FUNDS INVESTING

“It was a pleasant shock to us because we had anticipated having at
least half a dozen investors,” recalled Landa, sitting in his fourth-floor
office in Rehovot in August 1994. Terms were negotiated, but Soros
told Landa that he had a personal interest in the deal and wanted to
meet the entrepreneur before they finalized anything. He invited him
to come to New York for dinner.
And so Soros and Landa met. They were joined by two others, P.
C. Chatterjee, a Soros associate, and Robert Conrads, managing director
at First Boston. What was remarkable about the evening was the
nature of the discussion. One would expect that four businessmen,
getting together for a working dinner, would talk mainly, if not exclusively,
about work. But Chatterjee and Conrads said virtually nothing
the entire evening. Later, Landa explained that he believed the two
men, hearing Soros and him discourse the entire evening on nonbusiness
subjects, were too stunned and shocked to speak.
In describing the evening nearly two years later, Landa recalled
the details as if he had dined with Soros the day before. The evening
began at 7:30 PM and was to last four hours. After sitting down to
the elegant dinner, Soros asked Landa to talk about himself and his
company. That took maybe 20 to 30 minutes. Landa then asked Soros
whether it was his turn to ask the investor about himself.

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