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Ross Perot Left IBM in 1962 and Started a Company With $1,000. In 1984, General Motors Bought It for $2.5 Billion

Source: 247wallst.com

Technology & InnovationCompany Fundamentals
Ross Perot Left IBM in 1962 and Started a Company With $1,000. In 1984, General Motors Bought It for $2.5 Billion

Ross Perot quit IBM after it capped his commissions, starting out with a borrowed $1,000 and a business pitch IBM had rejected. The teaser says the company he built later drew one of America's largest corporations to him, but provides no further details or financial figures.

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