Kanwal Rheki getting a 100x return in 1995
It turned out to be the best invest ever made by me. At it peak it had grown 1000X and was worth $200 million. I was not smart enough to get out when the going was great but I was able to sell this investment for $20 million, a mere 100X. For the longest time I felt angry at myself for being stupid. Now I will take 100X return any day without feeling stupid!!!
I had gotten very impressed with the people (ChandraShekhar and BV Jagadeesh) and the business idea.
James Thomason – Do you believe in the butterfly effect? Because of your investment, I moved from Alabama to California, where I remained for the next 20 years and 13 startup companies. I was the 28th employee at Exodus in 1996 , if memory serves. I met my wife in San Francisco and started my first company there.
On what to invest in
Kanwal – it’s all about the team!