Bobby Kotick didn't think Blizzard was worth $7 million in '96

Reader Comments (Page 1 of 1)

1-21-2010 @ 8:36PM

Hansbo said...

It reminds me of Ronald Wayne. For those of you who don't know who is is, he is one of the co-founders of Apple Inc.

He owned 10% of Apple in the beginning, but sold those stocks for $800 in an early stage. Stocks which would now be worth $1.5 billion. For those not into mathematics, that's 1 875 000 times more than what he got for them.

I just realized this isn't very related to the topic, but I hope you'll find it interesting anyway :)

1-22-2010 @ 7:26AM

Docp said...

Another famous blunder is when the head of Decca Records told The Beatles manager, "Guitar groups are on their way out Mr. Epstein."

However it's important to remember that these massive blunders are famous because of their exceptional status. That record leader probably told thousands of bands that they were no good who went on to do exactly nothing. Equally every year millions of businessmen pull out of businesses early that go on to fail miserably.

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