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A College Drop-Out's Commencement Address

BY Fast Company staffTue Jun 14, 2005 at 6:41 PM

Apple's Steve Jobs showed up at Stanford over the weekend to deliver the 2005 commencement address to grads. As these perfunctory and stereotypical speeches go, this is a very good one filled with personal revelation and reflection.

Among other things, he notes that after he dropped out of college,he slept on the floor in friends' rooms and returned Coke bottle for the 5-cent deposits to buy food. Every Sunday night, Jobs said he walked seven miles across town to a Hare Krishna Temple to get one good meal a week. "I loved it," Jobs said. "And much of what I stumbled into by following my curiosity and intuition turned out to be priceless later on."

Steve also reflects on his very public firing from Apple by John Sculley, the CEO who he had recruited from Pepsi-Cola. At the time, Steve was all of 30 years of age. "What had been the focus of my entire adult life was gone, and it was devastating. I really didn't know what to do for a few months. I felt that I had let the previous generation of entrepreneurs down, that I had dropped the baton as it was being passed to me. I met with David Packard and Bob Noyce and tried to apologize for screwing up so badly. I was a very public failure, and I even thought about running away from the Valley. But something slowly began to dawn on me. I still loved what I did. The turn of events at Apple had not changed that one bit. I'd been rejected but I was still in love. And so I decided to start over."

We're glad he did.

Topics:

Leadership, Apple Inc., Steve Jobs, Stanford, Coca-Cola Classic, John Sculley


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Recent Comments | 5 Total

June 15, 2005 at 11:12am by steven morris

With all the faults and failures (as well as successes) what we have most to learn about Steve Jobs is his passion. I'm glad to see and hear of the famous and elite speaking from and about the heart. His passion, it seems, has shown through with the success of Apple and Pixar.

June 15, 2005 at 11:27am by Sachin Arora

thanks john!
i read the whole speech, it was honest & inspiring!
keep it up, keep finding these gems ,again thanks very much from all Fast Comapny readers.

June 15, 2005 at 9:20pm by Jijesh

John,
This is a wonderful post. Thank you for posting this. Read the speech, very inspiring.

August 3, 2005 at 11:22am by Prashant

WOW! all three stories are great,
Living on Hare Krishna Meals to a 2 Billion Co.
Getting Fired from your own co. only to get back anew.
and lastly getting a new lease on life ...
Can olny happen to Steve Jobs. Inspiring

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