The Forgotten Apple Founder's Unforgettable Mistake

Illustration for article titled The Forgotten Apple Founder's Unforgettable Mistake

Click to viewIn 1976, Steve Jobs and Steve Wozniak founded Apple with veteran engineer Ron Wayne. Ten days later, Wayne signed away his 10% of the company in exchange for $800. Here's what he's up to thirty-four years later, $22 billion poorer.


Wayne's life now—septuagenarian, coin collector, penny slot enthusiast—might seem pretty bleak. Which is why it's all the more remarkable that he speaks without much bitterness. And while hindsight is perfect, it's not so unbelievable that the Wayne of 1976 had sufficient cause to worry about assuming the fledgling company's potentially massive debt. Or that you or I would have done the same.

The only hints of sour grapes: Wayne's never owned an Apple product, and is writing a book about his brief time as a founding father. Even so, the impression one gets is a man filled more with regret than with anger, over a choice that can't be undone or forgotten. [CNN via The Next Web]


MAKE2 Mifune

Ouch. And I'm still kicking myself in the ass for not investing in Intel and Morgan Stanley in Oct 08 when they hit rock bottom. (I'd be $100K richer, after taxes).