Hindsight 20/20: 3rd Apple co-founder sold his share for $800. Woulda been a BILLIONAIRE.

[WheresWallace]

 

[the cac mamba]

 

[DrX]

this what happens when u don't gamble in life....paying it safe won't get u nowhere....itll make u live the status quo

 

[WheresWallace]

this what happens when u don't gamble in life....paying it safe won't get u nowhere....itll make u live the status quo

realest shyt you ever wrote.

 

[HarlemsOwn]

this is the biggest fukkin loss ever

 

[Vandelay]

Go sell crystal meth, brehs

 

[MikelArteta]

Even Brian dunkleman is laughing

 

[MikelArteta]

Even Brian dunkleman is laughing

 

[Trajan]

A bit of context.

I'm currently reading that Steve Jobs book and basically he was recovering from the bankruptcy of a failed business just before he joined Jobs and Wozniak to lay the foundations for Apple. As a result he was being very cautious (also had obligations as head of a young family). He did the right thing according to his situation at the time.

Of course with hindsight we can call him an idiot. But that's the beauty of hindsight.

At the time he was being asked to invest all his money with a bare-foot hippie (Jobs) and a child-like geek (Wozniak).

 

[WheresWallace]

A bit of context.

I'm currently reading that Steve Jobs book and basically he was recovering from the bankruptcy of a failed business just before he joined Jobs and Wozniak to lay the foundations for Apple. As a result he was being very cautious (also had obligations as head of a young family). He did the right thing according to his situation at the time.

Of course with hindsight we can call him an idiot. But that's the beauty of hindsight.

At the time he was being asked to invest all his money with a bare-foot hippie (Jobs) and a child-like geek (Wozniak).

He said in the interview that he did not make an investment (financially) he just contributed sweat equity.

 

[↓R↑LYB]

All dude in that youtube clip needs is a flat top and he'd be a white Larry Holmes

Ima need one of the coli photoshop experts to get on this

 

[Steve Piffler]

but, what do you do? some people aren't meant to be rich. it wasn't in the cards for breh....but damn tho

 

[Ashley Banks]

 

[L&HH]

A bit of context.

I'm currently reading that Steve Jobs book and basically he was recovering from the bankruptcy of a failed business just before he joined Jobs and Wozniak to lay the foundations for Apple. As a result he was being very cautious (also had obligations as head of a young family). He did the right thing according to his situation at the time.

Of course with hindsight we can call him an idiot. But that's the beauty of hindsight.

At the time he was being asked to invest all his money with a bare-foot hippie (Jobs) and a child-like geek (Wozniak).

Im reading his wikipedia and nah dude fukked up.

Later that year, venture capitalist Arthur Rock and Mike Markkula helped develop a business plan and convert the partnership to a corporation. Wayne received another check, for $1,500, for his agreement to forfeit any claims against the new company.

Idk what legal claims he would have been able to make but when you see that venture capitalist are now getting involved, why relinquish your last stand to possibly to make something out of it for 1500.

Then I read:

After leaving Apple, Wayne resisted Jobs's attempts to recruit him back to Apple, remaining at Atari until 1978

This is after Apple's sales was rising pretty well from 174,000 (1976) the first year to 2.7million(1977), to 7.8million(1978). Common sense has to let you know this is something you need to be a part of. Im pretty sure when Jobs was trying to bring him back on he could have negotiated back a small % stake, and after seeing how much success it had in a short period of time should have been a no brainer.

 

[Trajan]

Idk what legal claims he would have been able to make but when you see that venture capitalist are now getting involved, why relinquish your last stand to possibly to make something out of it for 1500.

Silicon Valley wasn't popping like that then. Before the days of FB and Microsoft these ''venture capitalists'' didn't really have the same resonance that they do now. It's because we've heard so many success stories since then involving tech firms and venture capitalists. $1500 was a lot to risk on a venture when your own business had just collapsed recently.

This is after Apple's sales was rising pretty well from 174,000 (1976) the first year to 2.7million(1977), to 7.8million(1978). Common sense has to let you know this is something you need to be a part of. Im pretty sure when Jobs was trying to bring him back on he could have negotiated back a small % stake, and after seeing how much success it had in a short period of time should have been a no brainer.

Atari was the bigger (much) company and additionally Steve Jobs was notoriously difficult to work with/for. He was a real a$$hole who had this Jesus-like belief about himself. He routinely made employees and colleagues cry. As far as stake, that dude wasn't giving NOTHING out . He was shady as hell. There were dudes who were with Apple through thick and thin and who once the company was floated received no shares . Dudes who were caught slipping because they assumed he would take care of them out of friendship. COLD

Wozniak gave some of them shares from his own.