whatilearned
Read more: https://www.cultofmac.com/475927/ron-wayne-quits-apple/#:~:text=April%2012%2C%201976%3A%20Apple’s%20third,to%20properly%20invest%20in%20Apple.
TIL There was a third Apple co-founder. Ronald Wayne who sold his 10 percent stake in Apple for $800 in 1976. This would be worth approximately $35 Billion dollars (USD) today.
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Has someone checked up with him, to see he’s OK?
Wayne has stated in following decades that he does not regret selling his share of the company, as he made the “best decision with the information available to me at the time”. He said he had originally believed that the Apple enterprise “would be successful, but at the same time there would be significant bumps along the way and I couldn’t risk it. I had already had a rather unfortunate business experience before. I was getting too old and those two were whirlwinds. It was like having a tiger by the tail and I couldn’t keep up with these guys.”
In the early 1990s, Wayne sold the original Apple partnership contract paper, signed in 1976 by Jobs, Wozniak, and himself, for US$500. In 2011, the contract was sold at auction for $1.6 million. Wayne has stated that he regrets that sale.
Oof. 😥
It’s be a bit more than that given their current market cap is $2.7 trillion. If he still held the full 10% stake he’s be worth $270 billion
I’ll bet he’s sick.
Somewhere in a parallel universe Wayne never sold out and helped run the company. In this reality, Apple never really takes off and the three partners end up staying at Atari and eventually buying out the company. Their brilliance pushes Atari to the top of the console wars beating out Sony and Nintendo. Microsoft never entered the console market concentrating on next-level PC gaming.
Paperhand bitch.
Don’t remind me of missed opportunities..