I’ve been using an Apple before they ever became mainstream. My first computer was an Apple IIe and I’ve always thought Apple only had two founders – Steve Jobs and Steve Wozniak. So when I read this article in the Mercury about another co-founder named Ron Wayne, I was quite surprised. Apparently, we never hear about Ron because he bailed out after just 12 days!
Afraid that Jobs’ wild spending and Woz’s recurrent “flights of fancy” would cause Apple to flop, Wayne decided to abdicate his role as adult-in-chief and bailed out after 12 days. Terrified to be the only one of the three founders with assets that creditors could seize, he sold back his shares for $800. In a place where risk and innovation are part of the accepted equation of change, he became Silicon Valley’s ultimate what-if story — Apple’s iMadeAHugeMistake.
Had Ron stayed a partner, he would be worth $22 billion today.Read more