Steve Jobs - Chapter 9: Going Public Summary & Analysis

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Summary

Apple became the most oversubscribed public offering since the Ford Motor Company. By December of 1980, Apple would be worth $1.79 billion. Unfortunately, Kottke was given no options as he was considered an hourly worker instead of an engineer. One of the employees, Holt offered to match the stocks that Jobs gave Kottke, but Steve offered him “zero” (103). Woz was very generous with his shares and gave them out to workers who were given no shares.

The author makes it clear that Jobs made his child support deal with Chrisann before the company’s valuation. By the age of 25, Steve Jobs was worth $256 million. With this money, he built a sparsely furnished house, a BMW motorcycle, but did not really donate any of it to charity. The chapter ends with a statement from Jobs stating that young people’s idealism is gone.

Analysis

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This section contains 270 words
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Buy the Steve Jobs Study Guide
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