The worst business decision in history when man sold his 10% share of Apple for $800.
Today, that slice would be worth $320,000,000,000.
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Let's take a look at how it started:
In 1st April, 1976, somewhere in a modest California garage, were three men who launched the APPLE we are using today.
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These three men had different role to play in the establishment of Apple. The first person was
Steve Jobs: Jobs was the brain behind Apple, he saw the vision and decided to gather others to achieve his goal. But he didn't have the cash to pursue it as of that time.
We have the second person Steve Wozniak, Wozniak was the engineer that doesn't really know things about the business. But online focus on the engineering aspect of it.
And here comes the third person, Wayne: Wayne was the only adult in the room. Ronald Wayne, was very important in the team, he was the person that created the company's first Logo. He drafted the partnership Contract and was given 10% ownership. Ronald Wayne was 41 years while other members were just in their 20s (Steve Jobs and Steve Wozniak). As of that time, Wayne had assets while the remaining two really had nothing. But something changed after 12 days.
It was just 12 days Wayne panicked out of fear that Apple was just a little startup and didn't see the potential of it.
He went to the company's office and filed for separation of his 10% stake for just $800 which he later received $1,500 to finalize his release.
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As Apple exploded, Wayne’s decision aged like a tragedy:
Today it is worth about $320B lost from a discussion he made in just two weeks.
What can we learn from this Wayne Story.
We learn that the greatest opportunities will always look terrifying at first.
We should have a very strong conviction about anything we have. As it matters more than timing.
We can see that twelve days of patience can be worth $320B.
Posted Using INLEO