Apple’s original founding document, signed by Jobs, surfaces; may fetch ₹36 crore
The world of technology is abuzz with the news that a historic document, one that played a crucial role in the creation of Apple, has resurfaced. This three-page document, which is essentially the founding agreement of Apple, has been signed by the company’s co-founders, Steve Jobs, Steve Wozniak, and Ron Wayne. The document is expected to be auctioned, with estimates suggesting it could fetch a staggering ₹36 crore.
For those who are familiar with the history of Apple, it is no secret that the company was founded on April 1, 1976, by Jobs, Wozniak, and Wayne. The three individuals came together to form a partnership that would change the face of the technology industry forever. However, what is lesser-known is the fact that Ron Wayne, who was responsible for designing the company’s original logo, withdrew his support from the venture just 12 days after its inception. As per the agreement, Wayne received $2,300 for his 10% stake in the company, a decision that would eventually prove to be a costly mistake.
The document that has surfaced is a testament to the partnership between Jobs, Wozniak, and Wayne. It outlines the terms of their agreement, with Jobs and Wozniak each receiving a 45% stake in the company, while Wayne was allocated a 10% stake. The agreement also outlines the roles and responsibilities of each partner, with Jobs and Wozniak responsible for the design and development of the company’s products, while Wayne was tasked with handling the administrative aspects of the business.
The significance of this document cannot be overstated. It is a rare glimpse into the early days of Apple, a company that would go on to revolutionize the technology industry. The document provides valuable insight into the vision and goals of the company’s founders, and it is a testament to the innovative spirit that defined the early days of Apple.
The auction of this document is expected to generate significant interest among collectors and enthusiasts of Apple’s history. The estimated price of ₹36 crore is a reflection of the document’s historical significance and its rarity. It is unlikely that any other document of this nature will surface in the future, making this a unique opportunity for collectors to own a piece of Apple’s history.
The sale of this document also raises interesting questions about the value of historical artifacts in the technology industry. As the industry continues to evolve at a rapid pace, the importance of preserving its history cannot be overstated. Documents like this one serve as a reminder of the pioneering spirit that defined the early days of the technology industry, and they provide valuable lessons for entrepreneurs and innovators who are shaping the industry’s future.
In conclusion, the surfacing of Apple’s original founding document is a significant event that provides a rare glimpse into the company’s early days. The document’s historical significance, combined with its rarity, makes it a highly valuable artifact that is expected to fetch a significant price at auction. As the technology industry continues to evolve, the importance of preserving its history cannot be overstated, and documents like this one serve as a reminder of the innovative spirit that has defined the industry since its inception.
News Source: https://www.newsbytesapp.com/news/business/apple-s-original-founding-document-signed-by-jobs-heads-to-auction/story
About the Author
