Ronald Gerald Wayne (born May 17, 1934) founded Apple Computer (now Apple Inc.) with Steve Wozniak and Steve Jobs but soon gave up his share of the new company for a total of $2,300.
Wayne was born in Cleveland, Ohio, United States. He worked with Steve Jobs at Atari before he, Jobs, and Wozniak founded Apple Computer on April 1, 1976. Serving as the venture's "adult supervision", Wayne drew the first Apple logo, wrote the three men's original pa...
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Ronald Gerald Wayne (born May 17, 1934) founded Apple Computer (now Apple Inc.) with Steve Wozniak and Steve Jobs but soon gave up his share of the new company for a total of $2,300.
Wayne was born in Cleveland, Ohio, United States. He worked with Steve Jobs at Atari before he, Jobs, and Wozniak founded Apple Computer on April 1, 1976. Serving as the venture's "adult supervision", Wayne drew the first Apple logo, wrote the three men's original partnership agreement, and wrote the Apple I manual.
Wayne received a 10% stake in Apple but relinquished his stock for US$800 less than two weeks later, on April 13, 1976. Legally, all members of a partnership are personally responsible for any debts incurred by any partner; unlike Jobs and Wozniak, then 21 and 25, Wayne had personal assets that potential creditors could seize. The failure of a slot machine company that he had started five years earlier also contributed to his decision to exit the partnership.
Later that year, venture...
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