Luca Ferrari

But it taught us to be very careful to put all our eggs in one basket.

And so in hindsight, I think we could have still tried to get it, but maybe not obsessed so much over it, considering how unlikely it was to make it happen and try to place another few bets that year.

If you look at our growth

Those couple of years, it's way slower than almost any other year.

And that's the key reason.

We put all we had into making that one thing happen.

It didn't happen.

We hadn't done anything else.

Had done some things, but nothing that really moved the needle.

So it taught us to think more in terms of probabilities.

Not that we weren't before, but I'd say we've gotten almost obsessive about seeing the world in terms of statistics.

With that model of the world, act accordingly.

So people know AOL as the way to connect to the internet back in the day, in the 90s, even the 80s, I think, actually, I think they started.

Pioneers, at some point, AOL was what Google was in the 2000s, was the hot new thing.

So

They had this outside in, it seems like a failed merger, time Warner and whatnot.

And then they had different homes.

It's actually a very good business.

It lost all the customers that they had to lose over the decades.

And today it's a email inbox and a web portal with aggregator of news and other content.