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More pieces of the puzzle

PostPosted: 21 Apr 2010, 12:04
by ivanw
An article about Fingerworks, Apple and business:
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PostPosted: 17 Aug 2010, 12:20
by TorbenGB
Great find! Here's the most interesting part:

After Fingerworks hired salesmen and managers, Hagegard invested in September 2004, with a handful of others, raising a total of less than $1 million. "A month later, we got the first offer from Apple," for around $5 million. They held out, and began talks with Japanese manufacturers.

"Five months later, Apple tripled its offer, to around $14 million," Hagegard said. "We couldn't say no anymore," he added. "I got about seven-and-a-half times my money back, in less than half-a-year."

Westerman joined Apple. Elias stayed at the university. Apple, famously reticent about product development, didn't return my calls seeking comment.