One of my friends had a great insight: "I think one aspect of Alibaba& #39;s success that has been overlooked is that Jack Ma spread the equity generously amongst the leadership team. It& #39;s probably the only internet company that& #39;s produced 20-30 billionaires instead of just 2 or 3."

"AMZN which is worth twice the market cap of BABA has only produced two billionaires: Bezos and his ex-wife. If you have 20-30 billionaires that form a small elite and control the company, they will never need to leave and you can actually transition leadership really well."

https://www.bloomberg.com/news/articles/2020-10-28/alibaba-s-early-hr-head-to-get-5-billion-richer-on-ant-ipo">https://www.bloomberg.com/news/arti...

"I think ultimately the best founders understand it& #39;s okay to give up a lot of your equity to keep your best people forever. The Huawei founder diluted himself from 100% to 1% to build the partnership. That just goes so much against human nature."

“There is this old Chinese saying - 财聚人散 财散人聚 which roughly translates as: If you keep all the money together, the people will scatter. But if you scatter the money, the people will come together.”