MISLEADING
Jobs' hiatus lasted twelve years, not five, and he acquired Pixar rather than starting it.
“During his five-year hiatus from Apple, Steve Jobs founded the companies NeXT and Pixar.”
Hello there! It’s a common story, but the details are a bit more complex than they seem. While Steve Jobs was indeed involved with both companies, the claim is misleading regarding the timeline and his role at Pixar. First, Jobs' time away from Apple actually lasted about 12 years (from 1985 to 1997), not five [9, 11]. The five-year figure often comes from a famous 2005 speech where Jobs mentioned his activities 'during the next five years' after leaving Apple . Regarding the companies, Jobs did found NeXT Inc. in 1985 with his own capital and former Apple employees [5, 7, 11]. However, his involvement with Pixar was different; he purchased an existing division from Lucasfilm in 1986 . While Jobs is often called a co-founder because he established it as an independent entity, the vision and technology for Pixar actually 'predated Jobs by at least a decade' . He was primarily the financial backer and leader who helped the existing team grow into an animation powerhouse [2, 6, 12].
Sources
13Because “trust me bro” isn’t a source.