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(MacWorld) Cool Sotheby's to auction Apple's founding contract, complete with signatures of Steve Wozniak, Steve Jobs--and Ron Wayne, whose $800, 10% share he sold back to the Steves days after signing would be worth a cool $3.5 billion today   (macworld.com) divider line 17
More: Cool, Steve Wozniak, Steve Jobs, Ron Wayne, Sotheby's, Walter Isaacson, rare book, market capitalization, Computerworld  
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691 clicks; posted to Geek » on 29 Nov 2011 at 12:23 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



17 Comments   (+0 »)
   
 
2011-11-29 12:25:43 PM
Cue the HA HA! guy.

Both of them, actually.
 
2011-11-29 12:29:26 PM
10% of $345 billion is $34.5 billion...
 
2011-11-29 12:31:48 PM
So why doesn't Apple already own this? Shouldn't this be in their vaults somewhere?
 
2011-11-29 12:31:53 PM
He sold for $2,300, actually.

It's really a sad story of a man who was only willing to make calculated risks and thought that going into business with a couple of kids was going to end up bankrupting him.

Link (new window)
 
2011-11-29 12:36:54 PM
AverageAmericanGuy: He sold for $2,300, actually.

It's really a sad story of a man who was only willing to make calculated risks and thought that going into business with a couple of kids was going to end up bankrupting him.


It's sad for him, but I'm sure there were lots of guys at the time who went into business with a couple kids and *did* end up going bankrupt. Wayne included -- his previous business ventures were not successful, so once bitten, twice shy.

In recent interviews I've seen with him, he actually doesn't seem at all bitter, so bully for him.
 
2011-11-29 12:50:01 PM
upload.wikimedia.org

Pete Best feels his pain.
 
2011-11-29 01:03:11 PM
AverageAmericanGuy: He sold for $2,300, actually.

It's really a sad story of a man who was only willing to make calculated risks and thought that going into business with a couple of kids was going to end up bankrupting him.

Link (new window)


Pete Best laughs at him.
 
2011-11-29 01:36:09 PM
Did ya notice that Jobs signature is all lower case letters?

I guess he was kinda douchey even back then.
 
2011-11-29 01:37:43 PM
Had Wayne stayed on in the company's management, it's likely that many of the most influential events of Apple's history -- from the development of the Macintosh, to Jobs's ouster, to Job's return -- would have gone down differently.

Most likely Apple would have gotten out of the business 20 years ago alongside Commodore and Atari, so his share of the Apple brand would be worth much less than $3.5 billion.
 
2011-11-29 01:55:50 PM
AverageAmericanGuy: It's really a sad story of a man who was only willing to make calculated risks and thought that going into business with a couple of kids was going to end up bankrupting him.

I saw an interview with him on a CNBC and PBS documentaries on Apple this fall, he is fine with what happened.

Basically he had other assets and if Apple went under creditors could come after him, so he divested himself of Apple and still did well.
 
2011-11-29 02:31:21 PM
clovis69: AverageAmericanGuy: It's really a sad story of a man who was only willing to make calculated risks and thought that going into business with a couple of kids was going to end up bankrupting him.

I saw an interview with him on a CNBC and PBS documentaries on Apple this fall, he is fine with what happened.

Basically he had other assets and if Apple went under creditors could come after him, so he divested himself of Apple and still did well.


Did he not understand how limited liability works?
 
2011-11-29 03:47:50 PM
www.overthehillgamers.net
 
2011-11-29 04:20:07 PM
Moopy Mac: limited liability didn't exist in the 70s.
 
2011-11-29 06:34:12 PM
AverageAmericanGuy: It's really a sad story of a man who was only willing to make calculated risks and thought that going into business with a couple of kids was going to end up bankrupting him.

I get the idea that his wife badgered and hen pecked him into asking for his money back.........

Dames never take the right gambles.
 
2011-11-29 06:46:53 PM
Sure he could be rich...or dead of a heart attack 30 years ago from the stress of trying to wrangle Steve Jobs.
 
2011-11-29 07:26:06 PM
I wonder if his favorite song is the theme to M*A*S*H?
 
2011-11-30 03:43:22 AM
garandman1a: I wonder if his favorite song is the theme to M*A*S*H?

Close, actually. It's the Monster Mash.

/it was a graveyard smash
 
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