internet, and 23 of them were against the idea. They thought it was a silly idea. '. We've never heard of the Internet and you know nothing about computers' and I never thought I was smart. Nobody believed that I would succeed. Because everyone said This guy thought differently and was crazy. Do you know what. He would think that there was no possibility.

01:02 I tried to borrow 3000 dollars from the bank. It took up to 3 months but I didn't receive it. I got 30 to 40 venture capitalists, and everyone said, "No.". Forget it. A lot of people say Alibaba is a really bad model, but I say, I believe it, and one day it will grow. If we continue to work together I never thought it would be as big as today. But I believe something is waiting for me there. And I have to work hard to prove myself. That was a hard experience.

01:40 So we collected 50 thousand dollars from 18 founders. We have started. In the first 3 years we didn't have even 1 dollar profit in our business. It's not easy. You don't have any money. You have been complained. And of course you haven't built anything yet, and that's the Internet, yes, but is that the point? Are you a millionaire right. Now? No. You want to be. Alright, yeah, I hope. But why do I keep doing it? Because I received a lot of thank you emails from customers. They say this is awesome. We cannot pay you in cash.

02:25 But it helped us a lot. “. If you continue to help us. One day you will succeed.”. And I believe that. Little by little gradually build our business. Little by little we build our economic system. And other infrastructure. And now, after 16 years, we, the Alibaba Group. We have T-Mall group, we have Taobao group, we have Alipay. And people say we're smart. How did you build these companies? Bill Gates, Warren Buffett, Jack Welch, Larry Page, Mark Zuckerberg, the difference between these people and others. They are always optimistic about the future.

03:04 They never complain. They always try to solve problems for others. When you're optimistic That's always an opportunity. People always say the same thing, "Jack, where are the opportunities?" ". I don't have a job. I don't have that. I don't have this.". The greatest treasure you have is that you are young. Don't complain, let others complain. Opportunities are always there when others complain.

03:37 Think of ways to make things different. And when you miss start doing I see a lot of people, young people, come up with amazing ideas every night, but in the morning they go to work. Same every day. If you really want to be an entrepreneur. You have to do it before others start doing it. You must wake up before the others wake up. You must have more courage than others. When I was young I traveled to the West Hanzhou Lake. There are hotels where many foreign tourists stay. And every day at 5am I go there to practice English. When foreign tourists come I practice English I didn't know why then. But I discovered everything. What foreign tourists tell me. It's so different with the media.

04:25 My parents told me what the teacher teaches and what I read from the newspaper. So I figured everything out of my head. Use your brain to think, for everyone, tomorrow is always a new day, keep moving, take action, whether investors believe it or not. Whether your friends believe it or not. Whether your parents believe it or not, it doesn't matter. You believe it. Your team believes it. And spent the day and night doing it make enough mistakes. When you fail, you stand up if you want to work for yourself. Be considerate of others because only others successful. When other people are happy. You will succeed. You will be happy. Don't worry about money. Money follows people. People should run after their dreams. When you have a dream, just go for it.