Step 1 : Introduction to the question "In 1976, Ron Wayne sold his 10% ownership of which company for $800?"
Ronald Wayne co-founded Apple Computer with Steve Wozniak and Steve Jobs on April 1, 1976. Serving as the venture's "adult supervision," Wayne drew the first Apple logo, wrote the three men's original partnership agreement, and wrote the Apple I manual. Wayne’s stint at Apple did not last very long. After 12 days with the company, Wayne had his name taken off the contract and sold his 10% stake in Apple back to Wozniak and Jobs for a measly $800. If Ronald Wayne had kept his 10% stake in Apple, it would be worth approximately $280 billion today.
Step 2 : Answer to the question "In 1976, Ron Wayne sold his 10% ownership of which company for $800?"
Apple:
Ronald Wayne co-founded Apple Computer with Steve Wozniak and Steve Jobs on April 1, 1976. Serving as the venture's "adult supervision," Wayne drew the first Apple logo, wrote the three men's original partnership agreement, and wrote the Apple I manual. Wayne’s stint at Apple did not last very long. After 12 days with the company, Wayne had his name taken off the contract and sold his 10% stake in Apple back to Wozniak and Jobs for a measly $800. If Ronald Wayne had kept his 10% stake in Apple, it would be worth approximately $280 billion today.
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