No. 006 · 1976 · Los Altos

Apple

A van, a calculator, and one hobby-shop order for 50.

Biggest garage exit ever

Make my startup a legend
  1. 1 A hobbyist club in Menlo Park. Show and tell.
  2. 2 One member builds a computer for fun.
  3. 3 The other sees a business.
  4. 4 They sell a van and a calculator.
  5. 5 A local shop orders 50. Fully assembled.
  6. 6 Family become the production line.
  7. 7 A third founder sells his 10% for $800.
  8. 8 Worst exit in history.
Founders
Steve Jobs, Steve Wozniak and Ronald Wayne
Founded
1976, Los Altos
What they do
iPhones, Macs and the services around them.

The story

Wozniak built a computer to show off at the Homebrew Computer Club, and Jobs saw a business in it. An order for 50 machines from the Byte Shop got them started. Wayne sold his 10% stake for $800 within two weeks.