Who Is Ronald Wayne
Ronald Gerald Wayne is an American co-founder of Apple Computer, now Apple Inc. In 1976, he partnered with Steve Jobs and Steve Wozniak to launch the company. He helped design the first Apple logo and wrote the original partnership agreement.
Why Ronald Wayne Sold His Apple Stake
Wayne received a 10% stake in Apple for his early contributions. After just 12 days, he sold his shares for $800. He later said he was concerned about personal financial risk and did not want to be solely responsible for the partnership's debts.
Ronald Wayne's Later Career and Legacy
After leaving Apple, Wayne worked in the electronics industry and held various technical and administrative roles. His early involvement is often cited as a cautionary tale in business and entrepreneurship. Many people search for his story when learning about Apple's founding.
For more background on Apple's founding, see Apple Inc. history.
