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They were very candid with us and said, Look, we re not going to take you public We said, Why We ve got more revenue than any company you ve taken public in the last 6 months They said, We get paid a percentage of the deal The more deals we do, the more money we get paid If we want to take you public, we d have to waste a lot of time doing due diligence We would have to look at your accounting and talk to your customers We would have to convince ourselves that you were a good company So what You have to do that with any company.

No, with all the other companies, we just look at the names of the venture capitalists who ve backed them, and if it s a big name like Kleiner Perkins, we just take the company public without doing any research We have no idea what these companies do, we have no idea who their customers are or if they re satisfied We don t do any research We just take them public and take our fee So in the same time it would take to take you public, we could do five or six of these VC-backed companies Sorry, we re not interested That was a wake-up call, and I think in retrospect it shows why so many of these companies that were taken public couldn t survive They had no profit and no possibility of making it, but the underwriters never looked at them carefully.

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WCF is an incremental technology that is designed to bring many of the distinct connectivity technologies into a single programming namespace, called the System.ServiceModel namespace. When formerly you had to learn lots of different application programming interfaces (APIs) and methodologies to handle web services (ASMX), Web Services Enhancements (WSE), Microsoft Message Queuing (MSMQ), Enterprise Services, COM+, and .NET Remoting, you now have a single programming model that handles the functionality that is inherent in all of them. WPF without WCF will allow you to create pretty but likely meaningless applications. In this distributed-model world, having a good grip on WCF is necessary to get the most out of your WPF applications. WCF follows the software as a service (SAAS) philosophy where all the units of functionality (or at least back-end functionality) in an application are defined as services. These services are generally abstract and technology independent. They are accessible via well-defined interfaces. Using the SAAS model, developers take on the role of assemblers by tying services together, many times chaining and orchestrating them into workflows (which is the reason for the existence of the Windows Workflow Foundation), and fronting these composite service applications with a user interface.

I had brought in Cesar and another business guy who was a Harvard MBA, and we had all these VC firms knocking on our door I was an engineer The MIT way of doing things is that you delegate to the experts If you are riding in a car with five guys and it breaks down and you are a math major, you don t get out and start poking around with the engine if there s a mechanical engineering major on board So I felt like, OK, these VC firms are all claiming they are going to provide added value and that their money is different, but it s hard for me to evaluate these things, so I ll just delegate it to these two guys who are MBAs That s what they re supposed to know about.

Probably the VC firm that we should have picked was called Summit They were very humble; they said, Look, we don t know how to run your company We know how to go to institutional investors and get their money, and then we invest it in management teams with a track record of profitability, like yours We re not going to tell you what to do and tell you that we re going to recruit everybody for you because we don t know how to do that We know how to get.

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