If someone has failed before he’s even more likely to invest - “It
makes them want to win even more,” he said. He generally doesn’t look
at business plans at all, and just invests in the individual.

I remember meeting Yossi Vardi when I was in Israel a couple years ago. Mike Arrington has a great writeup on him. I remember a bunch of my colleagues ran up and gave him their business cards afterwards, trying to “get in.” I didn’t understand what the big deal was. My, how things have changed for me.