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" "To demonstrate, consider the number of times the founders of the following companies pitched investors before finally succeeding: Company Number of Investor Pitches Skype 40 Cisco 76 Pandora 300 Google 350
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In his book The Singularity is Near: When Humans Transcend Biology, Kurzweil identified a hugely important and fundamental property of technology: when you shift to an information-based environment, the pace of development jumps onto an exponential growth path and price/performance doubles every year or two.