Founders · Jun 3Steve Jobs in Exile
Paid $20 million for 16% of NeXT in 1986 and later concluded, "I gave Steve too much dang money." He stopped believing in the company after Jobs refused to sign the Perot Systems deal.
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 walked away from a Perot Systems deal over principle, choosing purity over survival▶ 34:26This was one of several deals Jobs killed while NeXT was burning tens of millions of dollars.
