!["Your first investor is the customer who pays 1 RMB, not the VC who promises 1 million." ——Jack Ma（2013 Zhejiang University Lecture [YUQUE Academic Archive]）](https://www.cnpedia.com/wp-content/uploads/2025/03/Your-first-investor-is-the-customer-who-pays-1-RMB-not-the-VC-who-promises-1-million.-——Jack-Ma（2013-Zhejiang-University-Lecture-YUQUE-Academic-Archive）.jpg)
“Your first investor is the customer who pays 1 RMB, not the VC who promises 1 million.” ——Jack Ma（2013 Zhejiang University Lecture [YUQUE Academic Archive]）
"Your first investor is the customer who pays 1 RMB, not the VC who promises 1 million."——Jack Ma
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