Steve Jobs Had Product Leaders Run M&A to Prevent Deal Quotas
Chad Richard · 20VC: Why Strategic Investing Is Slow Motion M&A, Why Valuation Is The Hardest Element of M&A & What Determines Between Cash vs Stock Deals with Chad Richard, SVP of Business & Corporate Development @ Yelp · Nov 22, 2017 · at 4:32
Chad Richard, SVP of Business & Corporate Development at Yelp, discusses how Steve Jobs structured acquisitions during Richard's tenure at Apple.
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“Steve Jobs, who was still running the company at the time, had a pretty strong philosophy that if you have an M&A team who's being judged on how many deals a year they bring in, then you're going to be doing M&A just to do M&A. So what he did is he had the product leaders go ahead and lead up their own M&A efforts.”
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