What challenges did Pixar face?

Pixar faced significant challenges, particularly when it came to their IPO and film production. Here are some key difficulties they encountered:

1. IPO and Financial Strategy: Pixar's decision to go public was controversial and fraught with potential risks. They had to ensure they had a "war chest" to negotiate as equal partners with Disney after releasing "Toy Story." One of the main concerns was how being a public company might influence their values and directions due to Wall Street expectations. Ultimately, Steve Jobs' foresight in insisting on going public allowed Pixar to secure necessary funds, leading to successful renegotiations with Disney 1.

2. Film Production Difficulties: Every film posed its unique challenges, with some being exceptionally difficult. Even sequels, despite expectations of being easier, proved tough due to the need to innovate within pre-established worlds. Navigating these challenges often involved the entire team, particularly the "brain trust," a group of colleagues who helped directors who were emotionally invested and sometimes lost in their projects. There were instances where films had to be restarted or abandoned entirely when they weren't working 2.

These challenges underscore the complexity of managing both creative and financial aspects to maintain Pixar's success.