Venture Capitalist- Risk Disguised as Promise

Steve Jobs’ ascension from college dropout into one of the most revered creative entrepreneurs of the 20th century.

Mike Markulla put in $250k as an angel–$80k as equity (or $92k in one account) and $170k as a loan–in 1976 or 1977. At least one account has Arthur Rock also putting money in at this time.

Apple then raised $518,000 in January 1978, $704,000 in September 1978 and $2.3 million in December 1980. The company was taken public on December 22, 1980 by Hambrecht & Quist, represented by Wilson Sonsini. I believe the venture investors included Sequoia (Don Valentine) and Matrix Partners.

Ashton Kutcher as Steve Jobs
Dermot Mulroney as Mike Markkula
Josh Gad as Steve Wozniak

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