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But we saved everything 🙂.
Turner Novak suggests that Tim Cook saw the potential for hundreds of billions in annual free cash flow following the company's successful hardware business and decided to step away.
The comment highlights the scale of financial returns anticipated after establishing a strong hardware foundation.
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Novak has previously highlighted venture capital interest in later-stage valuations, noting that VCs were prepared to invest in Instinct at a $50 billion valuation after early rounds were missed. In a separate observation, he reported on a startup aiming to raise $100 million using a pitch deck comprised solely of American flags by the weekend. These comments reflect Novak’s ongoing tracking of capital-raising tactics and investor sentiment in the technology sector.