Back in the mid-90s, Bowles helped put together the funding for Power Computing, the first company selected by Apple to make Mac clones. The investment paid off big-time when Steve Jobs came back in 1997 and bought Power Computing for $100 million, just to kill the company off.
Around the same time, Bowles did it again. He helped put together funding for a company called Panorama Designs, which put together the first Mac laptop clones. Motorola eventually bought Panorama Designs for $130 million, but when Jobs came back to Apple, he made sure Motorola (who designed all of Apple’s PowerPC chips) was too petrified of losing their contract with Cupertino that they let their new acquisition just die.
Fast forward fifteen years, and Bowles has figured out a new way to make money off of Apple designs. Unlike his forays in the 90s cloning Apple devices, though, Bowles’s nw company does something different: they make ATMs that buy people’s old iPhones, iPods and iPads for cash on the spot.