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

Let's talk about your investment strategy over the years . You've looked at , I think over 100,000 pitches , you've probably funded over 1000 companies .

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

What's the process here ? You said you don't find it worthwhile to figure out how a company could fail before deciding to invest . Instead , you ask yourself what if it works ?

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

Let's talk about your investment strategy over the years . You've looked at , I think over 100,000 pitches , you've probably funded over 1000 companies . What's the process here ?

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

What did you see ? And what , what did , why are you funding a company with no business model and no plan for revenue ? That as you said , it was just churning cash .

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

We'll talk about Hotmail later but had no revenue . I have no plans for the revenue . I know we're gonna know what we were gonna do and we were burning money like crazy .