Friday, February 24, 2012

Instant Alert: Apple's Third Cofounder Explains Why He Left The Company After 12 Days


View this email online | Add newsletter@businessinsider.com to your address book


No comments:

Post a Comment

The Business Insider
Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest

February 24, 2012
Find Us on FacebookFollow US on Twitter
Apple's Third Cofounder Explains Why He Left The Company After 12 Days

by Jay Yarow on Feb 24, 2012, 12:06 PM

Advertisement

Ron Wayne could have been a part of history, instead he's a footnote.

Wayne was a founding member of Apple with Steve Jobs and Steve Wozniak. But after just 12 days he changed his mind and backed away from the company losing out on a fortune.

He decided to explain on Facebook once and for all why he left Apple:

I didn’t separate myself from Apple because of any lack of enthusiasm for the concept of computer products. Aside from any immediate apprehension in regard to financial risks, I left because I didn’t feel that this new enterprise would be the working environment that I saw for myself, essentially for the rest of my days. I had every belief would be successful but I didn’t know when, what I’d have to give up or sacrifice to get there, or how long it would take to achieve that success.

And here's how much money he lost out on:

To counter much that has been written in the press about me as of late, I didn't lose out on billions of dollars. That's a long stretch between 1976 and 2012. Apple went through a lot of hard times and many thought Apple would simply go out of business at various times in its maturity. I perhaps lost tens of millions of dollars. And quite honestly, between just you and me, it was character building.

If I had known it would make 300 people millionaires in only four years, I would have stayed those four years. And then I still would have walked away. Steve and Steve had their project. They wanted to change the world in their way. I wanted to change the world in my own.

He wrote his essay to promote a new book he has, Insolence of Office. You can check it out here.

Please follow SAI on Twitter and Facebook.




Advertisement

Related Topics
Related Suggestions Related Suggestions Related Suggestions Related Suggestions Related Suggestions Related Suggestions Related Suggestions Related Suggestions Related Suggestions Join the conversation about this story »
Share this: Facebook Facebook Twitter Twitter Digg Digg Reddit Reddit StumbleUpon StumbleUpon LinkedIn LinkedIn
Find Us on Facebook Follow US on Twitter
The email address for your subscription is: dwyld.kwu.3ipad4apple@blogger.com

Manage Email Preference | Unsubscribe | Subscribe | Business Insider RSS Feed

Business Insider. 257 Park Avenue South, New York, NY 10010

Terms of Service | Privacy Policy