I have to make a confession about 1987. In every way I was an idiot. Let me explain.I was 19 years old and couldn't figure out if I wanted to continue with college or not. I had started a business called CollegeCard with two other people. We offered a debit card to college students at Cornell, where we all went to school (rather reluctantly, since I don't think any of us attended more than a handful of classes during our time there). My job was to convince all of the stores and restaurants in the area to not only accept our card (most of them never accepted a credit card before, since most college students didn't have cards then), but to also convince them to offer discounts to people who used our card. I ended up signing up 90 stores and restaurants and getting, on average, a 20% discount (the biggest discount offered was a 90% rate reduction at a fitness club in the area). I then had to program the point-of-sales machines to accept our card (I had a DEC PDP-11 sitting in my dorm room and it made so much noise I could barely sleep), install them and then train the staff of every Greek diner in Ithaca, N.Y., on how to use the machine. We signed up about 1,000 students who paid $21 a semester. We then set up a delivery service to run food from every place that accepted our card. It was sort of like Kozmo.com without the $100 million investment in infrastructure. So I was busy. Too busy for college. Furthermore I had just won about $6,000 in a chess tournament (thank you, World Open Philadelphia 1987. And for that kid in the last round who played the queen's gambit declined and missed a mate in three against me, I thank you also). As a result I felt I was rich. So I did what any other entrepreneurial 19-year-old would do coming into a massive amount of money like that. I dropped out of college (I was a sophomore) and bought a car, a 1984 Honda Civic.