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Edministrator
Join Date: Aug 2003
Location: SF east bay
Posts: 25,227
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Quote:
Originally Posted by GH85Carrera

Apple's third co-founder Ronald Wayne, sold his 10% stake for $800 in 1976. (The stake is currently valued at $270 billion).
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Yikes!
Ronald Gerald Wayne (born May 17, 1934) is an American retired electronics industry business executive. He co-founded Apple Computer Company (now Apple Inc.) as a partnership with Steve Wozniak and Steve Jobs on April 1, 1976, providing administrative oversight and documentation for the new venture. Twelve days later, he sold his 10% share of the new company back to Jobs and Wozniak, for US$800 (equivalent to $4,300 in 2023), and one year later accepted a final $1,500 (equivalent to $8,000 in 2023) to forfeit any potential future claims against the newly incorporated Apple.
https://en.wikipedia.org/wiki/Ronald_Wayne#:~:text=Twelve%20days%20later%2C%20he %20sold%20his%2010%,future%20claims%20against%20th e%20newly%20incorporated%20Apple.
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01-29-2025, 10:18 AM
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