Then we might think of somebody else besides Batman when we think of a billionaire named Mr. Wayne.
Of course, there was obviously no way to know that the company he helped found with Steve Jobs and Steve Wozniak would go on to be the world's most valuable company.
And at the time he sold his 10% stake, Ronald Wayne was the only one of the three founders in any position of risk if the brand new start-up went belly-up. From :
Legally, all members of a partnership are personally responsible for any debts incurred by any partner; unlike Jobs and Wozniak, then 21 and 25, *Wayne had personal assets that potential creditors could seize. The failure of a slot machine company that he had started five years earlier also contributed to his decision to exit the partnership.
So Wayne mitigated his risk, selling his 10% stake for $800 and also later taking *$1,500 to never be able to seek any more claims from Apple.
Today, his share would be worth just under $60 billion.
#apple #history #ouch #startup #ultravps
photo via user Kartingf1Fan
Lytro Illum Light Field Camera - Lytro Light Field Camera
The Illum uses revolutionary light ray capture technology to create interactive images in three dimensions
A Dictionary of Symbols - Juan Eduardo Cirlot - Google Books
books.google.co.uk - Humans, it's said, are symbolizing animals. At every stage of civilization, people have relied on symbolic expression,
Caran d'Ache Caelograph Zenith 45, 23 diam, Rose Gold Massif Fountain Pe...
Caran d'Ache Caelograph Zenith 45, 23 diam, Rose Gold Massif Fountain Pen from Caran d'Ache - buy yours today with fast delivery from The Pe
Jay Lumen It's All About Me Chart (august) :: Jay Lumen
The new EP with Green Velvet is out now! http://www.beatport.com/release/its-all-about-me/1351030