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In 1997 Bill Gates and Microsoft bailed out Steve

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Post# of 32994
(Total Views: 606)
Posted On: 07/16/2021 10:09:52 AM
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Posted By: NYJETPHAN
Re: redspeed #23622
In 1997 Bill Gates and Microsoft bailed out Steve Jobs and Apple with a $150 million dollar investment. At the time Apple was trading at $8, but due to many splits is equivalent to 20 cents in todays dollars. I thought if Bill Gates is buying then so should I, but many including myself felt Apple wouldn't make it, so I didn't buy a share. A missed opportunity that taught me people inside the industry no more about the potential of a technology than investors outside of it. Here at VERB we have a 30 year career person leaving Microsoft to come to VERB in August and VERB is hiring senior people with secure jobs to come to VERB. I can imagine these new hires telling their families they quit to go to a new company and the looks they get around the barbeque. The anxiety of leaving a guaranteed paycheck and future for what they hope is a better future. I believe the new hires just as Bill Gates did in 1997, looked at the technology VERB is creating are confident and see a bright future. There are no guarantees, but attracting senior level people to come to VERB is a good sign just as it was when Steve Jobs convinced Bill Gates to invest $150 million in Apple.


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