The Bad PlaceTimes of India | 'Never sold my stake for $800': Apple co-founder Ronald Wayne reveals truth about viral 'missed opportunity'
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Ronald Wayne, the often‑overlooked third co‑founder of Apple, clarified at the recent Apple@50 event that he never sold his original 10 % stake for $800 as the popular myth suggests. Wayne explained that he drafted Apple’s initial partnership agreement and helped create the first logo, but walked away twelve days later in 1976 because, before Apple was incorporated, the partners faced unlimited personal liability—especially after securing a $15,000 order for 50 Apple I computers. The modest $800 payment he received was, in his view, merely a “tip,” not a buyout of his equity. He emphasized that his share was earned when the company was formed on April 1, 1976, and that his departure was a precaution against potential debts, not a missed financial opportunity. Today he continues to work on engineering projects focused on performance and power‑efficiency.
#Apple #RonaldWayne #SteveJobs #SteveWozniak #ComputerHistory #ByteShop #Apple50 #AppleI #
Ronald Wayne: 'Never sold my stake for $800': Apple co-founder Ronald Wayne reveals truth about viral 'missed opportunity' - The Times of India
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