Meet Ron Wayne: The Apple Cofounder Who Sold His 10% Stake In The Company For $800 In 1976

Meet Ron Wayne: The Apple Cofounder Who Sold His 10% Stake In The Company For $800 In 1976
News
Like Us On Facebook
Like Us On Facebook

When talking about Apple’s history, most people focus on cofounders Steve Jobs and Steve Wozniak, but a third initial investor is often neglected.

Meet Ron Wayne, the man who wrote the original three-man partnership agreement between Jobs, Woz and himself.

Wayne owned ten percent of Apple Computers when the three men founded it, and he contributed the original logo design, as well as original sketches for the first Apple computer.

After a dispute with Jobs just two weeks after founding the company, Wayne sold his shares to the other founding members.

“If you had your choice between Steve Jobs and an ice cube you would nestle up to the ice cube for warmth. It was essentially his way or the highway in many of his business decisions,” Wayne says.

Wayne, now 79, sold his share of the company in 1976 for $800 — a portion of the company that would be worth in the ballpark of $40 billion. Yes, with a “b.”

Despite losing out on the unthinkable fortune, Wayne says he has no regrets.

“I made a decision that allowed me to pursue my interest. I honestly don’t regret walking away at all,” Wayne said.

“I knew the Wozniak design for a personal computer was going to be a successful product. But who could have anticipated it would be what it is today?

“If I had stayed with Apple and accepted the limitations on my philosophy of life I could have well ended up the richest man in the cemetery. I was in my 40s, these kids were whirlwinds. It was like having a tiger by the tail.”

Despite his differences with jobs, Wayne and Wozniak are still close, and Woz even wrote the forward to Wayne’s autobiography.

The man chose a path that did not lead him to a vast fortune, but he chose not to compromise his ideals to be massively rich. Is he a fool, or a commendable man?

Photo courtesy Facebook 

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Jordan Shepherd

Jordan Shepherd comes from a strong writing background, originally residing in Grand Rapids, Michigan. Now living in New York City, his life experiences from backpacking across Europe to deep sea diving and nearly losing his life to a Great White Shark, Jordan Shepherd has a lot to say, and never pulls any punches.

More In News

World Sean Levinson

Blackmailers Threaten To Unleash Ebola If They Don’t Receive Ransom

The Czech government has received emails from people threatening to infect the public with Ebola unless a ransom of one million euros in Bitcoin is paid. The anonymous blackmailers claim to have obtained the virus from Liberia and warn that if their demands aren’t met, Ebola will be unleashed in Prague and then to the rest […]

World Gillian Fuller

Heart-Shaped Cloud Floats Above Bride And Groom At The Altar (Photo)

Noticing a heart-shaped cloud floating above you and your significant other on your wedding day is probably a good sign for what’s to come in the years ahead. So congratulations are definitely in order for John and Jessica Hardesty because on their wedding day, that’s exactly what happened. The outdoor ceremony, held in Idaho, took […]

World Adam Pliskin

Twins Spend $20K On Plastic Surgery To Make Sure They Stay Identical

Twin sisters Sara and Emma Koponen do everything together. They work out together. They eat together. They have even had identical plastic surgeries. The Swedish sisters are 25 years old and have spent over $20,000 on plastic surgery in order to change their bodies while looking exactly the same. They’ve had three boob jobs a […]

World Sean Levinson

People In Africa Are Being Urged To Use An Actual ‘Ebola Handshake’

The United States Ambassador to the UN, Samantha Power, has revealed what is now known as the “Ebola handshake,” displaying how anyone in the countries most affected by the outbreak should greet each other. Among those she’s demonstrated the new greeting with, Power touched elbows with Liberian President Ellen Johnson Sirleaf at a press conference on Tuesday. […]

Also On Elite

Sex

If It Was Good, You Would Know: 5 Things Men Need To Stop Saying In Bed

The bed is a magical, whimsical place. It’s a haven for passionate moments and, inevitably, passionate words. It’s also a place for sloppy drunk hookups and outrageous remarks. The latter is what we’ll focus on in this piece. For some reason, guys feel like they’re invincible after they have sex with a woman – and, […]

Life

Your Brother’s Opinion Of The Guy You Date Is The Most Important Of All

Brothers and sisters form a weird relationship. Women who grow up alongside men inherit distinct traits and personality quirks that can only come from years of flipped toilet seats and stepping on Hot Wheels. While there will always be that special relationship between sister and sister, the one of brother and sister is just as […]

Technology

Astrologer Says Mercury Retrograde Is Going To Mess Up Your New iPhone

One of the world’s most prominent astrologists is claiming that due to the current behavior of the planet Mercury, buying an iPhone 6 over the next few weeks will lead to disappointment. Time spoke with Susan Miller, founder of Astrology Zone, about why she believes it’s not a good idea to buy a new iPhone […]

Humor

Girl Can’t Handle Waking Up From Surgery Without Nicki Minaj’s Ass

Jayci just got her wisdom teeth out, and she’s upset. After waking up from her procedure, Jayci is crushed she doesn’t have the ass of Nicki Minaj nor the money of Ellen DeGeneres. Tough break, but we all have to come to terms with our basic asses eventually. While the video seems like a pretty transparent […]

Humor

This ‘Chainsaw Massacre’ Bathroom Prank Is Beyond Terrifying (Video)

Well, this is f*cking terrifying. A couple of practical jokers splattered fake blood in a public restroom, and one of them dressed up like a deranged mixture of Leatherface and The Joker to scare the crap out of their unsuspecting victims. The main perpetrator also held a chainsaw and chased strangers as he revved it. […]

Humor

This Bar’s Bathroom Has Peepholes Into The Strip Club Next Door

There’s an unspoken code when it comes to using the urinals in the men’s bathroom: Don’t talk, avoid standing directly next to someone unless absolutely necessary and, above all, do what you need to do and get out as quickly as possible. Most bathrooms don’t give people incentives to stick around. Unless staring at a […]