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The first concept public offering in Silicon Valley history
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General Magic

The first concept publicoffering in Silicon Valleyhistory and we raised a total of, uh,96...

The first concept public
offering in Silicon Valley
history and we raised a total of, uh,
96 million dollars

Full Transcript

00:00:01.000 --> 00:00:03.875
The first concept public offering in Silicon Valley history
00:00:03.875 --> 00:00:08.626
and we raised a total of, uh, 96 million dollars.
Duration
9 seconds
Views
31
Timestamp in Movie
00:47:01
Uploaded
Jun 18, 2025
Genres
documentary
Production
Spellbound Productions II

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Movie Summary

The ideas that dominate the tech industry and our day to day lives were born at a secretive Silicon Valley start-up named 'General Magic', which spun out of Apple in 1990 to create the first handheld personal communicator (or "smartp
We were kings of the universe, and it was really fun. - General Magic 00:06
We were kings of the universe, and it was really fun.
Today we would call it going viral. The press loved us. - General Magic 00:05
Today we would call it going viral. The press loved us.
I was just afraid Marc thought things were just too easy to do. - General Magic 00:04
I was just afraid Marc thought things were just too easy to ...
We were so distracted by all the articles, - General Magic 00:09
We were so distracted by all the articles,
You know that we're gonna conquer the world, but yet we hadn't finished. - General Magic 00:04
You know that we're gonna conquer the world, but yet we...
We were not paying attention to the other external trends that were happening around us, - General Magic 00:17
We were not paying attention to the other external trends th...
Put simply the internet is just a network of networks. - General Magic 00:05
Put simply the internet is just a network of networks.
In recent years, a relatively unknown communication system, - General Magic 00:13
In recent years, a relatively unknown communication system,
And we had an intern who's like, "Hey everybody, - General Magic 00:07
And we had an intern who's like, "Hey everybody,
It was probably late 94' early 95' and you could go to every Website at that time. - General Magic 00:06
It was probably late 94' early 95' and you could g...
And it was all very rough, you know there was mostly text. - General Magic 00:05
And it was all very rough, you know there was mostly text.
Uh, having graphics was leading edge and we were working on this rich multimedia system - General Magic 00:16
Uh, having graphics was leading edge and we were working on ...
This other force had appeared and we weren't looking at it, you know. - General Magic 00:04
This other force had appeared and we weren't looking at...
We were in bed with AT&T with our private cloud. - General Magic 00:04
We were in bed with AT&T with our private cloud.
The whole point about having a closed network is that people had to pay to use it, - General Magic 00:08
The whole point about having a closed network is that people...
The problem was pivoting toward the World Wide Web, that would have meant cannibalizing - General Magic 00:13
The problem was pivoting toward the World Wide Web, that wou...
I have to invest the time, the time to keep banging on the web - General Magic 00:12
I have to invest the time, the time to keep banging on the w...
But even though it was all here, right in front of us, - General Magic 00:08
But even though it was all here, right in front of us,
One of our developers, Pierre Omidyar, very quiet, soft spoken guy. - General Magic 00:06
One of our developers, Pierre Omidyar, very quiet, soft spok...
He had a Webpage, and down at the bottom it had a click through called Auction Web. - General Magic 00:05
He had a Webpage, and down at the bottom it had a click thro...