Interestingly, Sequoia Capital released a historic document: an early-stage investment evaluation form. In 1977, Apple Computer (then called Apple Computer) sought to raise approximately $600,000 for roughly 10% equity. The estimated market size was $500 million (over $500 million), with pre-tax profits of $60,000 in 1977 and a projected $700,000 in 1978.
The most interesting aspect is how investors evaluated the deal at the time. They felt the project belonged to a hot sector, but the price was too high, the equity stake too small, and the investment was difficult; it was even given only a medium priority rating.
But looking back, this company later became a trillion-dollar enterprise.
Many people are now looking for opportunities in crypto or AI, always seeking cheap, certain, and unchallenged projects. However, the reality is that once such projects become successful, it's usually too late. Apple was like that back then, and many opportunities today are similar. What you see now is high price, high risk, and many controversies, but in the long run, you'll find that the points of contention you had were actually just entry barriers.
Think about it carefully: Apple took 50 years to reach its current trillion-dollar status. Many things, viewed in the long run, are still opportunities. Be patient in learning, be patient in doing things, and when you encounter setbacks, first survive. As long as you're alive, there's always a chance to turn things around.
twitter.com/EnHeng456/status/2...
