[HN Gopher] Apple co-founder sells Carmel Valley ranch, will bec... ___________________________________________________________________ Apple co-founder sells Carmel Valley ranch, will become nature preserve Author : toomuchtodo Score : 27 points Date : 2023-06-19 21:25 UTC (1 hours ago) (HTM) web link (www.mercurynews.com) (TXT) w3m dump (www.mercurynews.com) | dheera wrote: | Get rid of the paywall by running this right after opening the | page var id = window.setTimeout(function() {}, | 0); while (id--) window.clearTimeout(id); | ary wrote: | > In 1977, Mike Markkula gave two unknown, shaggy-haired computer | programmers, Steve Jobs and Steve Wozniak, $250,000 to help turn | their young partnership into a new company. | | The opening statement doesn't bode well for the factual accuracy | of what follows. Jobs _was not_ a programmer, and Markkula was an | investor, not a co-founder. | freetime2 wrote: | https://archive.is/0TCmS | birdyrooster wrote: | Co-founder? Really? I am pretty sure that isn't how that works. | justrealist wrote: | Post-success it's pretty common to play around with that | definition. | packetslave wrote: | A case could be made... From wikipedia: | | _He was the original angel investor, first chairman, and | second CEO for Apple Computer, Inc., providing critical early | funding and managerial support. At the company 's founding, | Markkula owned 26% of Apple, equivalent to each of the shares | owned by cofounders Steve Jobs and Steve Wozniak._ | smadge wrote: | The article also says he was the third employee after Jobs | and Wozniak. | birdyrooster wrote: | Exactly my point, that is not a founder that is an angel | investor. | rvz wrote: | Yes. Investor in Apple, rather than 'third co-founder' as | the title is complete clickbait. | ravenstine wrote: | Don't tell that to all the people who believe Elon Musk | founded Tesla. | justrealist wrote: | Elon's experience at Tesla is a great example of why the | technicals of who incorporated the original entity | doesn't matter. | sgt wrote: | True. Yet there wouldn't be a Tesla today without Elon. | Arguably that is a kind of founder in its own right. | sgt wrote: | Maybe they made him solder a resistor. | GauntletWizard wrote: | When Apple Computer was founded, it's cap table contained | three people - Jobs, Woz, and Markkula. That seems like a | reasonable definition of cofounder, even if he wasn't an | active participant in the company. | jjtheblunt wrote: | What about Ronald Wayne? | | https://en.wikipedia.org/wiki/Ronald_Wayne | packetslave wrote: | For those who haven't clicked through, the co-founder is Mike | Markkula, not Jobs or Woz. | activiation wrote: | And he sold it for $32M... Bought it for $8M in 1982 | gnicholas wrote: | It sounds like he developed it quite a bit, with buildings | and even an airstrip. So the math isn't quite as simple as | present-valuing the $8M from 1982 and subtracting it from the | $32M in today's dollars. Still made a haul though, I'm sure! | doctor_eval wrote: | Apparently $8M in 1982 is worth $25M today, but property | price inflation doesn't always match CPI. | | https://www.in2013dollars.com/us/inflation/1982?amount=8000 | 0... | repiret wrote: | Growing 4X in value over 41 years is only a 3.44% annual | rate of return. I wouldn't call that a haul. If you | consider cost of improvements, upkeep, and inflation, it's | probably a loss. | activiation wrote: | Is the airstrip still usable? | smadge wrote: | Wait so California state granted $24 million to the private | Wildlands Conservancy, who spent $35 million for the property. | California should have just bought the property and turned it | into a state park. This should be public land. | yding wrote: | Saves the state money in upkeep, with the tradeoff being that | the private nonprofit can set its own rules on access. | freetime2 wrote: | I wonder if the $24M that the state contributed came with any | stipulations ensuring public access to the land. It sounds | like they intend to open it to the public anyway, but for | that amount of money I assume there must be some binding | legal agreements as well. | freetime2 wrote: | > The conservancy, which operates 22 other preserves in | California, and one in Oregon, plans to open the scenic property | to the public for hiking, mountain biking and horseback riding in | the coming years for free, said Frazier Haney, executive director | of the Wildlands Conservancy. | | > "The property is the size of -- and has the grandeur of -- many | of California's state parks," Haney said. "It's a wonder land of | oak-filled valleys and magnificent flower-studded ridgelines." | | So it's effectively a new state park for outdoor enthusiasts to | enjoy in Northern California. Very nice! ___________________________________________________________________ (page generated 2023-06-19 23:00 UTC)