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He figured he’d need $3,000—a wildly ambitious sum, considering his stipend at Phystech was about $10 a month. But the same changes that lifted the veil on Russia’s standing in the sciences brought an opportunity: Before Gorbachev, private enterprise had been virtually forbidden. Now demand soared for products that had been unavailable or very scarce in the Soviet Union. Products like personal computers. Government ministries wanted them; so did the new businesses popping up. Panchul had been writing software since he was 13, and he began working for a group of fellow students who would buy computers, program them, and sell them at a markup. Their seed money came from a friend who’d tapped into the demand for another Western innovation: the mood ring. He’d made a relative fortune hawking a Soviet version of it on a busy Moscow street. The group invited Perepilichny to join them.

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