{"id":134,"date":"2006-02-03T05:49:41","date_gmt":"2006-02-03T00:49:41","guid":{"rendered":"http:\/\/emilychang.com\/blog\/?p=134"},"modified":"2009-06-08T05:50:58","modified_gmt":"2009-06-08T00:50:58","slug":"twenty-years-later-no-longer-just-a-hobby","status":"publish","type":"post","link":"https:\/\/emilychang.com\/blog\/2006\/02\/twenty-years-later-no-longer-just-a-hobby\/","title":{"rendered":"Twenty Years Later: No Longer Just a Hobby"},"content":{"rendered":"<p>Today turns out to be the twenty year anniversary of when George Lucas sold Pixar to Steve Jobs.  In the post, &#8220;<a href=\"http:\/\/www.applematters.com\/index.php\/section\/history\/february_3_1986_divorce_mogul_style\/\">February 3, 1986: Divorce, Mogul Style<\/a>,&#8221; Chris Seibold tells how Lucas decided to &#8220;see a smallish piece of his Lucas Film empire&#8221; to raise cash to settle his divorce.  Given Lucas&#8217; predicament, Steve Jobs was able to bring Lucas&#8217; initial asking price of 30 million dollars to 10 million.<\/p>\n<blockquote><p>For years, the company Steve Jobs called a hobby was little but a serious money pit. Unexpectedly, Pixar became the source of the majority of Steve Jobs&#8217; immense wealth after an extremely successful initial public offering. It was this month in 1986 that Steve first acquired the hobby that eventually paid off big.<\/p><\/blockquote>\n<p>On January 24 of this year, Disney announced paying $7.4 billion in stock to acquire Pixar.  Jobs will be on Disney&#8217;s board of directors, and two executives from Pixar will head the new Pixar and Disney Animation Studios and lead the creative vision.  See &#8220;<a href=\"http:\/\/news.com.com\/Disney+buys+Pixar\/2100-1026_3-6030607.html\">Disney buys Pixar<\/a>&#8221; at CNET for more.<\/p>\n<p>The takeaway for my Web 2.0 readers?  On the one hand, be careful of the decisions you make when you&#8217;re in financial need (eg. startups trying to cash-out).  On the other, your hobby (eg. your &#8220;little web app&#8221;) may sometimes become much more than that, but only if you take it seriously.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today turns out to be the twenty year anniversary of when George Lucas sold Pixar to Steve Jobs. In the post, &#8220;February 3, 1986: Divorce, Mogul Style,&#8221; Chris Seibold tells how Lucas decided to &#8220;see a smallish piece of his Lucas Film empire&#8221; to raise cash to settle his divorce. Given Lucas&#8217; predicament, Steve Jobs&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[26,43,69,70,68],"class_list":["post-134","post","type-post","status-publish","format-standard","hentry","category-writing","tag-digitallife","tag-entrepreneurship","tag-georgelucas","tag-pixar","tag-stevejobs"],"acf":[],"_links":{"self":[{"href":"https:\/\/emilychang.com\/blog\/wp-json\/wp\/v2\/posts\/134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emilychang.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emilychang.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emilychang.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emilychang.com\/blog\/wp-json\/wp\/v2\/comments?post=134"}],"version-history":[{"count":0,"href":"https:\/\/emilychang.com\/blog\/wp-json\/wp\/v2\/posts\/134\/revisions"}],"wp:attachment":[{"href":"https:\/\/emilychang.com\/blog\/wp-json\/wp\/v2\/media?parent=134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emilychang.com\/blog\/wp-json\/wp\/v2\/categories?post=134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emilychang.com\/blog\/wp-json\/wp\/v2\/tags?post=134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}