I've heard of this story. But never saw the story articulated so well. You're a credit to the community Dagogo. Big fan of your work. Love you.

the fact that he paid back everyone who believed in him when his business failed just says it all about this man. if you're reading this Wayne... to me, I'd pick you out of the 3 founders to have coffee with and chat with. I'm more impressed by this man than the other 2

I fell in love with his soul and integrity. Such a great man ❤

Perhaps the saddest part of all was hearing how he lost his life savings in a robbery after he'd retired. Strange that neither Jobs or Wozniak appear not to have helped him back up after that, particularly as he remains on good terms with them. Wayne seems happy and content with his little mobile home. At least he hasn't got the mither of parking a bloody big useless ship!

I can respect a man who knows his own limits and is kind a gracious even after the ordeal. The video said it best, everyone speaks highly of him where as the same it's not entirely true of Jobs.

such character... his integrity and dignity that he holds and carries is PRICELESS. His soul and spirit cannot be stolen, destroyed. He is a legend.

Man of less risk but a lot of integrity and integrity is something rarely found. I would love a man like him to be my partner in any business

As someone who ran a small business that I had to close and financially recover from, I understand his hesitation when things in a new company with a new business model start moving fast and the pressure and risk increased. I can’t say that I would have rode it out, especially as the older partner who was once bitten and had less time to recover financially if things went wrong.

Considering what happened with every single one who started Apple with Steve Jobs, frankly he probably would've lost everything later or ended up selling it to Steve for some more cash. It's highly unlikely he'd still have 10% of apple nowadays.

Wayne is the kind of man you WANT to have a significant roll running a business. That kind of integrity can not be taught or bought.

I really like this guy's thinking and personality. He might not receive the money but I think the two Steve are talking about him as their mentors during early Apple days. He is the kind of guy that nurtured the talented and disappeared to do things he loves

Both founders are loaded, they could help this poor guy just put sympathy. He is living in mobile home, went through many ups and downs. Really admire this guy, he paid back all his People after his company went down. Must be a honest man and a good friend. I wonder why those two never offered him a hand $

I really appreciate how well researched and thoughtful your videos are. Thank you!😊

In my time in Silicon Valley (1977-2006, Cupertino, San Jose, Santa Clara, Sunnyvale), I worked for 3 startups. Two of the three failed, and for the third, I made a whole $USD70,000. But I had lots of fun working with really smart people! Still lucky me! Based on this, I absolutely agree with Wayne's approach and position. I will buy his current books and anything new; I gotta support a fellow startup person even if I'm not in the same solar system.

It's sad in hindsight, but makes total sense what he said. People forget that Apple was 1 of 100 other startups trying to do the same thing. It's no different then the story of Peter Teal who invested $500k in the beginning of Facebook then left, never thinking it would get as big as it is. I believe he could of still tapped into his connections with the 2 Steve's to find a place being hired as an employee for Apple on a high paying executive level if he needed money. I'm sure they would have extended that offer due to their history.

11:35 One thing I am starting to wonder is, Did Wayne have anybody else that he bounces ideas off of? Someone like a business advisor or even just a mentor. It seems to me that he lived in his own world, worked alone and was always inside his own head, analyzing his own moves and making decisions by HIMSELF. While I admire his integrity and good natured personality, I can't help but wonder how different his life would be if he had someone else other than himself, to consult with, much like the two Steve's had with each other. Anyways, perhaps he did have someone, but I can't help but imagine that after everything he went through, something must have frightened to the point where his only response to risk is to run, not fight. Great documentary as usual DG.

Really appreciate your videos man. I started watching during COVID when I got laid off and for some reason they bring a sense of comfort to me. Keep it up!

Each success has a reality gap. It is very common that those missing 10-20% to success are actually filled in by unsung heroes like Wayne. Unfortunately, the world is very unforgiving to nice people who would not cut-throat or strongarm/backstab people. Great story!

He made the best decision he could with what he knew at the time. No reason to regret it. It's like saying "I should've gotten a lottery ticket!"

I probably feel more sad for him than he does for himself, what an amazing human. I hope and try to look at the world as positively as he does. It's probably why he still looks so healthy!

Selling stock that would be worth 220 billion dollars today for 800 dollars has got to go under the biggest oof moments in history

Excellent presentation style Dagogo brother and your productions are always TOP.CLASS. . It is not always that we find this story being narrated without hyper-excited melodrama in the narration. . Loved it! Hope to be able to directly support you, in my better times, in the future.

My dad got burned on businesses in the 80s, and became very conservative the rest of his real estate career, because the pain he endured from the failed businesses, he never wanted to experience again. Understandable with what this guy went through early on.

I can sympathize with Wayne. I also don't want to run a business, nor do I really want to be a manager/supervisor to anyone, either. If someone within weeks of meeting wanted me to help them with setting up a business, with the fact being any debt incurred by them would also be my debt, I'd be terrified and would probably leave as well. Missing out on getting to be set for the rest of my life would be unfortunate, but I know me and what I can (and and can't) handle. Who's to say that with such a person in the mix, the company would've even taken off? I respect Wayne's decision and hope he's living a fulfilling life.

Damn. What makes this a little less sad is that Ronald was OK with his decision. Unfortunate his gold and silver got robbed.

You are one of the best narrators/storytellers on KZfaq. The way you narrate all these real life events is just captivating. A big fan of yours!

My current net worth is about $30k, i would have been worth $13 million right now if i didn't sell all my Binance coins early in 2017. Watching this video makes me feel a little better for missing out on financial freedom. Lesson i'm taking from this video is there are always opportunities, and that you shouldn't be afraid of pain.

It's entirely possible that if he had not sold, Apple would not have turned out the way it did. Having 10% of the company in the hands of someone that didn't share the same viewpoint would of course have impacted the direction of the company. His integrity and sense of morality may have led to less ruthless business decisions, and this could have left room for a competitor. This may have been better for the world.. but you can't say that if he had just kept his shares, everything else would have worked out the same

People get a bit carried away with the idea of owning 10% at founding. He would have been massively diluted just a year later when the partnership was reformed as a corporation with other investors. Then diluting ownership to venture capitalists, the IPO, and 45 years of stock options being issued. Even Microsoft bought a significant chunk of Apple in 1997. He’d probably be well below 1% even if he never sold a share. Of course I’d still take that.

The fact that this man struggled to settle with his early investors is a story of honor among thieves; the fact that the other two who continued the Apple story and never offered to help Wayne at all is the story of dishonor among thieves. Wayne is my pick any day for a decent man. After fifty years in business, believe me, there are far too many of the latter than the former, Wayne. Best of health to you in your years remaining on this planet of the apes.

There's always stories like this in all business ventures. Someone is bound to get cold feet 🦶. Risk is never easy 😢. And those that can mitigate it 😮come out ahead. 😊 Good story Dagogo.

To be fair, Apple wasn’t a safe bet. Apple almost failed multiple times, it was bailed out by Microsoft so the business itself technically failed. So it’s a lesson not to let life’s lessons affect you, but he can’t be faulted for his decision

Selling off his shares an apple was not his biggest mistake in life. But keeping his life savings in his house definitely was a terrible decision. Don’t be like this guy. Don’t be drawn in by Gold and silver sellers that are just trying to get your money.

Interesting video! Certainly mixed emotions considering how things played out. It's not easy choosing a path in matters like this. My business ventures with other people thus far have been flops. I probably would have been smarter to exit sooner than I had each time because I was always the one doing a lot of the work. I definitely understand Ronald's perspective here.

Well the guy seems to be in decent health for his age, has a nice house, I'm sure has a happy family. At the end of the day, that's what's important.

The man is egoless. 🙏🏼🙏🏼 Thank you for sharing his story, Dagogo. ✨

Wayne appears to be a relatively happy, well adjusted person who followed his heart. We could do much worse.

I think he just didnt want to be the only founder not named steve

He chose the more fulfilling path that deserved great respect. The unfortunate events afterward are sad 😔.

Investing is too "risky" so better save your money. while in reality it is in fact a necessary act to fight against inflation. it was an enlightening moment for me when i learned how money really works. Now I only wish I had started in my twenties and had more time to take full advantage of the bulls and bears. Now I own 3 rental properties, started my own business and my net worth has increased by $500,000

The man himself is quite content with his decisions but it's the other people thinking that he missed out on an opportunity big time and trying to make him feel someway that isn't OK which he totally was. We all have to embrace the 'maybe or maybe not' kind of life else if the world had it it's way it'll make you sad and depressed about everything,, even your existence.

A humble guy who had nothing but bad luck all his life.

This is a very important part of the story that most people miss out on. They try to make it seem like two young kids started a computer company but they had experience around them guiding them. I think it's very important that this part be highlighted for future generations.

It's not really a sad story. This man has his head screwed on right, he's got real integrity, and he doesn't seem to live in regret. I just wish he had gotten more for the contract! Very well told story, +1 subscriber.

I've been listening to your videos all week while stuck at work. Thank you for the new video and for making the days bearable 😅

His mistake wasn't different from the mistake of any other person back then, who didn't bought the share in the first place.

The fact that he's part of Apple's history is pretty cool.

Anytime I think my life is unfair, I will think of this guy and get a reality check. Good to see he still seems to have a good attitude, but it sure seems like the universe is out to get him 😐

It's amazing that neither Steve never helped this guy out with a million or two. Cripes they have so much money, there must have been a lot more bitterness that never went public.

Hey man I’ve been binging your content the last couple months, you’re doing amazing work. Is there any way I can get in contact with you?

If anyone out there knows Wayne, show him the comment section of this video. He may not have gotten rich, but having this many people admire your character is much more impressive.

Can't fault him for selling his stake for $800, hindsight bias is real and Apple could have easily gone bankrupt. Besides all of us would've sold our shares had it jumped to even $100,000, let alone

Just wanna say I love your channel. Keep making awesome content !

This is a PERFECT example that *Being an Entrepreneur is NOT for everyone* Being timid & emotional is of course a part of human nature, but not in business. And for those that see that as an attack on Wyane - it's not/Would you want your heart surgeon to be timid or emotional while giving you a triple bypass.......Exactly!

I've read a lot and watched tons of videos about the early days of Apple, so I was about to skip this video thinking: "He's gonna talk about Mike Markkula for sure, no need to watch this...". I watched it anyway because all of your videos are good, so I thought I'd give it a try, you didn't disappoint, I've never read about Wayne. It doesn't matter if I woke up feeling like a smart ass and I think I know everything, even about topics I really like and do tons of research, there's always something new to learn from your videos. Keep up the awesome work and thank you for taking the time to do it! 🙌🏻

Having no regrets is something no money in the world can buy.

"Better your own house made of planks, than a lavish fair in the house of another." I read this quote once, I think it was from the Bible, but have not been able to find it. I absolutely love it, something I revert to when I think of working and being bossed around by someone else.

During the first NeXT developers’ conference in 1992, I came across Steve Jobs who was idling at the NeXT booth. Too young and impressionable, I couldn’t get the nerves to shake his hand and introduce myself as a young French software engineering student and NeXT registered developer. How would it have changed my life? No regrets, I love the life I have.😊

Amazing story CF! I had never heard about Wayne before now. All of us can second guess his decision. However, as he noted, it was the correct decision for him at that time.

I know what it's like to been in his situation. I'm in a similar one. Had to leave a business, which later became very successful and makes millions/year for my business partners. But I don't regret. I'd rather be just an average Joe than a multimillionaire locked in a mental institution. That's what would probably had happened if hadn't quit the business.

No matter what we do or don't do, or what we decide or not, our destiny has to be fulfilled, we like it or not. We are just toys in the hands of fate.

Man, that was a fabulous story! Despite hearing bits and pieces before, no one has articulated it this well 👍 btw where on earth do you get these high quality real pictures and videos ??

Thank you very much Dagogo for this very enlightening video. I never knew there was a third funder.

If I recall correctly Ronald Wayne served as the inspiration for Walter White and his departure from Gray Matter.

I have to write my thoughts on this since I know someone who's just like Wayne. First mistake : When he failed at his first business he did not look at it objectively and analyzed the situation, instead he took things personally and closed the business. He had some ego issues, otherwise he could have asked for help and people will be happy to help him revive the business. But no, he want to be the only person behind his own success ( which I think an ego thing ). Same ego thing made him refuse the $50k was offered by Jobs when they first knew each other. Also ego made him buy his own shares from his investors when he did not have to and no one would blame him if he didn't do it, but he always makes things personal. Second mistakes: Although he knew Apple was going to be something, he saw himself doing some boring job with 10% while two kids do the fun stuff and have other 90% would hurt him.

Paul Allen. I'm watching patiently for a coldfusion video regarding Microsoft's lesser known founder.

Weird to me that Steve wouldn't have jumped in and helped him financially.

I can understand his apprehension. He'd failed already in business and the new projects were not his, so he sold out. At least he achieved things that most of us will never attempt, out of fear, so he still achieved lot even tho he's not a millionaire. I'd heard of the story long ago but this is a nice video, as always. Keep up the good work! 👍

Thank for the story. It is really sad that Apple did not, and does not support Wayne financially. This obviously will be s tax write off for the company, but as the story has been told here: it would be better to turn to ice for warmness.

From a big fan of yours. With thanks. Wayne, a gentleman to the core.

As always, this was a great watch 🔥

Respect to the man for moving on with his life, despite being knocked down several times.

So he was almost 20 years older than Jobs and Wozniak, and yet he outlived them both. Perhaps it has something to do with him getting out.. perhaps not. But kinda makes you wonder the pressure Apple had on the other two

This is consistently one of the most beautiful channel on KZfaq. Please keep making videos.

One of my faveourite stories is the one of "icarus". it tells you not to fly to high to not get burnt and crash down buut it also tells you not to fly to low if you dont want to get swept by the ocean waves. you got to be humble but not that humble.

he sold the original contract in the 90s for $500 and in 2011 it sold at auction for $1.6 million. guy is the king of bad decisions.

It would be mighty of Apple to give this man a HAND UP!

The world sometimes needs ruthless people like Steve Jobs and always needs men of integrity like Ronald Wayne.

Wayne earned the respect of both the other founders and I'd like to say he earned my respect too ☯️🙏

Even if he never made a dime from the whole affair, he has one thing only one other living man on Earth can claim: he was there at the beginning. And as such, history will remember him forever.

Apparently not so sad. He seems like a very content person who has lived a full life

I have been in Wayne’s shoes. I have helped create small businesses. It is a marathon, not a sprint. I have made money and lost money from these ventures. None of them as big as Apple, obviously. But the secret to success is to keep balance, and have a good life.

There's a meme about "If you think you've had a bad day..." about this guy and the vast fortune he could have so easily had. "He co-founded Apple Computer Company (now Apple Inc.) as a partnership with Steve Wozniak and Steve Jobs on April 1, 1976, providing administrative oversight and documentation for the new venture. Twelve days later, he sold his 10% share of the new company back to Jobs and Wozniak for US$800 (equivalent to $3,810 in 2021), and one year later accepted a final US$1,500 (equivalent to $7,143 in 2021) to forfeit any potential future claims against the newly incorporated Apple. In the early 1990s, Wayne sold the original Apple partnership contract paper, signed in 1976 by Jobs, Wozniak, and himself, for US$500. In 2011, the contract was sold at auction for $1.6 million. Wayne has stated that he regrets that sale. Wayne retired to a mobile home park in Pahrump, Nevada, where he sells stamps and rare coins, and plays penny slots at a casino."

He had 10%. Which means he had 10% of profits and 10% of the liabilities. And essentially none of the power to push or pull things either way. And his job was production work for a kid old enough to be his son that he didn't respect. Gee... tough choice.

Would love to buy his latest book just to support his decision and for being a true and kind person world needs desperately nowadays ❤️🙏

I sympathize with Wayne even his business didn't became successful but the products and his knowledge in engineering made it work. The investors may loss their investments but still Wayne paid them back. Indeed it is not easy to build a business it is so risky. Great content and I love your videos.

Great video, but minor correction, the border around Apple’s first logo read: “A mind forever voyaging through strange seas of thought, alone.”

I feel for him. Randomly becoming a businessman wouldn't sound too good to most people

Dagogo thank you for creating and sharing your supreme quality presentations. Bravo!👏

as you have mentioned, 65% of startups goes under in a decade so no one can't predict the future whether an idea will catch on or not, just like how VHS wasn't the best one but it prevails over the other one although bein inferior.... that's the story of mankind even in history...sometimes an individual will win easily over the others to rule and other times, some people have to really try hard to get to where they want to be...things are uncertain and that's both the beauty and the horror aspect of life

Who says he has a worse life? He sounds like he had the exact life that he wanted, one fully on his terms.

One thing about life is that no matter how many times you fail, opportunities will always come and go. Sadly for Wayne, he missed every opportunity that was thrown at him lol.

given his age, his booktitles, his tech-background and the fact he kept all savings in gold i really would like to hear what he thinks about btc...

That's my dream, to be the man behind the scenes, unknown and a billionaire.

I think I would of made the same choice as Wayne. I know what it feels like to realize you are out of your depth. Hindsight is a cruel mistress. I experienced the same thing when I was forwarded an email in the early 2000's for something called Bitcoin. All my friends told me I needed to start mining or invest. At the time I didn't have 2 pennies to rub together. My wife and I shared 1 1988 S10 to get back and forth to work. Investing would of left us living in that car. Sometimes I look back with disappointment. Though currently we live very comfortably. Own our home and couldn't be happier, though sometimes I wonder.

That’s not a sad story. Just a guy living life and the ups and downs that go with it. He seemed happy to me.

I don't think it's either sad nor stupid. Mr. Wayne helped the company to become what it is today and that is a proud achievement on it's own. You can't measure it by the amount of profit he made (or could have made). There are some things that go beyond money.

A Brilliant man who lacked imagination in a field very near to his talent!

In the end, life is all about missed opportunities.

Excellent video. Cautionary, inspiring, human.