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Livingston: What about your board Greenspun: We were supposed to have two outside board members to break this kind of deadlock. They were subject to the venture capitalists approval, and they wouldn t approve anyone. I d say, What about this MIT professor And they d say, No, he s not qualified. What about this person who s started and run a $100 million company Not qualified. They never proposed anyone themselves, and whoever I proposed, they shot down. Basically, with their CEO that they brought in, they had a three-to-two board majority no matter what. And they said, We re going to run this company. We re going to make all the decisions, and you re just going to be a figurehead. I got very upset. It was a difficult time for me. I didn t have enough perspective to realize . . . A couple of my friends, John Gage and Bill Joy, the founders of Sun I know John, and I don t think he d be upset if I told this story he would scream and yell about the direction that Sun was taking and how bad it was, and Bill Joy would say, C mon, John, calm down, it s only a company. Which is the right perspective to have, but I didn t have that distance. If I had been on the board of somebody else s company and the same kind of thing was going on, I could have probably contributed in a more positive manner just by having less emotional stake in the matter. Remember, I d financed the company and I owned most of it, so it was a big asset for me. It was my only asset, basically. It was just too personal. So after about 6 months, because they had no management experience, no P&L experience, no engineering experience, and no numbers experience, they couldn t see that what I was telling them was right and that they were headed for some serious financial and customer losses. They just thought I was injuring their self-esteem that s what they said. They basically fired me and all but one of my cofounders. They pushed them out of the company within a month or two. I d been fired 2 months after they came in; I just didn t know that I d been fired. I was still getting a paycheck, but nobody was listening to me. They were telling people, Don t listen to him; he doesn t have any power. I was chairman of the board. I d been fired probably within a month and half, but it took me 6 months to realize it. They finally said, OK, you re fired now, but you can still be on the board. I initially thought, Maybe this is good. I was sitting in my bathtub reading the New Yorker magazine, and I realized that I d been psychotic. That I d thought, If I don t write software, people won t have any software. If I don t write books on how to do things, nobody will learn how to do things. If I don t teach at MIT, these students will never learn anything. It hit me: I could sit here in this bathtub for the rest of my life reading the New Yorker magazine, and Microsoft will eventually write all the software that people need, and maybe it will be clunky and expensive, but so what It s not my problem. They ll get the software they need, eventually. If I don t teach at MIT, they have $5 billion in assets, and they ll be able to hire somebody much better than I am to teach these kids.
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