Alibaba do not go for other Internet companies: Money – – old recruiting work. A: but people – things – money. People are the first to do the brand financing, Ma is the opposite of the way; people are looking for a site to venture capital, Ma has let venture capital to find a website.
when a lot of money can not find the site crazy pursuit of venture capital investment, Ma Yun is critical of venture capital. Ma can be so arrogant because he has a first-class team and a potential brand.
Alibaba do not go for other Internet companies: Money – – old recruiting work. A: but people – things – money. People are the first to do the brand financing, Ma is the opposite of the way; people are looking for a site to venture capital, Ma has let venture capital to find a website. He is careful to do the brand, not to talk about investment; and then venture capital investment in every possible way, has refused to come home 37 investors, only to accept the Goldman Sachs’s first venture capital.
Ma Yun founded Alibaba’s original intention is to create a Chinese people’s own e-commerce site, the supply and demand of information to buy and sell after processing on the internet. February 21, 1999, Alibaba’s 18 founders started to scrape together enough to set up a $500 thousand Alibaba, when they hope the site can be set up after l0 months to attract investment. In this way, in March 10, 1999, there is no financing Alibaba team began to build a website. Since then began a 6 month closed door shipbuilding. In these 6 months, Alibaba is basically closed operation.
Alibaba in the past 6 months, the growth rate is amazing. In September 1999, Alibaba founded the first half of the year, was born. Alibaba debut is one of the world’s best B2B website, the success of its successful financing laid the foundation.
Ma Yun said: "I have always believed that, no matter what can not be utilitarian. Things can not utilitarian too strong. I do not have any utilitarian heart, I just want to prove that our generation through efforts can do a great thing. That said, do have to finally prove that you are not mad. Seven or eight years ago, we think you crazy, do not say it out, but I did it earlier than others for 3 years. Alibaba financing is to do something. When looking for venture investment, will have to risk investment risks, so you will get a greater possibility of investment."
investors are most afraid of the entrepreneur asked him for money, most want to see is that entrepreneurs do not want money, but he took the initiative to entrepreneurs money. If the entrepreneur does not really good stuff or a good product, investors will not talk to you. Talk about the situation and Ma Alibaba said only 6 minutes to get the favor of Sun Zhengyi and Sun Zhengyi is determined to let Ma investment location, is the development direction of the day and night 6 minutes behind the original Alibaba and more than 6 months of hard work.