“They sign up straight away ... each of those founding partners invest six million dollars for 10 % stake in the company”

Great Business Stories · General Magic: Right Product, Wrong Time

Play from 7:39
7:39

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What was described

secured $6 million investments from Sony, Motorola and AT&T for a 10 % equity stake each to fund General Magic

$6 million per partner; 10 % equity stake

Said nearby on the same subject

“I would actually do like a consumer private equity fund. I would raise $500 million and I would invest into the fastest growing consumer brands… alongside a lead gen content business.”
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