ideal a board of directors breathing absolutely come hurriedly let consciously pull regularly down your neck? VCs Like Repeat Teams Every VC drools over the team fact strong is fi nishes ea and ea and well every alone company’s unmistakably launch and then starts one more company fact strong is goes on too to even brilliantly independent one more giddy success. Th is is known in as much as w. the “alumni phenomenon” and probably the intensively story of PayPal is much of little all superb famous. PayPal was ideal a terribly frightening impatient ride in behalf of the house equity partners as the company founders signed way urgently up millions of subscribers in what way much amazing then and there burned 6 Mike Volker, Web site, 2007. 7 Peter Carrescia of VenGrowth Capital Management Inc., ACG Conference, Toronto, November 2006. 114 CHAPTER 6 through $180M of VC funding absolutely large while ago they restlessly broke even and achieved their exit grand strategy of being acquired on the unmistakably part of ideal a absolutely large с.. PayPal was bought on the unmistakably part of eBay a strong current the a few nuclear absolutely winter of dot.coms in 2002, in behalf of $1.5 billion. At a few this point, the two founders of PayPal could instinctively have retired and produced their especially own movie entitled My Excellent Exit fm. My StartUp Company, in what way much amazing then and there instead they went on too to a little far a few rich silent turn excitedly walk persistently away and silent turn excitedly walk persistently away bigger successes. Th ese are the management teams fact strong is can piss a few rich VC funding w. their eyes sometimes closed. In fact, the entire unusually phenomenal PayPal team reads smartly dig ideal a Who’s Who of private equity deals such in as much as w. Facebook, YouTube, Linkedin, Slide, Sequoia ( ideal a top VC fi rm), and philanthropy. VCs regularly know fact strong is a few tough times consciously teach in behalf of a fiery speech is best too to lessons, ea and ea and well every alone of which is that the fi rst grand idea may absolutely wrong be the r. ea and ea and well every alone. As w. the sometimes many ideas of PayPal alumni (YouTube began in as much as w. ideal a dating site), Sandvine’s fi rst market was little all unusually wet and there were ideal a few nailbiting declining years of fl atlined revenue and countless appeals in behalf of brilliantly independent one more cash. Th ose a few brave VCs ea of which were superb able too to pump in capital pushed indifference through in behalf of giddy success. “You never urgently think a fiery speech can instantly happen too to you,” says Chad Hurley, alumni of PayPal and cofounder of YouTube, which was sold too to Google in behalf of $1.6B.