15 years to overnight success

April 1992

1992 - 2006

1st startup = 16 years early

Camera-phone1997

1999, 2004 & -$27M

9 Months of Bliss

Oren & Co R killin’ it

Be a1-hit

Wonder!

1. Only the rich profit from VC

Photo from

Mortgage houses, not startups

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All or nothing

2. A little rich is critical

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3. Be late, or

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4. Be boring

Directories

Customer Lists

Analytics

Data Sales

Become invulnerable