Ronald Wayne

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Ronald Wayne
RonaldWayneMacworld2009.jpg
Ronald Wayne at Macworld 2009
Born Ronald Gerald Wayne
(1934-05-17) May 17, 1934 (age 80)
Cleveland, Ohio, U.S.

Ronald Gerald Wayne (born May 17, 1934) is a retired American electronics industry worker. He co-founded Apple Computer (now Apple Inc.) with Steve Wozniak and Steve Jobs, providing key administrative oversight for the new venture. He soon, however, gave up his share of the new company for a total of US$800.

Early life[edit]

Wayne was born in Cleveland, Ohio, United States on May 17, 1934.[1]

Career[edit]

Apple[edit]

First Apple logo (April 1, 1976, Prototype)

Wayne 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",[2] Wayne drew the first Apple logo, wrote the three men's original partnership agreement,[3] and wrote the Apple I manual.[2][4]

Wayne received a 10% stake in Apple but relinquished his stock for US$800 less than two weeks later, on April 12, 1976.[4][5] 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.[4][6] The failure of a slot machine company that he had started five years earlier also contributed to his decision to exit the partnership.[2]

Later that year, venture capitalist Arthur Rock and Mike Markkula helped develop a business plan and convert the partnership to a corporation. Wayne received another check, for $1,500, for his agreement to forfeit any claims against the new company.[2] In its first year of operations (1976), Apple's sales reached US$174,000. In 1977 sales rose to US$2.7 million, in 1978 to US$7.8 million, and in 1980 to US$117 million. By 1982 Apple had a billion dollars in annual sales. By September 2012, Apple became the largest publicly traded corporation in the world by market capitalization, with an estimated value of US$626 billion. Had he kept his 10% stock it would have been worth over $35 billion in August 2011.[7]

Wayne has stated that he does not regret selling the stock as he made the "best decision with the information available to me at the time".[8] Wayne also stated that he felt the Apple enterprise "would be successful, but at the same time there would be significant bumps along the way and I couldn't risk it. I had already had a rather unfortunate business experience before. I was getting too old and those two were whirlwinds. It was like having a tiger by the tail and I couldn't keep up with these guys."[3]

Post-Apple[edit]

After leaving Apple, Wayne resisted Jobs' attempts to get him to return, remaining at Atari until 1978, when he joined Lawrence Livermore National Laboratory, and later an electronics company in Salinas, California.[8]

Wayne, now retired and living a quiet lifestyle in a Pahrump, Nevada, mobile home park[9] selling stamps and rare coins in Pahrump, had never owned an Apple product until 2011, when he was given an iPad 2 by Aral Balkan at the Update Conference in Brighton, United Kingdom.[2][10][11]

Wayne also ran a stamp shop in Milpitas, California for a short time in the late 1970s, Wayne's Philatelics on Dempsey Road. After a number of break-ins, he moved his stamp operations to Nevada. The logo for the business was a wood-cut style design, with a man sitting under an apple tree, with the "Wayne's Philatelics" name written in a flowing ribbon curved around the tree. This was the original logo he designed for Apple Computer.

He holds a dozen patents, but never had enough capital to make money from any of them.[12]

Author[edit]

Wayne published a memoir titled, Adventures of an Apple Founder, in July 2011. Plans for initial exclusivity on the Apple iBookstore don't appear to have panned out.[13][14]

Wayne has also written a socio-economic treatise titled Insolence of Office, released on October 1, 2011 which he describes as:[13]

...the product of decades of research and observation into the evolution of human governance, and the foundations of the American Constitutional Republic. Through this analysis the reader is introduced to a complete, yet simplified understanding of the architecture of our Constitution, its foundations, principles, and the essential meaning of its structure all in the context of modern living.

Documentaries[edit]

Wayne appeared in the documentary Welcome to Macintosh where he describes some of his experiences with Steve Jobs, Steve Wozniak, and Apple Computer.[15][16]

Personal life[edit]

According to Walter Isaacson's biography of Steve Jobs, Wayne came out as gay to Jobs shortly after February 1974, while both men were employees at Atari.[17] Jobs later told Isaacson that "It was my first encounter with someone who I knew was gay." Wayne recalled that "Nobody at Atari knew, and I could count on my toes and fingers the number of people I told in my whole life. But I guess it just felt right to tell him, that he would understand, and it didn't have any effect on our relationship."

In an interview with NextShark,[18] Wayne described Steve Jobs' personality as colder than an ice cube. He recounted the times Jobs was ruthless, including at one point asking him to convince his friend to sell his company for Apple's benefit.

References[edit]

  1. ^ "Bio". Ronald G Wayne. 
  2. ^ a b c d e Woz, Jobs and ... Wayne? Apple's forgotten founder still wandering in the desert Mercury News, June 2, 2010.
  3. ^ a b US pensioner Ronald Wayne gave up £15bn slice of Apple The Daily Telegraph, April 23, 2010.
  4. ^ a b c Wozniak, Steve. "Letters-General Questions Answered". woz.org.
  5. ^ Simon, Dan (June 24, 2010). "The gambling man who co-founded Apple and left for $800". CNN. Retrieved June 24, 2010. 
  6. ^ Chris Seibold (April 12, 2009). "April 12, 1976: Ron Wayne, Apple’s Third Founder, Quits". Apple Matters. 
  7. ^ Gizmodo (August 28, 2011). "Apple Co-Founder Ron Wayne Could Have Been Worth $35 Billion Today". Retrieved August 28, 2011. 
  8. ^ a b Linzmayer, Owen W. "Chapter one: The Forgotten Founder" Apple Confidential: The Real Story of Apple Computer, Inc. Retrieved March 31, 2010.
  9. ^ "Pahrump Nevada Man Could Have Been Apple Billionaire now lives in Mobile Home Park". June 25, 2010. Retrieved July 5, 2010. 
  10. ^ Bruce Newman (June 9, 2010). "June 9, 2010:For obscure Apple co-founder, misstep was a costly one". The Seattle Times. 
  11. ^ Brian, Matt (September 11, 2011). "Apple’s co-founder Ron Wayne on its genesis, his exit and the company’s future". The Next Web. Retrieved September 13, 2011. 
  12. ^ John C Abell (June 3, 2010). "Apple Co-Founder Ron Wayne’s Long, Strange – and Sad – Trip". Wired. Retrieved November 11, 2010. 
  13. ^ a b "Adventures of an Apple Founder on iTunes store". Ronald G Wayne. September 3, 2011. Retrieved November 11, 2010. 
  14. ^ "Adventures of an Apple Founder". Apple Online Store. September 13, 2011. Retrieved May 5, 2012. 
  15. ^ 512k Entertainment (January 1, 2008). "Life Before Apple". 
  16. ^ 512k Entertainment (January 1, 2008). "Welcome to Macintosh – Trailer". 
  17. ^ Andy Towle (October 24, 2011). "Steve Jobs Describes the First Time He Met a Gay Man, in New Bio". Towleroad. 
  18. ^ Benny Luo (September 12, 2013). "Apple’s Third Co-Founder Ron Wayne: On Forming the Company and Working With Steve Jobs". NextShark. 

External links[edit]