Founders · Jun 3Steve Jobs in Exile
Put in $100 million for 16.67% of NeXT, then $40 million more, and totalled $140 million by December 1992. It bought the hardware division for $20 million in 1992 while NeXT kept the software.
Tips
- Ross Perot said giving Steve Jobs too much money was his mistake at NeXT▶ 35:26NeXT burned $39 million in a year when it planned to lose $3 million, and without IBM and Perot's money it would have been dead long before.
- Steve Jobs sold NeXT's hardware division to Canon in 1992 and kept the software▶ 40:24Canon had put in $100 million for 16.67% of NeXT, then $40 million more.
