Tim Draper discusses funding Hotmail and Skype, and how it changed the world.

You , it was 80 cents a minute for long distance calls . It was really tough to do business overseas and all of a sudden it was just an email away and that I think has had a big impact on the world and then Skype did the same thing in a bigger way , right ? You invented viral marketing .

Tim Draper discusses funding Hotmail and Skype, and how it changed the world.

Uh It was a , it was a really amazing transformation . It was a big deal and I actually think hotmail was possibly the most important thing I helped with because uh it allowed everyone in the world to communicate for free . And that was unheard of before that .

Tim Draper discusses funding Hotmail and Skype, and how it changed the world.

And you've also funded companies with no revenue . We'll talk about Hotmail later but had no revenue . I have no plans for the revenue .

Tim Draper discusses funding Hotmail and Skype, and how it changed the world.

And then I thought , well , you're giving this away for free . Can you put a little message at the bottom of everybody's screen that says P si love you get your free email at Hotmail . And they didn't like the idea at first and we , I had to fight fight fight finally said , OK , we'll do it .

Tim Draper discusses funding Hotmail and Skype, and how it changed the world.

But anyway , no P si love you but , but it spread because it had a um it was as though your customer was selling your product for you because it just it was on the bottom of everybody's email and uh it spread to 11 million users in 18 months . And the founder Savier Bao was from India and then he sent one email to his friend in India and there were 100,000 registers hot hotmail users from India in three weeks . Uh It was a , it was a really amazing transformation .