Ronald Wayne

April 12, 1976: Apple’s 3rd Co-Founder Ronald Wayne

Jeffrey Powers @geekazine apple, apple computer, apple logo, apple stock, april 1, assets, billions, cisco, co founder, commercial spam, debts, emoticons, Google, gotomeeting, iTunes, partnership agreement, patent infringment, position, reason, Ronald Wayne, RSS, SEGA, Steve Job, steve jobs, steve jobs and steve wozniak, steve wozniak, SteveWozniak, twitter 0 Comment April 11, 2019

April 12, 1976: Ronald Wayne gives up his 10% of Apple Stock

1976– What a position Ronald Wayne was in. He was the 3rd co-founder of Apple Computer on April 1 with 10% share. However, after two weeks Wayne sells his share for $800 back to Steve Jobs and Steve Wozniak. The reason why was because if the company was to go under, he would be liable for any debts incurred. While a solid reason why (Wayne had assets that couldn’t be risked in that nature), it turned out to be one of the biggest mistakes as Apple is grossed in the billions. Wayne designed the original Apple logo and wrote the partnership agreement.

Subcribe to Day In Tech History:

RSS Feed - iTunes - Google Play - Spotify
Twitter - Facebook

- RSS Bandwidth by Cachefly Get a 14 Day Trial

Be a Part of the Sconnie Geek Nation!

In Wisconsin, friends are called "Sconnies". Even if you're not from Wisconsin, you can be part of the Sconnie Geek Nation through my coverage! By pledging, you join the Geek Sconnie Nation! Plus, you help me cover costs so I can continue the coverage of Gadget tech, music tech, and geek culture through the shows.

emoticons are first suggested 😉
Sega is guilty of intentional patent infringment
First commercial SPAM is reported.
Cisco discontinues the popular Flip brand camera

Podcast: Play in new window | Download

Subscribe! Apple Podcasts | Android | RSS | More

Apple/ Day in Tech History

January 3, 1977: Apple Computer Corporation is Incorporated

Jeffrey Powers @geekazine 28 years, aggregator, apple, Apple Computer Corporation, Apple II family, apple introduces ilife, atlantic flight, bitcoin, Business_Finance, charles lindbergh, computer, computer machine, day, day in tech history, dubious honor, existence, Geek, Google, iTunes, man of the year, matsushita, mca, mental floss, person of the year, Personal computer, Podcast, Ronald Wayne, RSS, satoshi nakamoto, steve jobs, steve wozniak, stitcher, technology history, time magazine, trans atlantic, twitter, venture capital, Yahoo, yahoo stock, year 1983 0 Comment January 2, 2019

1977 – Steve Jobs and Steve Wozniak officially incorporate the Apple Computer Corporation. Mike Makkula jr. invests $250,000 in venture capital and becomes the first chairman of Apple.

They also decided to move operations of the company outside of Steve Jobs parent’s garage and rent a building in Coupertino. This was so they could improve production of the Apple II, which debuted on April 16,1977.

Of course, the third founder – Ronald Wayne – was not present as he sold his stake in the company earlier in 1976.