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Except Dropbox succeeded as a separate company by most reasonable metrics. The Jobs offer was $1B IIRC; they’ve got a $12B market cap and some reasonable ROI f
by rrdharan 6y ago
Except Dropbox succeeded as a separate company by most reasonable metrics.
The Jobs offer was $1B IIRC; they’ve got a $12B market cap and some reasonable ROI far beyond the acquisition offer by now (remember even the IPO investors - non-retail - bought in at $21).
Whether the total ROI exceeds the growth / rate of return in AAPL stock during that time, well, maybe not? But it would have been a cash transaction...
- corybrown 6y agoJobs offered to buy them in 2009 when AAPL stock was around $5 a share (obviously a lot of splits happened), compared to today's price of over $120 so that $1B in stock would be around $25B, more than double Dropbox market cap
- deleted 6y ago[deleted]
- rrdharan 6y agoBut like I said, it would have almost certainly been a cash transaction, right? So yeah, engineers who were retained would have done better with their AAPL stock grants, but that’s not really the measure to compare is it? By that logic most companies should have dissolved and simply bought AAPL shares with their proceeds (I mean that’s true up to some limit but it falls apart in some macroeconomic sense obviously).
- duxup 6y agoDropbox also evolved into something more than what it was at the time of Steve's quote right? I feel like both Steve can have been right, and Dropbox successful because it chose to do more than just be a feature.