April 20, 2000
Untitled
A Million Garages is a interesting editorial commentary on Apple’s recent fortunes, the potential threats bouncing up and down on their doorstep, and suggestions on how to avoid any looming disasters. After all, they did just announce a stock split and have all this extra cash to spend. One of the more curious observations…
“Somehow, I don’t think strategic acquisitions are the reason for all those additional shares. Although Apple has shown a deft touch in identifying opportunities, they arise sporadically at best… Apple should set aside as much as 20% of the extra to establish a multi-billion dollar Venture Capital fund. This fund should be used to support an OS neutral web”
Strategic investment in products and other opportunities through corporate funded venture firms have worked before. Just look at Adobe and its Adobe Ventures LP. They’ve fed cash to dozens of companies that have enhanced Adobe’s core technologies and market positioning. Sounds smart to me.
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