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.
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.
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.
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.
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.
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.
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.
Full Day in Tech History podcast show notes for April 12
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.