Apple’s “fifth Beatle,” Ron Wayne, sold his 10% stake in the company two weeks after it was founded to avoid pushing paper and startup risks. That $US35 billion would have been a lot of paper, Ron. I would have pushed.
In 1976, Steve Jobs and Steve Wozniak founded Apple with veteran engineer Ron Wayne. Ten days later, Wayne signed away his 10 per cent of the company in exchange for $US800. Here’s what he’s up to 34 years later, $US22 billion poorer.
