Print the page
Increase font size

Ronald Wayne’s $3.1 Billion Mistake

Chris Campbell

Posted February 09, 2022

Chris Campbell

On the day Apple was founded, here’s how the founders divided the shares:

Steve Jobs — 45%

Steve Wozniak — 45%

Ronald Wayne — 10%

You’ve heard of Steve Jobs. You’ve heard of Steve Wozniak.

You probably haven’t heard of Ronald Wayne.

Why? Because Wayne didn’t last.

12 days after they founded Apple, Wayne sold his 10% stake for $800. One year later, he forfeited any potential future claims for $1,500.

In total, he walked away from Apple with $2,300.

Big mistake.

In 2018, when Apple became the first $1 trillion company, his shares would’ve been worth $100 billion.

Today, with Apple’s market cap hovering around 2.87 trillion… it’s worth a lot more.

It doesn’t end there.

In the 1990s, Wayne sold his copy of Apple’s original founding documents for $500.

In 2011, the same documents were auctioned off by the buyer for nearly $1.6 million at a Sotheby’s auction.

We All Make Mistakes

In many ways, we all can kind of feel Ronald Wayne’s pain.

We’ve all missed the boat. Made mistakes. Have regrets.

Regret is a powerful teacher. That is, if we can learn from it.

Truth is, 99% missed the boat on today’s titans.

But consider when many of them were founded:

Intel → 54 years ago

Microsoft → 47 years ago

Apple → 46 years ago

Amazon → 28 years ago

Netflix → 25 years ago

Google → 24 years ago

SpaceX → 20 years ago

Tesla → 19 years

Facebook → 18 years

Twitter → 16 years

Airbnb → 14 years

Uber → 13 years

Zoom → 11 years

That, on average, is about 25 years.

In 25 years, I bet half of these companies won’t exist. They’ll be replaced by new industry titans.

Right now, many of those titans are just getting started.

And these new titans will look nothing like the companies today.

Web3 Barons

Most people can’t see it yet…

But many of today’s largest companies will be replaced by trillion-dollar crypto networks.

And here’s the thing.

Years from now, you might look back on this email…

And one of two things will happen:

You’ll either feel like Ronald Wayne.

Or you’ll feel like the person who bought 10% of Apple for $800.

Chris Campbell
For Altucher Confidential

The Mutant Crypto Powerwave

Posted November 27, 2025

By Chris Campbell

Tom Lee calls it “the tokenization supercycle.” But my name’s cooler.

Bitcoin’s Final Boss (Quantum)

Posted November 26, 2025

By Chris Campbell

This is the first threat that feels like pure sci-fi—a battle between decentralized math and physics itself.

“Epstein’s Bank” vs. Bitcoin

Posted November 25, 2025

By Chris Campbell

The real story here is Bitcoin becoming systemic… and the system trying to decide how much it can tolerate.

Aliens, Leprechauns, and Congress

Posted November 24, 2025

By James Altucher

Say “UFOs” at a dinner party. See what happens. Just do it.

Why I’m Buying Crypto Here

Posted November 21, 2025

By James Altucher

This isn’t the end of the cycle. It’s inning one in a new financial operating system being rewritten in real time.

The Thing AI Lacks

Posted November 20, 2025

By James Altucher

Every major thing I’ve done—every book, business, skill I’ve picked up—started with some dumb question I was embarrassed to ask out loud.