4 ms·
Failed hard by selling a company for a couple hundred million?
by harmegido 10y ago
Failed hard by selling a company for a couple hundred million?
- deleted 10y ago[deleted]
- creeble 10y agoOver 400 invested. Ask Ross Perot about the success of NeXT.
- fragmede 10y agoThere's the business end of things; Ross Perot himself "only" invested $20 million and got just shy of $70 million out of it when it was finally sold. Total failure. If you squint hard enough with VC eyes, they can almost convince you that $70 million is a terrible amount of money. And then ask Apple where OS X comes from. Ask any iOS developer about Objective-C (though not invented by NeXT, it certainly helped popularize it). Ask the wider world about object oriented programming. If you can see past the bottom of the balance sheet and beyond the next quarter, NeXT lives on, despite not achieving commercial success.
- dennisgorelik 10y agoActually - much more: --- https://en.wikipedia.org/wiki/NeXT#1996.E2.80.9397:_Apple_merger https://en.wikipedia.org/wiki/NeXT#1996.E2.80.9397:_Apple_me... Apple paid $429 million in cash, which went to the initial investors and 1.5 million Apple shares, which went to Steve Jobs, who was deliberately not given cash for his part in the deal. ---