The co-founder of Apple who sold his share for $800 (Excerpt)

Ron Wayne, who has never owned an Apple product recently purchased a Dell computer. Ron Wayne is usually just another gambler at
the Nugget Hotel & Casino in Nevada. He
comes here a couple of days a week to try his luck on the video poker machine. But on this trip, he drew some curious onlookers, as he was escorted by a CNN camera crew. A gift- shop worker asked him if he’s famous. “Well, I’m one of the founders of Apple Computer,”
Wayne responded. Wayne, 76, is used to the puzzled looks. He said people assume that he must be living in a mansion.
“I’m living off my Social Security and I do a
modest trade in collectors’ stamps and coins,” he said. The irony of being inside a casino is not lost on Wayne. After all, if his short-lived career at Apple had gone differently, he would be holding a different kind of winnings: 10 percent of Apple’s stock.Today, that stock would be worth $22 billion.Wayne left Apple for only $800.”What can I say? You make a decision based on your understanding
of the circumstances, and you live with it,” he said.Wayne’s tenure at Apple began on April 1, 1976. His name is signed on the legal document that established Apple — next to those of Steve Jobs and Steve Wozniak, the Silicon Valley giants most people associate with the popular tech company, which makes the iPhone and iPad.Jobs and Wayne had become friends a few years earlier while both were working for the Atari Corporation.”We did get fairly chummy, had lunch together,
dinner together and had conversations,”he
said. As Wayne tells it, Jobs asked for his help in drafting documents and mediating a dispute between Jobs and Wozniak. He also drafted the company’s first logo and operating manual. For this work, Wayne was awarded a 10 percent stake in Apple.”What Jobs had in mind was that he and Woz [as Wozniak is sometimes called] should each have 45 percent and I would have 10 percent as mediator in any dispute that would come up,”he said. That account is backed up by other reports. In Steve Wozniak’s autobiography, “iWoZ,” he described Wayne as “one of those
people who seemed to have a quick answer
for everything.””He seemed to know all the
things we didn’t,” Wozniak wrote. “Ron ended up play a huge role in those very early days at Apple.”But Wayne had early misgivings. He had been unsuccessful in starting a slot-machine manufacturing business. He racked up thousands of dollars in debt.With Apple, he was concerned history would repeat itself.

You can follow Dami on twitter
@dami_cole

Posted with WordPress for BlackBerry.

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