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#225July 4, 20219:13

MFM Mini - Shaan's 15 Minutes with the CEO of Alibaba

About This Episode

In this episode, Shaan Puri recounts a pivotal conversation from his youth with David Wei, the former CEO of Alibaba, regarding the 'keys to failure.' The discussion highlights how excessive money, rigid plans, and over-reliance on technology can stifle a company's creativity and focus.

Episode Description

Do you like these mini episodes? Tweet your feedback to Shaan (@ShaanVP) & get more short stories like this on his newsletter www.shaanpuri.com. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

Key Takeaways

1

Adopt a 'no money' mindset for new internal projects by providing minimal budgets that demand creative engineering and 'hunting like dogs' instead of relying on capital.

2

Identify your company by the service it provides to customers rather than its technical stack to ensure you remain dedicated to outcomes over tools.

3

Prioritize your long-term mission over short-term plans, maintaining the willingness to pivot your strategy as long as the core objective remains constant.

Featuring

Hosts

SP

Sam Parr

Host

SP

Shaan Puri

Host

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Quick Stats

Duration9:13
Guests0
Ideas Discussed0
Topics0