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Exit Interview: Jeff Hawkins, inventor of the PalmPilot (continued)

So, my reasons for leaving, in a nutshell, are basically to get back to a small environment which I like, and to work with the products that I think maybe should be done in a separate company. Maybe not, but it's probably better that way. Donna's mostly leaving cause she would like to be back in a small company setting. That's her main reason. And we're excited. There's a lot of opportunity here. We think this market's just getting started and there's room for lots of players.

"I've always been interested in that demographic, in seeing how kids use the product."
DG: You guys are certainly very hot at this point. I'm sure that from an investment community point of view you can probably write at least something of your own ticket.

JH: Well, we canÉ.I mean, all startup companies are risky. I don't want to get smug about our chances of success here. But I think it's true that we are a known quantity and we have produced a very successful company. There's no difficulty of raising funds and capital and getting people to help join this and so on -- if we chose to do that. We've had lots of offers from investors. More than I can shake a stick at.

DG: Sometimes it's a problem like to have, and other times it's likeÉgee, this is a challenge.

JH: It's funny. When I started Palm the first time, it was actually fairly easy to raise money. I didn't raise a lot. I raised 1.3 million dollars. And we raised some more. It was fairly easy. It was only towards the end of Palm -- before Palm was sold, when we were just about to introduce the Pilot -- that we actually had trouble raising money. So we started out being easy to raise money and it getting really hard to raise money just when it should have been easy to raise money. And now it's easy again.

"None of the current Palm employees are joining us at this time. I won't say that in the future that some of them might not join us. They might."
DG: We talked back in January you told me about the original 28 who came into 3Com and US Robotics with you from Palm. Are any of those folks gonna be going to be moving out back to the original small company environment?

JH: Well, today, it's just Donna and myself. We haven't announced what we're doing or who is going to be working with us and so on. And there are none of the current Palm employees who are joining us at this time. I won't say that in the future that some of them might not join us. They might. But there's nothing really announced and no one's left today.

DG: What's their general feeling about this. Are they going to be sort of missing their two coaches or they're comfortable in their environment?

JH: There's a lot of people at Palm these days. There's somewhere around 400 employees there. On the one hand I say it's hard to leave and I think that many of them will miss us. And we are going to miss them and it's always hard parting. But, you know, big companies aren't just one or two people. They're big companies and we have a lot of talented people. Donna and I hired the best people we could over the years. I think although they'll miss us perhaps on a personal level and perhaps on a leadership level, I think there's some really great people there who can fill in our positions. We wouldn't have done a good job building that company if that wasn't so.




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