In 1999, life seemed great for Nihal Mehta. He raised money for an internet-based city guide after doing little more than scribbling an idea for a dotcom on a napkin. Those were heady days in the business.
There’s a shocking moment towards the end of this interview when I ask Jason Jacobs what kind of internet connection he’s on, and he says he’s “technically illiterate” and doesn’t know. The guy founded RunKeeper whose app has been installed on millions of mobile phones because it automagically lets runners track and share their runs. How did he do it if he’s technically illiterate and can’t code?
Adarsh Pallian saw a New York Times article about a loudmouth hedge fund manager who was starting to make a name for himself online. So he called him up, told him his site sucked and offered to help him fix it. They ended up working out a deal…
Andy Kessler co-founded Velocity Capital Management where he turned $100 million into $1 billion by investing in cutting edge internet companies. Then he did something unusual, he moved on. He sold his shares. Gave his investors their money. And made himself into bestselling author.