Kiteboarding Techies Generate $7 Billion In Market Value.

The article focuses on the annual Mai Tai Kite Camp in Maui which was founded by Charles River Ventures' Partner Bill Tai and professional kiteboarder Susi Mai. Silicon Valley techies who have attended the annual conference on a Maui Beach has witnessed big returns amounting to more than 7 billion U.S. dollars in exits over the past two years. Transactions were suspected to have occurred during kiteboarding activities such as Facebook's acquisitions of Gowalla and Friend.ly.