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In 1976, Steve Jobs and Steve Wozniak co-founded Apple in Jobs's parents' home on Crist Drive in Los Altos, California. [8] Wozniak called the popular belief that the company was founded in the garage "a bit of a myth", [9] although they moved some operations to the garage when the bedroom became too crowded. [10]
This experience, combined with the financial risks posed by Apple, influenced his decision to step away. Jobs had quickly secured a $15,000 line of credit (equivalent to $84,000 in 2025) from Cramer Electronics to purchase materials for Apple’s first order: 50 computers at $500 wholesale price, $25,000 from The Byte Shop, an unproven retailer ...
Jobs paid her $500 (equivalent to about $1,500 in 2023) monthly at the time when Apple went public and made him a millionaire. Later, Brennan agreed to an interview with Michael Moritz for Time magazine for its Time Person of the Year special, released on January 3, 1983, in which she discussed her relationship with Jobs.
Michael "Scotty" Scott (born February 11, 1945) [1] is an American entrepreneur, who was the first CEO of Apple Computer from February 1977 to March 1981. Formerly director of manufacturing at National Semiconductor, Scott was persuaded by Mike Markkula to take the CEO position at Apple, as the co-founders — Steve Jobs and Steve Wozniak — were both seen as insufficiently experienced for ...
He invested $92,000 in Apple out of his own property while securing a $250,000 (equivalent to $1,340,000 in 2023) line of credit from Bank of America. [45] [38] In return, Markkula received a one-third stake in Apple. [45] Apple Computer, Inc. was incorporated on January 3, 1977. [38]
In 1980, Apple went public to instant and significant financial profitability, making Jobs and Wozniak both millionaires. The Apple II's intended successor, the Apple III, released the same year, was a commercial failure and was discontinued in 1984. According to Wozniak, the Apple III "had 100 percent hardware failures", and that the primary ...
Armas Clifford "Mike" Markkula Jr. (/ m ɑːr ˈ k uː l ə /; born February 11, 1942) [1] is an American electrical engineer, businessman and investor. He was the original angel investor, first chairman, and second CEO for Apple Computer, Inc., providing critical early funding and managerial support.
John Sculley III (born April 6, 1939) is an American businessman, entrepreneur and investor in high-tech startups.Sculley was vice-president (1970–1977) and president of PepsiCo (1977–1983), until he became chief executive officer (CEO) of Apple Inc. on April 8, 1983, a position he held until leaving on October 15, 1993.