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The room was packed and people were standing, but Alan Sutin spotted two empty seats and made a dash. In other circumstances, the sight of Mr. Sutin running for a chair might have drawn some attention: Suits and ties still stand out in the dressed-down world of Internet start-ups. But on this mid-May afternoon, the audience at the Hilton – several hundred strong – was formally attired. There was not a T-shirt in sight.

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