The Founding of NeXT Inc

In 1985, after a tumultuous period at Apple, Steve Jobs made the bold decision to resign and establish NeXT Inc. with an initial investment of $7 million. The vision behind NeXT was to create high-end computers for higher education and business markets, focusing on advanced software and hardware integration. However, by 1986, Jobs faced significant challenges as the company was running low on funds and had yet to launch a product. In a strategic move, he sought venture capital to keep the company afloat. His efforts paid off when billionaire Ross Perot recognized the potential of NeXT and made a substantial investment, providing the necessary financial backing. This partnership was crucial for Jobs, as it not only stabilized the company but also set the stage for the unveiling of the NeXT computer, which was later showcased in what many considered Jobs's comeback event. The NeXT computer would go on to influence future technology, including the development of macOS and iOS, marking a significant chapter in Jobs's career and the tech industry as a whole. #mooflife #mof #MomentOfLife #SteveJobs #NextInc. #Apple #RossPerot #TechnologyHistory