Microsoft rejection letter, 1987. (Scripting News)
In 1987, my company, Living Videotext, had a hit product -- MORE. It was one of very few products selling on the Mac platform, having shipped in the prior year. It led a new category we called Desktop Presentations. The other product in the category was PowerPoint, produced by a company named Forethought.
I had a meeting with Bill Gates at Esther Dyson's conference in 1987, and he popped the question every developer wants to hear -- Can we buy you? I said of course. So we started negotiation, agreed on a price and due diligence began. Then I got a letter from Frank Gaudette, the CFO of the company, and a phone call from Gates, saying they decided not to do the deal. They were buying our competitor, PowerPoint.
I totally wanted the deal. In 1987 Microsoft was freshly IPO'd. The deal was for stock, and its value had doubled while they deliberated. So I sent a letter basically begging them to do the deal, but I got back the rejection above. PowerPoint became a household name, and MORE did well, but I probably would have had more fun at Microsoft, and certainly would have made more money.
