Amit Chowdhry | December 17, 2011 | 501 views | Add a Comment
Categorized under Apple Inc., Ronald Wayne

Ronald Wayne is the Apple Inc. (NASDAQ:AAPL) co-founder that spent less than a week working there. He gave up his shares for $800 and sold a copy of the founding contract of the company for thousands of dollars. The buyer of the contract sold it at a Sotheby’s auction for $1.6 million. That means that Wayne lost out on the opportunity to make millions, possibly billions of dollars in two separate opportunities. But it turns out that he has some other material that could be worth some money as Engadget discovered.

Amit Chowdhry | December 13, 2011 | 886 views | 1 Comment
Categorized under Apple Inc., Ronald Wayne, Steve Jobs, Steve Wozniak

Last month I wrote about how the founding contract of Apple Inc. (NASDAQ:AAPL) was for sale on auction. The contract was signed by Steve Jobs, Steve Wozniak, and Ronald Wayne. Ronald Wayne had a chance to become a partner at Apple in 1976, but ended up selling his 10% stake in the company for $800. Today 10% of Apple would be worth $36.4 billion. In 1994, Ronald Wayne sold the founding contract of Apple for a few thousand dollars. Wade Saadi bought the contract from Wayne and sold it on Sotheby’s this week. The contract ended up selling for $1.6 million even though it was valued at $150,000. [BusinessInsider]
Amit Chowdhry | November 28, 2011 | 354 views | 1 Comment
Categorized under Apple Inc., Richard Austin, Ronald Wayne, Sothebys, Steve Jobs, Steve Wozniak

Apple Inc. (NASDAQ:AAPL) co-founders Steve Jobs, Steve Wozniak, and Ronald Wayne had drafted a three-page contract that established Apple Computer Co. The contract was drafted up and signed on April 1, 1976. This contract will be auctioned in New York next month and is expected to receive bids for as high as $150,000 according to Sotheby’s.
