Fascinating business philosophy from one of the buyers of the South China Morning Post

Tsai said he has a 10-year “gestation period” for the paper–a “general philosophy” that he said he applies to every single Alibaba business. The first three years should be focused on creating a product that people like. The focus between the third and fifth year is to come up with a revenue model. Year five to seven is about walking down a path to profitability. “Beyond year seven, you try to harvest. But after year ten, you have to go back and reinvent yourself,” Tsai said. Via Quartz