2020 Hindsight

On April Fool’s Day 1976 Steve Jobs and Steve Wozniak founded Apple when they were 21 and 26 respectively.

Apple’s sales in that first year were $174K, 2nd year sales $2.7M, 2010 $65B, Q3 ’11 sales have already surpassed 2010.

There was a sometimes overlooked third founder, Ronald Wayne, then 42 whose role was largely experienced oversight with the younger Jobs and Wozniak. Wayne sold his non-dilutive 10% equity less than 2 weeks later for $800.00. Today those shares are valued at $35B.  Wayne didn’t doubt the vision rather other circumstances prompted his sale.  I was glad to read he has no regrets.

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