And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
Wednesday, May 17, 2023
Apple's third co-founder Ronald Wayne, sold his 10% stake for $800 in 1976
This is how to arrange to have your progeny cuss you daily. That would be $4265 in todays biden-bux. And in '76 I was half-way through my tour at VA-42 in Oceana. Surprised we didn't run into each other.
Did you take part in any of those impromptu late-night aerobatic shows over the abandoned, flooded quarry? You know the one...As I recall the A-6 folk were some of the most frequent visitors.
Might not have the story completely correct, but when Microsoft needed the first DOS manual printed in 1980-ish, the cost came to $10,000, and MS did not have it. In those days MS was unheard of, IBM reigned, and Bill Gates looked to be about 12 years old. Gates offered $10k in stock, but the printer made a wise business decision to push for the cash. History tells a different shade on the story, of course... Ah, opportunities lost.
Paper vendor wants his money in net 30. Most companies can't wait 15 years for stock to pay out. Smart move to take the cash. Bird in hand and all that.
Wikipedia says that what he regrets is selling the signed contract in the photo above. He sold it in the early '90s for $500. In 2011, it sold at auction for $1.6m.
A local reseller electronics store was offered a significant chunk of Apple in exchange for access when the boys were doing early R&D, but it was refused. Whoops!
That ranks right up there with the Fifth Beatle, the ABC guys who passed up the chance to buy Disney outright in '66, and the NBC exec who cancelled "Star Trek".
In '76 I was a WWMCCS Operations Specialist in the USN at Cinclant.
ReplyDeleteThis is how to arrange to have your progeny cuss you daily.
ReplyDeleteThat would be $4265 in todays biden-bux.
And in '76 I was half-way through my tour at VA-42 in Oceana. Surprised we didn't run into each other.
Did you take part in any of those impromptu late-night aerobatic shows over the abandoned, flooded quarry? You know the one...As I recall the A-6 folk were some of the most frequent visitors.
DeleteTalk about colossal mistakes of all times…
ReplyDeleteMight not have the story completely correct, but when Microsoft needed the first DOS manual printed in 1980-ish, the cost came to $10,000, and MS did not have it. In those days MS was unheard of, IBM reigned, and Bill Gates looked to be about 12 years old. Gates offered $10k in stock, but the printer made a wise business decision to push for the cash. History tells a different shade on the story, of course... Ah, opportunities lost.
ReplyDeletePaper vendor wants his money in net 30. Most companies can't wait 15 years for stock to pay out. Smart move to take the cash. Bird in hand and all that.
DeleteWikipedia says that what he regrets is selling the signed contract in the photo above. He sold it in the early '90s for $500. In 2011, it sold at auction for $1.6m.
ReplyDeleteRemember, basically they were stoners with Heath Kits. Two popular past times of middle class adolescents.
ReplyDeleteProbably needed a drink.
ReplyDeleteA local reseller electronics store was offered a significant chunk of Apple in exchange for access when the boys were doing early R&D, but it was refused. Whoops!
ReplyDeleteThat ranks right up there with the Fifth Beatle, the ABC guys who passed up the chance to buy Disney outright in '66, and the NBC exec who cancelled "Star Trek".
ReplyDeleteNow he knows how Walter White felt.
ReplyDelete