Apple S-1 from December 1980. Revenue: 1977: $0.8M 1978: $7.9M (10x YoY) 1979: $47.9M (6x) 1980: $117.1M (2.4x) Profit before taxes: 1977: $0.05M 1978: $1.5M (19% margin) 1979: $10.1M (21%) 1980: $24.2M (21%)pic.twitter.com/Kgar3G3Mg8
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For anyone interested in a far more engrossing story of Apple’s journey from $0 to $1B, The Little Kingdom by @moritzKBE is for you. His introduction of Jobs is insanely vividpic.twitter.com/Gy3NZo6uxK
So many blunders of MA policy (non-competes!) kept Boston from being the Silicon Valley competitor it should have been. Startup scene starting to grow there, but given the talent density, it’s insane they’re still playing catch-up in 2019.
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