, ▁a ▁very ▁low - quality ▁video ▁file ▁normally ▁requires ▁ 1 0 , 0 0 0 ▁times ▁more ▁storage ▁space , ▁and ▁a ▁higher ▁quality ▁video ▁file ▁could ▁require ▁ 1 7 5 , 0 0 0 ▁times ▁more ▁data . ▁ ▁Ro el ▁Pie per ▁is ▁quoted ▁as ▁saying ▁( trans l ated ▁from ▁Dutch ): ▁" It ▁is ▁not ▁about ▁compression . ▁Every one ▁is ▁mistaken ▁about ▁that . ▁The ▁principle ▁can ▁be ▁compared ▁with ▁a ▁concept ▁as ▁Ad obe - post script , ▁where ▁sender ▁and ▁receiver ▁know ▁what ▁kind ▁of ▁data ▁reci pes ▁can ▁be ▁transferred , ▁without ▁the ▁data ▁itself ▁actually ▁being ▁sent ." ▁ ▁In ▁ 1 9 9 6 , ▁Slo ot ▁received ▁an ▁invest ment ▁from ▁colle ague ▁Jos ▁van ▁Ros sum , ▁a ▁cig aret te ▁machine ▁operator . ▁ ▁The ▁same ▁year , ▁Slo ot ▁and ▁van ▁Ros sum ▁were ▁granted ▁a ▁ 6 - year ▁Dutch ▁pat ent ▁for ▁the ▁Slo ot ▁Enc oding ▁System , ▁naming ▁Slo ot ▁as ▁invent or ▁and ▁Van ▁Ros sum ▁as ▁pat ent ▁owner . ▁ ▁Despite ▁the ▁apparent ▁impos s ibility ▁of ▁the ▁encoding ▁system , ▁there ▁were ▁invest ors ▁who ▁saw ▁potential . ▁ ▁In ▁early ▁ 1 9 9 9 , ▁Dutch ▁invest or ▁Marcel ▁Bo ek ho orn ▁joined ▁the ▁group . ▁In ▁March ▁ 1 9 9 9 , ▁the ▁system ▁was ▁demonstrated ▁to ▁Ro el ▁Pie per , ▁former ▁C TO ▁and ▁board ▁member ▁of ▁Phili ps . ▁