Are video games, video? How about iPhone apps?

In 1991, Michel Kripalani, at the age of 23, started his second company in a Mira Mesa four-bedroom rental house. He rode the video game wave and built Presto Studios into a successful company.

Oceanhouse Media has already developed 74 iPhone applications including "Grinchmas," based on the popular Dr. Seuss book, "How the Grinch Stole Christmas!" In December 2009, it was the eighth most popular paid app and the number one most popular kid's game. (More)