To: Kevmo
Mike Markula bought a sizeable chunk of Apple for $250K. A sizeable chunk is not the whole thing. Venture capital always take a sizeable chunk. But the owners keep a good chunk. Steve Jobs and Steve Wozniak kept enough to become billionaires. You have to give up equity to raise venture capital. But you don't give up your whole position.
45 posted on
02/01/2014 7:41:37 AM PST by
FatherofFive
(Islam is evil and must be eradicated)
To: FatherofFive
That just makes their press release poorly worded, as far as I can tell.
70 posted on
02/01/2014 5:25:04 PM PST by
Kevmo
("A person's a person, no matter how small" ~Horton Hears a Who)
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