Consider, for example, the cases of Advanced Micro Devices and Altera (Nasdaq: ALTR) -- two tech plays touted to me at cocktail parties, golf outings, weddings, and of course, on the Internet. Are they small? No. AMD and Altera are $2 billion and $5 billion companies, respectively. Are they led by dedicated founders? No. Both Derrick Meyer and John Daane came from other companies. Neither owns a significant percentage of his company's shares.

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