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What happened to Ronald Wayne after he sold his 10% stake?
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Apr 12, 2012 · On April 12th, 1976, one of three co-founders of Apple Computer sold his 10% stake in the company for $2,300. Ronald Wayne says he made the “best decision with the information available to me at...
Apr 12, 2022 · April 12, 2022 11:46 AM | 2 min read. Zinger Key Points. Ronald Wayne’s stint at Apple did not last very long. After 12 days with the company, on April 12, 1976, Wayne had his name taken off of the...
Aug 14, 2016 · Ron Wayne was the third co-founder of Apple Computer, but he soon sold his 10% share in the company for a mere $800.
- Ron Wayne’s Early Days
- Meeting Jobs and Wozniak at Atari
- Ron Wayne, The Unknown Apple Co-Founder
- The Original Apple Logo
- The Years After Apple
- Ron Wayne’s only Regret
- Ron Wayne Could Have Been A Billionaire
Unlike both Jobs and Wozniak — baby boomers born in Silicon Valley during the 1950s — Wayne was born in 1934, in Cleveland, Ohio. He trained as a technical draftsman at New York’s School of Industrial Arts, then left to head west to California. He arrived there in 1956, the year after Jobs was born. Wayne’s first stab at business was a company sell...
Wayne wound up working at Atari in the 1970s, where he befriended Jobs and Wozniak. “I admired Ron for his experiences and tales of being with startups,” says Wozniak. “Most of all I was impressed, as a young person might be, by [his] worldliness. He was well-educated on many topics of life and was skilled and creative at many as well.” Wayne descr...
Nonetheless, Jobs kept Wayne in mind and invited him to join Apple as a c0-founder. One of Wayne’s earliest tasks was drawing up the legal contract that described the roles he, Jobs and Wozniak would play in the company. “He could sit down at a typewriter right in front of us and type a legal partnership agreement out of his head,” Wozniak says, am...
Wayne also drew Apple’s first logo. Mimicking the style of a Victorian woodcut, the logo depicted Sir Isaac Newton sitting beneath a tree with a solitary apple dangling over his head. Around the border ran a quotation from William Wordsworth’s The Prelude: “A mind forever wandering through strange seas of thought, alone.” Less than a year later, th...
As the movie The Social Networkdetails, the departure of early founders from highly profitable companies can result, at best, in ruined friendships. At worst, such splits can lead to ongoing lawsuits. Neither of those happened in the case of Ron Wayne. Jobs and Wozniak took Apple public in December 1980. Wayne, meanwhile, went to work for a small e...
The only part of the Apple experience Wayne says he truly regrets is what happened to the original Apple contract he created. Not long after his lunch with Jobs and Woz, he was scouring a newspaper and ran across an ad placed by an autograph dealer. “I had this Apple contract sitting in my filing cabinet, covered in dust and cobwebs, and I thought,...
He illustrates his perspective with one last anecdote. Ten years ago, at the age of 70, Wayne says he was robbed of his life savings. He was living in Florida at the time, and he kept 145 ounces of gold and $3,000 in silver coins in a strongbox in his house. “The safe was broken into, the money was stolen, and I never did recover what I had lost,” ...
May 23, 2020 · This man sold shares worth over $95 billion for just $800 | Photo Credit: Twitter. Key Highlights. Wayne provided administrative oversight and documentation for the new venture. While both Jobs and Wozniak were young and broke, Wayne had assets, including a house.
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. I think the universe just doesn't want Ronald Wayne to make any money from that company.
Apr 23, 2016 · For reasons that are both interesting and relevant to today’s discussion, he sold his stake for a mere $800. Had he held onto to it, that 10 percent stake would today be worth $62.93 billion of Apple stock.
