The document discusses Apple's vast cash reserves exceeding $100 billion and proposes the creation of a venture capital fund named 'ivc' with a $1 billion corpus to support entrepreneurs and startups. It argues that such a fund could generate significant deal flow and foster innovation, leading to the potential emergence of future industry leaders similar to Apple. The proposal also suggests that establishing ivc in various countries could enhance local entrepreneurship while managing tax efficiency for Apple's overseas cash.

1. What Apple could do with
its 100+ Billion Dollars
By Alok Rodinhood Kejriwal

2. The facts
• Apple has 100+ US$ Billion (approx.
Rs.500,000 Crores) cash, sitting in
its treasury, comprising its retained
profits.
• Apple is further adding approx
1 US$ Billion (approx. Rs. 5000
Crores) a week to its cash pile since
Dec 2011 as retained profits.

3. Apple proposes
To dividend out and buy back 45
Billion US$ worth of cash and
stock from its treasury over the
next 3 years.

4. My question is
Can Apple do better than this?

5. I propose : iVC!
From its 100+ Billion US$ treasure
chest, Apple starts a Venture
Capital Fund called ‘iVC’ with a 1
Billion US$ corpus.

6. Why iVC would work
• Apple excels in design, material
sciences, logistics, manufacturing,
supply chain management, store
designs, software, hardware,
communications, etc, etc, etc.
• Is there anything that Apple does not do
well?
• Apple INSPIRES entrepreneurs.
Very few VCs do!

7. Why iVC is a
win-win for Apple
• In the next 3 years, net of payouts,
Apple will have approx. 150+ Billion
US$ in its banks. So 1 Billion US$ won’t
be missed*
*assuming that it loses the entire 1 Billion US$!.
• When investments are made without
‘expectations’, they usually perform the
best**
**wisdom gathered from the ages.

8. There will be enormous
Entrepreneur ‘pull’ for iVC
• Ask any Entrepreneur:
- If she would ‘like’ to get funded by
Apple?
- I guess you know the answer!!!
• This ‘entrepreneur fervor’ will
guarantee ‘deal flow’ into iVc!!

9. A Billion US$ could...
• Could mean 1000 Companies, each getting
1 Million Dollars startup capital!
• The balance cash for the startups could
come from the 1000s of VCs who will line
up* to invest in these Companies
*like the line we see outside Apple stores when a
new iPad is released.
• Apple could probably single-handedly
create another 1000 Apples of the future!

10. A small issue -
an elegant solution?
• 65% of Apple’s current 100 Billion
US$ are held overseas. This money is
not being brought back into the USA
for tax efficiency purposes.
• Imagine if ‘iVC’ could be started up in
say the 50 countries that matter most
to Apple! That would do lots of justice
to the locked money held there, and
inspire local entrepreneurs!

11. Long term patience
= Investment ethos
• Who can teach Apple the value of
patience and building a Company for
the long run?
• That ‘waiting philosophy’ could work
wonders in supporting these invested
entrepreneurs who need to take their
time to grow their awesome
Companies.

12. Funding Pitch
Could just be
“Would Steve build this?”

13. Operating Role
• Depending on the Entrepreneur's
perspective, iVC could play an active
or inactive role in operations.
• The Apple Company could provide
instant testing grounds for so many
new ideas (without the entrepreneur’s
fear of being cheated or
compromised)!

14. It’s all about Karma
• Steve Jobs created a legacy and a
bank of Karma that has its share of
positive and negative hues.
• iVC would liberate Apple and Steve
Jobs forever.
• This would be true Nirvana for
Apple and Steve Jobs!

15. The Me-Slide!
I can easily be reached!
e-mail - alok@rodinhood.com
FB - facebook.com/rodinhood
Twitter - @rodinhood
Blog - rodinhood.com
Personal Social Network -
therodinhoods.com

16. Thank You!