Thanks Jay.
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Had he not sold, maybe the creditors really would have taken him down instead of leaving the penniless Apple free to grow.
This kind of “could have been” happens, I know a fellow at Stanford who turned down a 1/3 ownership in Google when Larry and Sergey were students there just starting it off.
But he’s kind of an anti-materialist, so it doesn’t bother him… much.
Ouch. That’s gotta sting.
This real news story was teased for HOURS on CNN today. zzz…
Who knows.. maybe this man could have sank the company and Apple wouldn’t be where it is today.
Back in 1998 before the big dot-com stock bubble, I had an opportunity to invest in a semi-conductor company that made chips for routers, for Cisco.
Instead I used the money for a down-payment on my house.
If I had sold at the height of the dot-com bubble I would have made enough money to buy 3 houses.
As it is, I still own my home, I have a relatively small mortgage, and the value of the home has appreciated despite the market.
Sounds to me like he was never “part of” Apple to begin with–he did a favor for two friends. Seems to me in times of yore maybe it took three live human beings to form a corp and he just filled a slot on the formation papers. Or, as he said==he didn’t want to get into all the legal hassles he saw coming.
Engineer.
forgot to add–I heard it so long ago don’t remember the source, and cant confirm it on google, but didn’t Bill Gates offer to sell Microsoft to IBM for $50K, and IBM declined because its attorney’s said it would be an illegal tying arrangement? ie–two bad decisions in a row.
I tend to doubt it. So, you could back up to the guy that sold Gates the program Gates licensed to IBM. Given Gates was in a corner, I’ll bet the guy could have gotten 10% or more.
Richest guy I ever personally knew–son of a politician in Iran. He got .003 cents for every some American Brand of cigarette sold in the Middle East. It adds up.
We should hope that his book isn’t as bland as his personality, home décor and business sense.
@ #5 Pedro — Zing !! … Har !!
Re:Mr. Wayne,
Somewhat refreshing to see someone accepting responsibility for their decisions.
Kinda been a while …
Wow, it’s almost like the CNN reporter brought a backpack full of salt to rub on the wound didn’t he? Flipping through old photos and showing videos of Steve Jobs on an i-Pad? It’s like the reporter was almost trying to get this guy to snap haha.
Pete Best
It might be a nice gesture if the other two co-founders could maybe contribute a forward for the book.Just a thought.