Former Apple CEO John Sculley Invests In New Tech Start-Up
If the tech world had the equivalent of VH1's "Where Are They Now?" former Apple CEO John Sculley (pictured above next to Jobs) would make a great subject for the program. On Monday, Sculley's name surfaced once again in the tech world as a result of the one-time Apple chief's financial investment in an intriguing new start-up.
According to a report in The Boston Business Journal
, Sculley - the man who replaced Steve Jobs as CEO of Apple in the 1980's - has invested in a "small, stealthy start-up" that manufactures wearable health sensors.
The company receiving Sculley's backing is Salem, N.H.-based Misfit Wearables Corp, the alleged brainchild of Sonny Vu, a medical device entrepreneur formerly behind blood-sugar test developer AgaMatrix. AgaMatrix is known for having released a successful and popular iPhone-compatible diabetes monitoring device.
The Boston Globe
says the company's latest fundraising efforts brought in $750,000 from Sculley, Vu and AgaMatrix co-founder Sridhar Iyengar.
Sculley, now 72, resides in Palm Beach, Florida and remains a partner in Sculley Brothers, a private investment firm now seventeen years old.
Source: Boston Business Journal