GUEST BLOG: Overheard in the Greene Room: Conversations with the author of "Adventures of an Apple Founder" by Kerima V. Greene, Senior Talent Producer, Power Lunch
Three men founded Apple Computer on April 1, 1976.
And while we're all familiar with Steve Jobs and Steve Wozniak, you probably have never heard of Ronald Wayne, Apple's third-co-founder, who bailed out early, and gave up his ten percent stake in Apple for $800.
Had he kept it, that stake would be worth $35 billion today
But he insists he has absolutely no regrets.
Wayne, now 78 and living in semi-retirement in Pahrump, Nevada, tells CNBC he first met Jobs while working as an as chief draftsman for Atari, back in the 1970s.
He was 42 at the time and brought on as "adult supervision' to Apple Computer, an idea originally hatched during their time at the Homebrew Computer Club.. Wayne drafted Apple Computer's original incorporation document, wrote the manual for the Apple I computer, and even designed its first logo, depicting Isaac Newton sitting under a tree.
His participation in the startup gave him a ten percent ownership stake.
But weeks into his role, and worried about being the only founder with assets that could be seized by creditors, he decided to walk away.
He knew in his heart of hearts the business proposal was sound, Wozniak's hardware a winner and Jobs' vision clear.Page 1 of 4 | Next Page