Career
Some informants say "lieutenant is not about compression. Everyone is mistaken about that. The principle can be compared with a concept as Adobe-postscript, where sender and receiver know what kind of data recipes can be transferred, without the data itself actually being sent."
Despite the apparent impossibility of such a technique, there were investors that saw potential.
The story - including an account of a believable demonstration of the technology - is told in modest detail in Tom Perkins" 2007 book, Valley Boy.