Watch a recently rediscovered Steve Jobs lecture where he talks about leaving Apple and what he's learned about management

In 1992, Steve Jobs was in exile.

The Apple founder had been kicked out of the company and had been building his new computer company, NeXT. (Apple bought it in 1996, bringing Jobs back.)

That's the context in which Jobs gave a wide-ranging lecture to MIT MBA students in the spring of 1992, set up by one of Laurene Powell's siblings.

The man who would end up spearheading the development of the iPhone ended up talking for over an hour and taking questions about several topics he didn't address later in his career, including his management style, his closest competitors, and how he felt when he left Apple.

MIT recently unearthed the video and uploaded it to YouTube. If you don't have an hour, we've pulled some of our favorite highlights below: