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About 300 Stanford business students showed up to listen to a guest lecture this week — even though it was the last week of the quarter and they had projects due.

But when the speaker is Skype Technologies co-founder turned venture capitalist Niklas Zennstrom talking about the long, hard process of building a company – well, schoolwork can wait.

Although he steered clear of discussing Skype’s IPO, which is expected later this year, Zennstrom did talk Tuesday about how Skype was a third attempt at building a company: Its free Internet phone service evolved first from a peer-to-peer file-sharing service called Kazaa that ran afoul of the music and film industries, and then from a distributed database company called Joltid that was running out of money and needed a way to make free phone calls.

To read the full, original article click on this link: Skype Founder To Students: Don’t Follow The Obvious Path - Venture Capital Dispatch - WSJ

Author: Deborah Gage