Sells out of company
The Michelangelo fiasco destroys McAfee’s reputation within the company, and he is forced out. He cashes out most of his stock for $100 million. He purchases a 280-acre compound in Woodland Park, Colorado for $25 million. The estate includes a 10,000-square-foot mansion, two apartments, and nine guest cabins.
Under a new company called Tribal Voices McAfee develops PowWow, one of the first Internet instant messaging and VoIP clients.