Three men founded Apple Computer on April 1, 1976. Two of them are known around the world. The third bailed out early and gave up his ten percent stake in Apple for $800 a stake that if he kept it, would be worth $35 billion dollars today. But he insists he has absolutely no regrets. Now, he's telling his story in a new book.
Just a minor update on the $35 billion mentioned in the article from 2011….
As of August 2023, Apple has a market capitalization of $2.796 trillion. Therefore, a 10% holding in Apple stock would be worth approximately $279.6 billion.
Just a minor update on the $35 billion mentioned in the article from 2011….
As of August 2023, Apple has a market capitalization of $2.796 trillion. Therefore, a 10% holding in Apple stock would be worth approximately $279.6 billion.
Maybe Apple would never have been as successful with an active founder that risk averse.
Wow, all that lost because of a lack of understanding of how an LLC works…
AFAIK, LLC’s weren’t really a thing in California in 1976.