Just a minor update on the $35 billion mentioned in the article from 2011….
As of August 2023, Apple has a market capitalization of $2.796 trillion. Therefore, a 10% holding in Apple stock would be worth approximately $279.6 billion.
Maybe Apple would never have been as successful with an active founder that risk averse.
Wow, all that lost because of a lack of understanding of how an LLC works…
AFAIK, LLC’s weren’t really a thing in California in 1976.
Hindsight is 20/20. In the late 90s, Apple was a dying company.
I was too young to hold stocks but remember my boss, who was a fervent Apple enthusiast, getting rid of his shares when the company was seemingly aimless. He had a pizza box shaped LC475 which was so overpriced vs PCs of the times.
Then Steve Jobs came back and everything changed.
What not knowing about limited liability companies does to a mf
They usually start as partnership (which has personal liability) before becoming a corporation.
What a moron!
- says the guy who sold his Apple stock in 2012 because he thought the iPad was a stupid idea that nobody would buy
