| I was in my laboratory... |
00:00:16.503 - 00:00:19.503 |
| probably talking to students. |
00:00:19.840 - 00:00:22.840 |
| Here's a call, comes out of the blue.
[Phone Ringing] |
00:00:26.079 - 00:00:28.681 |
| This young guy... |
00:00:28.682 - 00:00:29.749 |
| wanted to know ifthe technology
was ready to be commercialized. |
00:00:29.750 - 00:00:32.750 |
| Then he said the magic word.
He says' |
00:00:35.489 - 00:00:38.090 |
| "I have access to some money
that would allow us to get started." |
00:00:38.091 - 00:00:41.091 |
| And I said, "Okay." |
00:00:42.295 - 00:00:45.295 |
| I said,
"Where does the money originate?"
And he said, |
00:00:45.532 - 00:00:48.532 |
| "I'm a junior member
at a venture capital firm." |
00:00:49.536 - 00:00:52.536 |
| I went to look up what
"venture capital" meant. |
00:00:56.943 - 00:00:59.779 |
| I had never heard ofit before. |
00:00:59.780 - 00:01:02.548 |
| [Typing] |
00:01:02.549 - 00:01:05.549 |
| [Man]
The risks were just enormous. |
00:01:07.587 - 00:01:09.622 |
| [Man #2] They came to me
with no business plan. |
00:01:09.623 - 00:01:11.390 |
| [ Various Male Voices]
Willing to risk everything
You have to be a street fighter. |
00:01:11.391 - 00:01:13.793 |
| Tick, tick, tick, tick, tick.
We didn't know what
we were doing. |
00:01:13.794 - 00:01:16.128 |
| Silicon Valley.
Technical breakthrough. |
00:01:16.129 - 00:01:17.997 |
| $100 000.
A million dollars. |
00:01:17.998 - 00:01:19.298 |
| $10billion.
Intel. |
00:01:19.299 - 00:01:20.866 |
| Apple.
Genentech. |
00:01:20.867 - 00:01:22.168 |
