Steve Jobs Was Fired From Apple at 30. Here's How He Got Back. #Shorts
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Steve Jobs Was Fired From Apple at 30. Here's How He Got Back. #Shorts
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At 30, Steve Jobs was pushed out of the company he started in a garage. This is the true story of what he did at the bottom: NeXT, Pixar, and the deal that brought him back to Apple.
THE TIMELINE (what the record shows)
• May 1985 – Apple CEO John Sculley, whom Jobs had recruited from Pepsi, takes a reorganization plan to the board that would pull Jobs off the Macintosh team. The board backs Sculley.
• Sept. 17, 1985 – Jobs sends his resignation letter to the board. Apple later said it was effective Sept. 18.
• 1986 – Jobs puts up $10 million to spin a small graphics group out of Lucasfilm: $5 million to Lucasfilm for the technology rights, $5 million as working capital. That company becomes Pixar.
• Over the years – Jobs puts about $50 million of his own money into Pixar.
• 1995 – Toy Story, the first fully computer-animated feature film, earns more than $360 million worldwide in its original run (reported figures for the original run start at about $362 million and go higher depending on the source and date).
• Dec. 1996 – Feb. 1997 – Apple buys NeXT. Announced at about $400 million ($350M plus about $50M of assumed debt); Apple's own filings put the final price at about $427–430 million including stock and assumed liabilities.
SOURCES
[1] Wikipedia – "Steve Jobs": https://en.wikipedia.org/wiki/Steve_Jobs
[2] Wikipedia – "Pixar": https://en.wikipedia.org/wiki/Pixar
[3] Encyclopaedia Britannica – "Steve Jobs": https://www.britannica.com/biography/Steve-Jobs
[4] Steve Jobs' resignation letter to Mike Markkula, Sept. 17, 1985 (text): https://mac-history.net/i-am-but-30-and-want-still-to-contribute-and-achieve-steve-jobss-resignation-letter-1985/
[5] The Washington Post, "Apple Verifies Jobs' Exodus From Firm," Sept. 20, 1985: https://www.washingtonpost.com/archive/business/1985/09/20/apple-verifies-jobs-exodus-from-firm/17fe98ab-cce8-44c5-864e-40e8360b0d4d/
[6] Alvy Ray Smith, "Pixar Myth No. 1" ($10M = $5M technology rights + $5M capital): http://alvyray.com/Pixar/PixarMyth1.htm
[7] Apple Form 8-K (Dec. 24, 1996), NeXT announced at $400 million: https://www.sec.gov/Archives/edgar/data/320193/000032019397000002/0000320193-97-000002.txt (Apple Form 10-Q filed Feb. 10, 1997: comprehensive purchase price about $430 million)
[8] The New York Times, "Steven Jobs Making Move Back to Apple," Dec. 21, 1996: https://www.nytimes.com/1996/12/21/business/steven-jobs-making-move-back-to-apple.html
[9] Box Office Mojo (archived listing), Toy Story (1995), worldwide gross $361,958,736: https://web.archive.org/web/20100205123403/http://boxofficemojo.com/movies/?id=toystory.htm
[10] Wikipedia – "Toy Story", Box office: "eventually grossed over $363 million worldwide" (original release); lifetime total including re-releases is higher: https://en.wikipedia.org/wiki/Toy_Story
IMAGE & LOGO CREDITS
Photo: Bernard Gotfryd, 1984 (Library of Congress), public domain · Photo: White House Photographic Office, 1985, public domain · Macintosh 128K: Benoît Prieur, CC0 · NeXT logo: Paul Rand, public domain · NeXTcube: All About Apple Museum, CC BY-SA 3.0 · Apple logo: Rob Janoff, public domain · Pixar logo: public domain (Wikimedia Commons) · Luxo Jr.: Achanhk, CC BY-SA 4.0 · Toy Story poster © Disney/Pixar, shown under fair use for commentary. All logos and trademarks belong to their owners and appear for factual reference only; no endorsement is implied.
AI DISCLOSURE
The narration is an AI-generated voice (not a real person), and the backgrounds are AI-generated. Characters are paper-cut silhouettes. Facts come from the sources above.
What would you build in your eleven years? Tell us in the comments.
#Shorts #SteveJobs #BusinessHistory
THE TIMELINE (what the record shows)
• May 1985 – Apple CEO John Sculley, whom Jobs had recruited from Pepsi, takes a reorganization plan to the board that would pull Jobs off the Macintosh team. The board backs Sculley.
• Sept. 17, 1985 – Jobs sends his resignation letter to the board. Apple later said it was effective Sept. 18.
• 1986 – Jobs puts up $10 million to spin a small graphics group out of Lucasfilm: $5 million to Lucasfilm for the technology rights, $5 million as working capital. That company becomes Pixar.
• Over the years – Jobs puts about $50 million of his own money into Pixar.
• 1995 – Toy Story, the first fully computer-animated feature film, earns more than $360 million worldwide in its original run (reported figures for the original run start at about $362 million and go higher depending on the source and date).
• Dec. 1996 – Feb. 1997 – Apple buys NeXT. Announced at about $400 million ($350M plus about $50M of assumed debt); Apple's own filings put the final price at about $427–430 million including stock and assumed liabilities.
SOURCES
[1] Wikipedia – "Steve Jobs": https://en.wikipedia.org/wiki/Steve_Jobs
[2] Wikipedia – "Pixar": https://en.wikipedia.org/wiki/Pixar
[3] Encyclopaedia Britannica – "Steve Jobs": https://www.britannica.com/biography/Steve-Jobs
[4] Steve Jobs' resignation letter to Mike Markkula, Sept. 17, 1985 (text): https://mac-history.net/i-am-but-30-and-want-still-to-contribute-and-achieve-steve-jobss-resignation-letter-1985/
[5] The Washington Post, "Apple Verifies Jobs' Exodus From Firm," Sept. 20, 1985: https://www.washingtonpost.com/archive/business/1985/09/20/apple-verifies-jobs-exodus-from-firm/17fe98ab-cce8-44c5-864e-40e8360b0d4d/
[6] Alvy Ray Smith, "Pixar Myth No. 1" ($10M = $5M technology rights + $5M capital): http://alvyray.com/Pixar/PixarMyth1.htm
[7] Apple Form 8-K (Dec. 24, 1996), NeXT announced at $400 million: https://www.sec.gov/Archives/edgar/data/320193/000032019397000002/0000320193-97-000002.txt (Apple Form 10-Q filed Feb. 10, 1997: comprehensive purchase price about $430 million)
[8] The New York Times, "Steven Jobs Making Move Back to Apple," Dec. 21, 1996: https://www.nytimes.com/1996/12/21/business/steven-jobs-making-move-back-to-apple.html
[9] Box Office Mojo (archived listing), Toy Story (1995), worldwide gross $361,958,736: https://web.archive.org/web/20100205123403/http://boxofficemojo.com/movies/?id=toystory.htm
[10] Wikipedia – "Toy Story", Box office: "eventually grossed over $363 million worldwide" (original release); lifetime total including re-releases is higher: https://en.wikipedia.org/wiki/Toy_Story
IMAGE & LOGO CREDITS
Photo: Bernard Gotfryd, 1984 (Library of Congress), public domain · Photo: White House Photographic Office, 1985, public domain · Macintosh 128K: Benoît Prieur, CC0 · NeXT logo: Paul Rand, public domain · NeXTcube: All About Apple Museum, CC BY-SA 3.0 · Apple logo: Rob Janoff, public domain · Pixar logo: public domain (Wikimedia Commons) · Luxo Jr.: Achanhk, CC BY-SA 4.0 · Toy Story poster © Disney/Pixar, shown under fair use for commentary. All logos and trademarks belong to their owners and appear for factual reference only; no endorsement is implied.
AI DISCLOSURE
The narration is an AI-generated voice (not a real person), and the backgrounds are AI-generated. Characters are paper-cut silhouettes. Facts come from the sources above.
What would you build in your eleven years? Tell us in the comments.
#Shorts #SteveJobs #BusinessHistory
