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15 years to overnight success
April 1992
1992 - 2006
1st startup = 16 years early
Camera-
 phone
 1997
1999, 2004 & -$27M
9 Months of Bliss
Oren & Co R killin’ it
Be a
 1-hit
Wonder!
1.
Only the rich profit from VC




                              Photo from
Mortgage houses, not startups


                          Photo from TechCrunch
All or
nothing
2.
A little rich is critical




                            Photo from TechCrunch
3.
Be late, or




              Photo from TechCrunch
4.
Be boring
Directories
Customer Lists
Analytics
Data Sales
Become invulnerable

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15 Years to Overnight Success