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Apple's third founder (wikipedia.org)
22 points by gaika on Aug 10, 2008 | hide | past | favorite | 13 comments

>He claimed that he didn't regret selling the stock as he had made "the best decision available at that time."

If I was in his position, I'd feel the same way. He made the best decision he could, and that's all one can do.

Yeah, but you'd wish you made the other decision, which is what everyone means by "regret".

He probably doesn't, actually.

"... the fact is, that a year after losing the use of their legs, and a year after winning the Lotto, lottery winners and paraplegics are equally happy with their lives."

"In fact a recent study -- this almost floors me -- a recent study showing how major life traumas affect people, suggests that if it happened over three months ago, with only a few exceptions, it has no impact whatsoever on your happiness."

Dan Gilbert, http://www.ted.com/index.php/talks/dan_gilbert_asks_why_are_...

looking back and wishing you had done something else is the certain path to becoming a grumpy old man.

I don't know much of the background of this, or any of Wayne's background.

But from reading this it appears this may be one of the best examples of why not to play around with lawyer stuff if you are not a lawyer.

Don't write a partnership agreement. Form a corporation and then you are not liable for the debts of others. That is law 101.

Am I missing something to this story?

Yes, being risk averse can hurt you one day.

Yes indeed, how does it go again? Oh yeah: * "Fortune favors the bold"

You can almost hear the other two saying "This thing is going to huge". And him saying "well maybe...good luck guys, I'm out.

He must have failed to grasp something essential about the enterprise to make that decision. So maybe it's all good he just wasn't an apple man. :)

Yes, Steve Jobs ended up in a better position because of the partnership agreement. For him, it was a good decision.

So... he wrote the partnership agreement and then bailed two weeks later because he didn't like the provisions in the agreement. That really does suck.

EDIT: Scratch that. It's the partnership laws of the state, not the agreement that he apparently had issues with. Still depressing, but at least not as idiotic as I thought.

ouch. that has to sting.

"He was given a 10% stake in Apple, but relinquished his stock for $800 only two weeks later"


So...are people auto-down voting me because they see "facepalm" and their meme detectors go crazy? Down voting (at least in my view) is for spam or ridiculous posts; saying that a guy is probably kicking himself (regardless of what Wikipedia says) for selling out a company that's trading at $170/share seems legitimate. Even if you disagree, that's what comments are for, not burying

People is down-voting you because that comment is only adding noise to the thread. It's the kind of comment that populates digg and reddit and that makes such places such a terrible visit. People is more interested in more informative, argumentative, etc comments (humor is sometimes accepted, but it is when it shows some kind of subtlety I think).

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