Evidence receipt / evaluation
Published · transcript-backedTrip Hawkins: evaluation
27 May 2019 Acquired The Electronic Arts IPO (with Trip Hawkins)
“With these three IPOs when I was around, Apple went at the time it was perfectly appropriate for Apple to do it. It was a mix blessing because it clearly changed the culture of the company in a negative way, but it really did help put the company on the map, and give it plenty of resources.”
Source trail
Everything needed to verify it.
- Speaker
- Trip Hawkins
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 27 May 2019
- Publisher
- Acquired
Transcript context
…Were you facing pressure from shareholders saying, “Hey, we really should, you know it’s been how many years, however many years, 7 years, we really should think about returning capital [...]. Yeah. With these three IPOs when I was around, Apple went at the time it was perfectly appropriate for Apple to do it. It was a mix blessing because it clearly changed the culture of the company in a negative way, but it really did help put the company on the map, and give it plenty of resources. I think Electronic Arts, it took too long. It was seven years, and it was painful for some employees, there was a lot of frustration and disappointment. A lot of it had to do with the economy not being in the right place in the mid to late ‘80s, and then of course, 3DO later, went to public way too early, but it was almost like to company had no shot, and even remotely trying it, [...] going to do if it didn’t go out ahead of things. This is your gaming hardware business later that you started after EA?…
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