To an outsider, the tech industry can seem completely overwhelming and a little bit baffling. What makes this new guy’s idea so revolutionary? What does that even mean? Does having that name attached to the project truly mean so much? Why on earth do they need such a huge budget? Alternatively, how did they start with such a miniscule budget?
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There are so many questions, and the outsider often assumes it’s because they’re not in the thick of the tech industry, and simply just don’t have the same understanding as someone on the inside might.
However, even tech mavens can make mistakes. Sure, there are countless stories of people inventing the next big software or device and immediately transforming themselves from a humble worker bee to a multi-billionaire. It’s one of the industries where it’s seemingly easiest to have a rags to riches story. But for every person who has successfully carried through their idea, there are individuals along the way who didn’t truly believe in them, and didn’t think them worthy of their investment.
Now, we’re not pretending that the gentlemen on this list who declined to participate in huge, often multi-billion dollar opportunities, are paupers now. Many are brilliant in their own right and have managed to go on to fund or found countless other ventures. However, they probably still regret turning down that one big fish.
Here are 10 people in the tech industry who missed out on million.
10. Ronald Wayne – Apple
So, there’s this tech company called Apple – you may have heard of it. It’s a giant in the tech industry, and continues to inspire its loyal followers to camp out for the release of any new product. Devotees happily upgrade their tech gear whenever Apple comes out with another new device, and Apple is absolutely raking in the dollars.
Back in the day, Ronald Wayne was Apple’s third co-founder. However, he didn’t quite seem to understand what a success he had on his hands, and a mere two weeks after launching, he sold his 10% stake in apple for $800 dollars. He received an additional payout of $1,500 for totally severing any ownership ties. That’s right – instead of approximately $40 billion, which is what a 10% stake in the tech giant would yield today, he got around $2,000. Whoops!
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