Steve Jobs and Pixar

Steve Jobs was a complete jerk. But he done good with Pixar. 🙂

Pixar began in 1979 as the Graphics Group, part of the computer division of Lucasfilm before its spin-out as a corporation in 1986 with funding by Apple Inc. co-founder Steve Jobs, who became its majority shareholder.

The Walt Disney Company bought Pixar in 2006 at a valuation of $7.4 billion, a transaction which made Jobs Disney’s largest shareholder. …

Inadequate sales of Pixar’s computers threatened to put the company out of business as financial losses grew. Jobs invested more and more money in exchange for an increasing portion of the company, reducing the fraction of ownership by the management and employees until after several years he owned essentially all the company …

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Steve admired and respected John Lasseter as an artist. He could not say NO to the guy.

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