joining me today on "studio 1.0," venture capitalist and partner at draper fisher jurvetson, steve jurvetsonsteve, thank you so much for being here. it is great to have you. steve: thank you. emily: i want to start in 1996. steve: oh, dear. emily: when you made an early investment in hotmail. you bet on e-mail before e-mail was anything. what did you see? steve: it is usually a combination of two things. an entrepreneur that gets me really excited, jumping out of my seat. in this case, it was sabeer bhatia and his partner, jack smith. and an idea unlike anything i had seen before. which is, wow, e-mail wherever you go, not tied to a corporate system or university server like before. it was like a lightbulb went off. we invested in what became the first example of viral marketing on the internet. emily: of course, microsoft went on to buy hotmail. dfj made millions of dollars. i want to talk about how you became a guy, who can make these kinds of predictions and big bets. tell me about where you come from. what kind of kid were you? steve: i don't know if i ever grew up. that is the first thi