Home Tech Apple $22bn Poorer: How third Apple founder sold out for $800

$22bn Poorer: How third Apple founder sold out for $800


Interesting to read on Gizmodo today that Apple's third founding father (after Steve J and Steve Wozniak) decided to leave ten days after the company started and accepted $800 in payment for his 10 percent share. If he'd only held on he would now be 22 billion dollars to the good.  Ron Wayne, apparently, treats the whole business without bitterness. The most interesting aspect, though, is the colossal rise in the company's value in 34 years. Almost certainly cashing in his chips was a rational decision on his part in 1976, but I must say I would be feeling less than charitable were I in his shoes now. Poor guy.


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