They had no business model and no revenue in November of 1999. By August the next year, they were burning $12 million per month. Reid Hoffman said to Peter Theil: “If we were standing on the roof of the building throwing off wads of hundred dollar bills as fast as we could, we would not be spending as much money as fast as we are now.” Methods of Prosperity newsletter is intended to share ideas and build relationships. To become a billionaire, one must first be conditioned to think like a bill..

Nothing like this existed before. Cell phones now have built-in cameras! MySpace had eclipsed Friendster. No one outside of Harvard University knew what “The Facebook” was. Three guys who worked at PayPal were about to change the world. They would create something that up until then had been unfeasible. Part 36: YouTube co-founders Steve Chen, Chad Hurley, and Jawed Karim (PayPal Mafia continued)