Source: Fortune
Summary
Apple celebrates its 50th birthday, and the story of its founding is a reminder of the sacrifices made by its cofounders, Steve Jobs and Steve Wozniak. In 1976, Jobs sold his Volkswagen bus and Wozniak sold his programmable calculator to raise $1,300 to pay for the parts of the first Apple computer, the Apple I. The company’s success was not immediate, but it eventually led to the creation of the Apple II, which made nearly $3 million in its first year. Today, Apple is the second most valuable company in the world, with a market value of $3.7 trillion.
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The numbers tell one story. Apple’s success is often attributed to its innovative products, but it’s also a story of sacrifice and perseverance. Steve Jobs’ decision to sell his Volkswagen bus and Wozniak’s calculator to fund their fledgling business is a testament to their commitment to their vision. The duo’s journey from college dropouts to billionaires is a familiar tale of entrepreneurial spirit and risk-taking. As Jobs himself said, “I never did it for the money.” The sale of his Volkswagen bus was a critical sacrifice that helped launch Apple into the stratosphere.
Author: Evan Null
