Mike Markkula

Read Cult of Mac’s latest posts on Mike Markkula:

Today in Apple history: Massive layoffs clear out Apple’s ‘bozo explosion’

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This was one of the worst (and one of the most significant) days in Apple history.
Photo: Bonhams

February 25 Today in Apple history: Apple layoffs: Black Wednesday clears out the 'bozo explosion' February 25, 1981: Apple CEO Michael Scott oversees a mass firing of employees, then holds a massive party. The Apple layoffs follow a hiring boom that led to what Scott called a “bozo explosion” at the company. They also stand as an early sign that the fun startup culture of Apple’s early days are gone forever.

“I used to say that when being CEO at Apple wasn’t fun anymore, I’d quit,” he tells a crowd of Apple staffers. “But now I’ve changed my mind — when being CEO isn’t fun anymore, I’ll just fire people until it is fun again.”

For many people at Apple, the day is the worst in company history.

Today in Apple history: A young Steve Jobs appears on Time cover

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With Steve Jobs first Time magazine cover, he becomes the face of the 1980s tech boom.
Steve Jobs becomes the face of the 1980s tech boom.
Photo illustration: Ste Smith/Cult of Mac

February 15: Today in Apple history: Young Steve Jobs appears on Time magazine cover February 15, 1982: Apple co-founder Steve Jobs appears on the front cover of Time magazine for the first time. The lengthy cover story makes Jobs the public face of successful tech entrepreneurship.

The first of many Time covers for Jobs, the article — titled “Striking It Rich: America’s Risk Takers” — casts him as the prototypical young upstart benefiting from the burgeoning personal computing revolution. It also identifies him as part of a surge of freshly minted millionaires running their own businesses.

Today in Apple history: Apple moves into Bandley 1, its first custom HQ

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Bandley 1 was Apple's first purpose-built HQ.
Bandley 1 was Apple's first purpose-built HQ.
Photo: Dvorak

Jan 28: Today in Apple history: Apple moves into Bandley 1, its first custom HQ January 28, 1978: Apple Computer occupies “Bandley 1,” its first custom-built office, giving the company a bespoke business center to house its growing operations.

A full 15 years before 1 Infinite Loop, and almost four decades before Apple Park’s stunning “spaceship” HQ  landed, 10260 Bandley Drive in Cupertino, California, becomes the first purpose-built, permanent headquarters for the newly founded company.

Today in Apple history: Super Bowl Mac ad airs against the odds

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1984
Apple's greatest commercial in history.
Photo: Apple

January 22: Today in Apple history: Super Bowl Mac ad airs against the odds January 22, 1984: Apple’s stunning “1984” commercial for the Macintosh 128K airs on CBS during the third quarter of Super Bowl XVIII.

Probably the most famous TV ad for a computer in history, the commercial is directed by Alien and Blade Runner helmer Ridley Scott. It very nearly didn’t air, though.

Today in Apple history: Apple becomes a corporation

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Apple is worth more than the entire US energy sector combined
Today marks another key milestone in early Apple history.
Photo: Ste Smith/Cult of Mac/401Calculator

January 3: Today in Apple history: Apple becomes a corporation January 3, 1977: Apple Computer Co. is officially incorporated, with Steve Jobs and Steve Wozniak listed as co-founders.

Third founder Ron Wayne — who initially invested in the company — is not part of the deal, after selling back his stake in Apple for $800. The funding and expertise needed to turn Apple into a corporation is provided by a man named Mike Markkula, who becomes an important figure in the company’s history.

Today in Apple history: Woz spends Christmas building Apple II disk drive

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Disk II pic
The Disk II became a massive success for Apple.
Photo: Wikipedia CC

December 25 Today in Apple history December 25, 1977: Steve Wozniak spends the holidays building a prototype of the Disk II, the Apple II’s revolutionary floppy disk drive.

“I worked all day, all night, through Christmas and New Year’s trying to get it done,” Wozniak would later recall in his autobiography, iWoz. “[Early Apple employee] Randy Wiggington, who was actually attending Homestead High, the school Steve and I had graduated from, helped me a lot on that project.”

Wiggington takes December 25 off. Woz does not.

Today in Apple history: Apple IPO mints instant millionaires

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Apple is worth more than the entire US energy sector combined
December 12, 1980, was an incredibly important day for Apple.
Photo: Ste Smith/Cult of Mac/401Calculator

December 12: Today in Apple history: Apple goes public at $22 per share, minting instant millionaires December 12, 1980: Apple goes public, floating 4.6 million shares on the stock market at $22 per share. The Apple IPO is the biggest tech public offering of its day, and more than 40 out of 1,000 Apple employees become instant millionaires.

As Apple’s biggest shareholder, 25-year-old Steve Jobs ends the day with a net worth of $217 million. However, the big payday triggers internal tensions as it highlights Cupertino’s class divide.

Today in Apple history: Apple II gets its first disk drive

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Disk II pic
The Disk II floppy drive was anything but a flop for Apple.
Photo: Wikipedia CC

June 1: Today in Apple history: Apple II gets a disk drive, the Disk II floppy drive June 1, 1978: Apple launches the Disk II floppy drive, one of the company’s most important peripherals ever.

The best floppy drive available at the time, Disk II solves the Apple II computer’s most glaring weakness — a lack of storage. It also helps establish Apple’s flair for handsome profit margins.

Buy the California home of a former Apple CEO for just … $37.5 million

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Former Apple CEO Mike Markkula's Rana Creek Ranch in Carmel Valley is up for sale. What better purchase to show off your Apple fan credentials?
What better purchase to show off your Apple fan credentials?
Photo: Hall and Hall

Want to own the home of a former Apple CEO? Wouldn’t we all? Unfortunately, you’ll need to pony up $37.5 million to do so.

Belonging to Mike Markkula, the angel investor who played a critical role in Apple’s early days, the ranch is the largest single landholding in Central California’s Carmel Valley. Markkula reportedly purchased it in 1982 for $8 million. He’s been trying to sell it since at least 2013 — and has dropped the price substantially during that time.

A video by the listing agency, Hall and Hall, lets you take a look around.