Lebanese-American entrepreneur Fadell started his career at General Magic.
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Prominent U.S. entrepreneur Tony Fadell, one of the inventors of the iPod and iPhone, vowed Thursday to offer help to promising Lebanese startups.Fadell said the macroeconomic environment in Lebanon was considered to be an added value to entrepreneurs. Fadell shared his experience with major American companies with a large audience and representatives of companies that attended BDL's annual event.Fadell said most successful startups started really small but were capable of succeeding because they only thought of what they could accomplish.Fadell said entrepreneurs needed to look at problems that haven't been solved or even identified yet.Fadell cited the example of Apple, which was indebted for $500 million while having only $250 million in the bank back in 2001 .Fadell, a 47-year-old Lebanese-American entrepreneur, started his career at General Magic, a company that was competing with Microsoft in operating systems and portable hardware. The company went bankrupt, prompting Fadell to move to Philips and then Apple.
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