Until a year ago, Juan Kouyoumdjian was known mostly for his failures, innovative failures, but failures nonetheless. Krazy K-Yote Two, an IMS 50-footer with an unstayed rig designed for the 1999 Admiral's Cup, was pulled from the competition after its rating was changed at the last minute. The 115-foot canting-keel, canting-rig Maiden Hong Kong, which Kouyoumdjian designed in 1999, took six years to finally reach the water andstill hasn't done anything of note. A 33-foot one-design never got off the ground. The 35-year-old Argentine publicly put an end to this streak in the 2005-'06 Volvo Ocean Race. ABN AMRO One dominated the competition, winning easily, while ABN AMRO Two set the current 24-hour speed record for a monohull. Now he's looking to add a few other trophies to his resume, including the America's Cup. We found Juan K, as everyone calls him, seated comfortably in the plush BMW Oracle Racing lounge in Valencia, Spain.