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Day in Tech History: April 12, 1976: Apple’s 3rd Co-Founder Ronald Wayne
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.
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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 (https://s.w.org/images/core/emoji/11.2.0/72x72/1f609.png)
* Sega is guilty of intentional patent infringment
* First commercial SPAM is reported.
* Cisco discontinues the popular Flip brand camera
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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 (http://www.dayintechhistory.com/feed/podcast) - iTunes (https://itunes.apple.com/us/podcast/day-in-tech-history/id327099657) - Google Play (https://goo.gl/app/playmusic?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&link=https://play.google.com/music/m/Iz4h5tnpyty3omnj2ocsmbwebdm?t%3DDay_in_Tech_History) Twitter (http://twitter.com/dayintechhist) - Facebook (http://Facebook.com/dayintechhistory)
- RSS Bandwidth by Cachefly (http://www.cachefly.com/) Get a 14 Day Trial
Be a Part of the Sconnie Geek Nation! (http://patreon.com/geekazine)
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 (https://s.w.org/images/core/emoji/11.2.0/72x72/1f609.png)
* Sega is guilty of intentional patent infringment
* First commercial SPAM is reported.
* Cisco discontinues the popular Flip brand camera