Make sure you read this great series about the InfoSpace con from the Seattle Times.
I remember reading about Naveen Jain back then and thinking he was the consummate asshole. He used to brag about how smart he is. Not exactly a Level 5 leader.
He was predicting that InfoSpace would be the first trillion dollar company doing silly content stuff with cell phones. When I was at MessageMedia, one of my projects was to investigate opportunities in the wireless market. Back then the buzz was about WAP, which attracted a skillion dollars in investment. I played around with it at an HP lab in Grenoble. The experience was, to put it mildly, crappy. You didn’t have to be a genius to see the emperor had no clothes. Meanwhile, Henry Blodget et. al. got paid millions for admiring the quality of the cloth.