Startups: Not everyone's cup of tea-Never mind may be you like coffee;)


Hi Folks,
 
We hear everyone saying startups is not easy to survive and if somehow we do, we lack to sustain over the period. But there are examples of people who travelled the journey from the Dusty Road to Red Carpet. Fresh off the biggest IPO in history, Alibaba founder and chairman Jack Ma made it possible and supposed to be the biggest live example who is now the richest person in China.

 

Jack Ma is now worth an estimated $25 billion, which includes his 7.8% stake in Alibaba and a nearly 50% stake in payment processing service Alipay. Ma is a true rags-to-riches story. He grew up poor in communist China, failed his college entrance exam twice, and was rejected from dozens of jobs, including one at KFC, before finding success with his third internet company, Alibaba.

If we see, we will find even we would not have that much set-backs at once as he had in his earlier phase of life. Nobody was ready to hire him; in fact; even for his own business he failed to get funding.

Can we believe that he came across the below failures:

  1. Failed in Math exam(1/120 marks).
  2. Rejected 10 times from Harvard.
  3. Rejected in almost 30 jobs.
  4. Rejected by KFC(Only candidate to get rejection out of 24).
  5. Unable to convince silicon valley folks to fund his business.

But, you all know where he is right now. Yes.. His name is Jack Ma(Ma Yun), founder of Alibaba and executive chairman of Alibaba, became the richest man in China after Alibaba IPO''''d for a record $25 billion last September.

This simply shows that we never give up, we are gonna shine for sure because pain is temporary but quitting lasts forever.

Writer is CS Gaurav Kumar, Founder & Managing Partner, Compliance Calendar LLP

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