Idea Almanac
“As I put down the phone after Steve told me about Morgan Stanley’s rejection, all of my fears about Pixar came rushing back. Perhaps I had allowed Steve’s exuberance and the bankers’ early enthusiasm to cloud my view of Pixar’s business risks. Before we had engaged Goldman Sachs and Morgan Stanley in discussions, I would have said that working with either one of them was a long shot. I wouldn’t have been at all surprised if they had turned us down. But somewhere in the process I had let myself believe they would want to go forward. That made the rejection sting all the more. Over the next couple of days, the magnitude of what had occurred sunk in.”
Excerpt From: Lawrence Levy. “To Pixar and Beyond.”- Amazon Link