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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.
An interview with Apple Computer co-founder Ron Wayne (he also designed
Apple's first logo). Had he held out, his shares today would be worth $22 billion.
posted by Chinese Jet Pilot
on Jun 4, 2010 -
49 comments
Buffett calls Internet investing "a big trap" If only many investors would have listened to Mr. Buffett a few years ago. Today, in Omaha, Buffett said, "But I think the idea that you could take any business idea and turn it into wealth on the Internet is just wrong." Common sense strikes again.
posted by shackbar
on Apr 29, 2001 -
14 comments
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