1

I’m curious about Apple history, and this has puzzled me for a long time.

For any Apple fans like me, it’s a famous fact that Ronald Wayne sold his share of Apple very early on for only $800. Does anyone know why he sold it? I haven’t been able to figure this one out.

Improve this question
3
  • Since you are curious about Apple history, I suggest you browse through Folklore.org, a Web site containing dozens of anecdotes about the development of the original Macintosh. The Web Site is created and maintained by Andy Hertzfeld, a member of the original Apple Macintosh development team during the 1980s. There are a lot of first hand accounts that you will find interesting. A lot of Apple history is also collected in a book titled Revolution in the Valley.
    – Nimesh Neema ♦
    Commented Mar 25, 2018 at 21:14
  • @NimeshNeema Ooh, sounds cool! I’ll take a look.
    – Srevilo
    Commented Mar 25, 2018 at 21:16
  • I'm voting to close this question as off-topic because it's not about using Apple technology or products.
    – bmike ♦
    Commented Mar 25, 2018 at 21:38

1 Answer 1

Reset to default
1

From the Ronald Wayne's Wikipedia page:

Wayne received a 10% stake in Apple. Less than two weeks later, on April 12, 1976 he relinquished his equity for US$800. 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 he had started five years earlier also contributed to his decision to exit the partnership.

Here's an interview by Steve Wozniak, where he describes situation leading to Wayne's exit.

Improve this answer
0

Not the answer you're looking for? Browse other questions tagged .