Jobs was fortunate to meet Steve Wozniak who believed in engineering as the highest, and most noble activity. ‘Woz’ did not believe in marketing, and did not aspire to be in the lime light. Their meeting was truly fortunate. Wozniak’s father taught his son how to build circuits at an early age. His father also taught ‘Woz’ to never lie, accept in the service of a good practical joke. Wozniak had an easier time making eye contact with a circuit than a girl, built a transistor to allow 6 kids to communicate with eachother, read about new computers in his spare time, and focused on designing circuits. Wozniak was socially shut out in high school. Wozniak worked on designing computers with half the number of chips the company had designed in his blue prints. Jobs had inferior tech-skills but had other advantages like charisma and persuasiveness.
the initial 18 months of development needed to get NeXT going required $7 million dollars of Jobs’ own money. NeXT was valued at 30 million dollars, and there was little to show for it, and no revenue. Ross Perot was dazzled by Steve Jobs’ vision based on a now famous documentary about NeXT. Ross Perot had made his fortune competing against IBM and had become a VC for other aspiring entrepreneurs in tech. The fact was that Ross Perot missed out a deal with Bill Gates at Microsoft during the early days at Microsoft and Perot deeply regretted it. Ross Perot would get 16% of equity in the company for $20 million after Jobs put in another $5 million meaning the company was worth $126 million dollars. Ross Perot built a narrative around Steve Jobs about “a rags to richest genius who had to either start a company or get a job, a week later the Apple I was finished.” It was a fantasy that Ross Perot created.