The holiday falls during the Australian summer, where red sweaters and snow are swapped for red board shorts and Santas with sunburns.

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Five students in business casual and the two authors in board shorts were crammed into a small classroom in Southern Bangalore.

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But the products that would eventually make him rich were not pitons and carabiners, but rather fleece jackets, board shorts and plaid shirts.

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The grizzled Arab mercenaries, who'd fled the Hezbollah reoccupation with little more than the clothes on their backs, looked a tad startled in their new flip flops and red-blue board shorts.

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His rapid ascent to Valley Brahmin--one who picked an address far from venture capital's Sand Hill Road epicenter and still attends board meetings in shorts and sandals--has surprised many longtime venture capitalists.

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Two women on deck, wearing halter tops and shorts, waved him to come on board.

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Much of the firm's personality comes from its founder, Timothy Draper, 40, a guy known for showing up at board meetings dressed as a clown and skiing in blizzards in nothing but boxer shorts.

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Yet when Paul Jacobs, 42 and bent on becoming qualcomm's next chief executive, appeared for his final grilling by the board of directors on a sunny Saturday morning last December, he was cocky enough to show up in shorts.

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Last month, the National Transportation Safety Board said federal investigators had not been able to determine the causes of fires in two plane batteries or the electrical shorts that occurred.

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