Just 12 days after the company’s founding, Wayne sold his 10% share back to Jobs and Wozniak for $800. The reasons for this abrupt exit are well-documented and speak to the fundamental differences in temperament between the partners. Wayne was risk-averse, horrified by the massive debt the company was taking on, and likely saw the writing on the wall regarding the volatile relationship between the brilliant but naive Wozniak and the relentless Jobs. While Jobs and Wozniak were driven by the vision of changing the world with personal computers, Wayne saw only the looming specter of financial ruin. His decision to cash out and walk away, therefore, was not just a financial move but a psychological one. He correctly identified that the venture was doomed to fail, or at the very least, would cause him significant stress and financial liability.
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