Apple’s original founding document, signed by Jobs, surfaces; may fetch ₹36 crore
The world of technology and entrepreneurship is abuzz with the news that a historic document, one that played a pivotal role in the creation of one of the world’s most valuable companies, has resurfaced. The document in question is the original founding agreement of Apple, signed by the company’s iconic co-founders, Steve Jobs, Steve Wozniak, and Ron Wayne. This three-page document is not only a significant piece of tech history but is also expected to fetch a staggering ₹36 crore at an upcoming auction.
For those who may not be familiar with the early days of Apple, the company was founded on April 1, 1976, by Jobs, Wozniak, and Wayne. The three individuals came together to form a company that would revolutionize the world of personal computers. The founding agreement, which has now surfaced, outlines the initial ownership structure of the company, with Jobs and Wozniak each holding a 45% stake, and Wayne owning the remaining 10%.
However, as history would have it, Wayne’s involvement with the company was short-lived. Just 12 days after the agreement was signed, Wayne withdrew his support for the venture, selling his 10% stake back to Jobs and Wozniak for a mere $2,300. This decision would prove to be a costly one, as Apple would go on to become one of the most successful companies in the world, with a market capitalization of over $2 trillion today.
The document, which is being auctioned off, provides a fascinating glimpse into the early days of Apple. It outlines the company’s initial goals, including the development and sale of personal computers, as well as the roles and responsibilities of each of the co-founders. The agreement also includes a section on the distribution of profits and losses, which would have been crucial in the company’s early days.
The significance of this document cannot be overstated. It represents the foundation upon which Apple was built, and its signing marked the beginning of a journey that would take the company to unprecedented heights. The fact that it has surfaced after all these years is a testament to the enduring legacy of Apple and its co-founders.
The auction of this document is expected to generate significant interest among collectors and enthusiasts of tech history. The estimated price of ₹36 crore is a reflection of the document’s historical significance and its potential value to those who are passionate about the story of Apple.
In recent years, there has been a growing interest in the history of technology and the companies that have shaped the industry. The sale of this document is likely to attract bidders from around the world, including museums, collectors, and even companies that are looking to own a piece of tech history.
As the auction approaches, there is likely to be a lot of excitement and speculation about who will ultimately purchase the document. Will it be a private collector, a museum, or perhaps even Apple itself? One thing is certain, however – the new owner of this historic document will be acquiring a piece of history that is truly priceless.
In conclusion, the surfacing of Apple’s original founding document is a significant event that highlights the rich history of one of the world’s most successful companies. The document’s signing marked the beginning of a journey that would take Apple to unprecedented heights, and its auction is likely to generate significant interest among collectors and enthusiasts of tech history. As we look to the future, it is fascinating to look back at the humble beginnings of a company that has had such a profound impact on our lives.
News Source: https://www.newsbytesapp.com/news/business/apple-s-original-founding-document-signed-by-jobs-heads-to-auction/story
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