Walace: 'So that guy, Jamie, ended up changing the name of the company from Doorbot to something called Ring, and he ended up selling it to Amazon for $1 billion.'
O'Leary: 'You know, I will say one thing that we should all consider. I'll do 10, 12, 15, deals a year, and I'm sure that three or four of them are going to be huge hits for me and pay for all the mistakes... Venture investing is random. There's a lot of luck in it.'
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