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. Matsushita acquires MCA Yahoo! stock hits $475.00 Computer was Time Man of the Year