Do you know Ronald Wayne? Let's talk about him.
He co-founded Apple in 1976 alongside Steve Jobs and Steve Wozniak.
-What happened ?
Ronald Wayne owned 10% of Apple at the company's founding.
Just 12 days after the company was formed, he became concerned about the financial risks because, unlike Jobs and Wozniak, he had personal assets that creditors could pursue if the business failed.
He sold his 10% stake back to the company for $800.
Later, he received an additional $1,500 to permanently give up any future claim to the company.
-How much would that stake be worth today ?
Apple eventually became one of the most valuable companies in history. Depending on Apple's market value at any given time, Wayne's original 10% stake would have been worth hundreds of billions of dollars if he had held onto it.
*Did he regret it? Yes, he did...
His story is often used as an example of:
-The difficulty of valuing early-stage startups,
the trade-off between risk and reward,and the importance of long-term conviction in high-potential ventures.#NFA✅ #DYOR🟢 ConvictionHolding #USStrikesIranRevokesOilWaiver #KoreanStocksSlide20%FromPeak #RussiaToRecognizeCryptoAsLegalProperty $LUNC
$FLOKI
$1
He co-founded Apple in 1976 alongside Steve Jobs and Steve Wozniak.
-What happened ?
Ronald Wayne owned 10% of Apple at the company's founding.
Just 12 days after the company was formed, he became concerned about the financial risks because, unlike Jobs and Wozniak, he had personal assets that creditors could pursue if the business failed.
He sold his 10% stake back to the company for $800.
Later, he received an additional $1,500 to permanently give up any future claim to the company.
-How much would that stake be worth today ?
Apple eventually became one of the most valuable companies in history. Depending on Apple's market value at any given time, Wayne's original 10% stake would have been worth hundreds of billions of dollars if he had held onto it.
*Did he regret it? Yes, he did...
His story is often used as an example of:
-The difficulty of valuing early-stage startups,
the trade-off between risk and reward,and the importance of long-term conviction in high-potential ventures.#NFA✅ #DYOR🟢 ConvictionHolding #USStrikesIranRevokesOilWaiver #KoreanStocksSlide20%FromPeak #RussiaToRecognizeCryptoAsLegalProperty $LUNC
$FLOKI
$1