Wayne Says Founding Apple Like ‘Having a Tiger by the Tail’

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Ron Wayne, who gave up his stake in Apple Inc. two weeks after founding it with Steve Jobs and Steve Wozniak in 1976, said he knew the company would be a rollercoaster, and also very successful.

“They were absolute whirlwinds aside from the fact they were intellectual giants, which I recognized, and it was like having a tiger by the tail; you can’t hang on and you can’t let go,” said Wayne, 77, in an interview with Bloomberg Television. “If I’d stayed with them, I was going to wind up the richest man in the cemetery, so I figured it was best for me to go off and do other things.”