He sold 10% of Apple for $800. Was it a mistake?

In April 1976, Ronald Wayne co-founded Apple with Steve Jobs and Steve Wozniak. He held 10% of the new partnership, wrote its partnership agreement and drew the company's first logo.

Twelve days later, he gave up his stake for $800.

The internet calls it the worst decision in history. But look at what he knew at the time. Jobs had borrowed money to fill Apple's first big order, about $15,000. In a general partnership, each partner can be personally liable for the business's debts. Wayne was older than his partners and owned a house and a car. They had far less to lose. If Apple failed, creditors could come after what he owned.

Asked about it again in 2026, Wayne said he has no regrets.

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