Well, Everyone on this earth is very well aware that how Apple not only as a financial ecosystem but also a very successful and gigantic company which has grown exceptionally well over the past decades. Last year they even hit the historic market move of $1 trillion.
And after hitting $1 trillion market value, Apple created history by becoming the first U.S company to achieve this milestone. Their stocks reached $207.05 per share and reached the $1 trillion market value.
Here, many of us are afraid of loss and risk of businesses. Well, this fear always holds us back to make a move which is not that secure.
If you look at the founding partnership agreement of Apple, you’ll get to see signatures by three co-founders that is Steve Jobs, Steve Wozniak and Ronald Wayne in 1976.
Are you wondering who is Ronald Wayne then let me tell you. Ronald Wayne is very little known third co-founder of the giant company, Apple. He joined them to support them with mature supervision and expert guidance on mechanical engineering. This was done with ten per cent business shares.
Wayne drafted official documents and on 1st April 1976, he made his partnership official and even designed the company’s first logo. But it was later replaced by the logo we see now.
Wayne became concerned when Jobs took a $15,000 loan to fulfil the contract of around 100 computers with The Byte Shop, who is known for not paying bills on time. He got afraid that this financial loss will be on him, personally.
So after spending almost two weeks, he departed himself from the company’s official contract and then he sold his shares to Jobs and Wozniak for $800. He was an electronics industry worker who patched up with two broke young fellows who wanted to make it big and was ready to shine.
He was frightened as he already lost some money in past in some other failed business. Life of a founder is not easy, it requires strength and that immense mental ability to support the difficulties while aiming for the high.
Now, that 10% share is a whopping $95 billion and if he didn’t sell at that time then he would have been the richest man too. But now he admitted that he has no regrets and said he was 40 back then and they were in their 20s, so surviving with them was a challenge.
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