The Pixar touch.
The Pixar Touch is a well written, easy to read book. It traces the story of Pixar over 20 years. Some interesting things I learnt:
- Employees who spend 8-12 years in the company did not make much in the IPO. Steve Jobs’ share in the company was 80%. He took back Pixar employees RSU’s and gave them new options forcing them to stay on for 4 more years. This means some employees worked 12 years but got options worth four years. Steve Jobs was mean.
- George Lucas was a generous investor. He gave people at Pixar around two years to find a buyer when it was a loss making operation.
- Pixar hired a lot of talent at the top level after it became famous. I wonder what the older employees thought of this.
- Pixar sells the industry standard in animation software called RenderMan.
- The founders were a patient bunch. They were in it for the long run - opposite of a serial entrepreneur.