A Quote by Jack Ma
I call Alibaba '1,001 mistakes.' We expanded too fast, and then in the dot-com bubble, we had to have layoffs. By 2002, we had only enough cash to survive for 18 months. We had a lot of free members using our site, and we didn't know how we'd make money. So we developed a product for China exporters to meet U.S. buyers online. This model saved us.
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It was 1999, and we were building a way for college kids to create online profiles for the purpose of sharing... with employers. Oops. I vividly remember the moment I realized my company was going to fail. My co-founder and I were at our wits' end. By 2001, the dot-com bubble had burst, and we had spent all our money.
I wanted to make money very fast, and I was completely confused after college. I didn't know what career options I had. And then I had this entry point in the film industry, and I thought, 'If this is where the fast money is going to come from, let's see how it goes.'
The only way the band could make any money was by going on tour. But going on tour meant we had to get time off from our jobs, and we couldn't get enough time off to make enough money from touring to survive, so the only way to try was to quit our jobs. None of us had a job that was so wonderful that we were just dying to keep it.
People tend to wonder when Alibaba will enter the U.S. market. But those people are asking the wrong question. Alibaba reckons that, in 2010, China and the U.S. had an equal number of online shoppers, about 140 million.
To be honest, I've always had far too much freedom. I had a job when I was 10. I started living on my own when I was 17 or 18. I've earned my own money; I've traveled the world. What would I rebel against? I've had so much freedom, sometimes it was hard. My parents wanted to protect me, but they had no idea how to. I had to learn as I went and make my own mistakes. I went from being totally unknown and never acting professionally to being in a major movie and being very famous. It all happened so quickly, I didn't have any time to work things out. It's been pretty scary at times.
I called all of the producers and although we didn't have enough money to do that, I had to actually know which shots I wanted to get because we only had at most, one or two takes and then we had to move on.
I had such a horrible childhood. My father was already married with three children when I was born and my mother didn't know. So we grew up poor. We had no hot water until I was 17. I went to work in a factory, and worked and saved for months until I had the money to come to England.
My father loved to complain about big business and big government, but we had a solid middle class upbringing. We had good public schools. We had accessible health care. We had our little, you know, one-family house that, you know, he saved up his money, didn't believe in mortgages.
My father left us when I was 10, so I had to make enough money for us to be able to live in a house because my brother went in the service during Vietnam and I was sole support of my mother. And she had no skills, really, except to clean other people's houses. So I had to have a bunch of jobs, you know, as well as music.
'Our parents' generation had it a lot tougher than we did. They had to live through the Depression, World War II, and then they had to, you know, try to pick up the pieces of their lives and bring up their children. And, it was a great example for us. I guess we grew up with a certain amount of the ethics our parents had, which is, you know: work hard, make your own way, be independent.
Not only because the product wasn't a great product, but remember it took us five or six years to ship it. Then we had to sort of fix it. That was what I might call Windows 7.
My take on the whole dot-com bubble was that a lot of people who wanted to make a lot of money got too excited and hyped up the commercial aspects of the Internet prematurely. I think the vision of the Internet as a democratizing medium - as everyone's printing press - is real. We got distracted from that by the mass hallucinations of the bubble.
I went to a technology conference in Germany, and there were these beautiful, model-like women standing there in front of the products. I asked a question, and she had no clue what the product was. She had to call someone from the back to explain it to me. To me, that's using a woman as an object. To me, that's totally wrong.
There were no clippings of Ambedkar. The only thing I had was a two-and-a-half minute film which I saw countless times. Nobody knows how he walked, how he spoke, or how he behaved. I had to conceive all those things in my mind. I had to work a lot on the make-up, too.
To survive, China had to open up to the West. It could not survive otherwise. This was after many millions have died of hunger in a country that was like North Korea is today. Once we became part of global competition, we had to agree to some rules. It's painful, but we had to. Otherwise there was no way to survive.
TNA has had a lot of great periods - Hulk Hogan even came in, but I don't think he was beneficial to TNA. They spent a lot of money on him, but made a lot of mistakes. They should have saved that money for me.
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