Business ownership isn’t for everyone. Apple computers originally had three owners.
Unless you’ve been living in a cave, you know that Steve Jobs is currently at the helm. Steve Woziniak was also a co-owner. Oh, and there was a guy by the name of Ron Wayne. Almost no one remembers him, but he has an interesting story. Tweet this article
Ron Wayne sold his 10 percent stake in Apple for $800 just days after he helped found it. He later received another $1,500 for stepping away from the company.
That original Apple stock is now worth $22 billion.
According to Wikipedia, Wayne drew the first Apple logo, wrote the three men’s original partnership agreement,and wrote the Apple I manual. These original documents were composed on a typewriter because, well, the word processor hadn’t been invented, yet.
So, why did Wayne voluntarily leave Apple?
Today, Apple looks Steve Jobs touches now looks like an obvious goldmine? Legally all members of a partnership are personally responsible for any debts incurred by any partner; unlike Jobs and Wozniak, the older Wayne had personal assets that potential creditors could seize.
Wayne had also recently experienced the failure of a company he owned and was hypersensitive to failing again.
Wayne claimed that he did not regret selling the stock because he had made the “best decision with the information available to me at the time.”
People used to joke that the older Wayne served as “adult supervision” for the youngsters, Jobs and Wozniak. Wayne was 42-years-old when he met a 21-year-old Steve Jobs.
Wayne resisted Jobs’s attempts to recruit him back to to the company and has never owned an Apple product.
Ron Wayne holds a dozen patents, but has never had enough capital to make money off any of them.
Ron is planning to publish a memoir titled, Adventures of an Apple Founder, to be initially available exclusively on the Apple iBookstore, then most major book sellers later in 2011.
And that’s the story of Apple’s third co-founder, a man that got out as soon as he got the company started. A man that had failed and was fearful of failing again.
Never be afraid of failing. It’s the only way you’ll ever become successful.
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