Tech buffs can delve into Silicon Valley history by perusing Apple Computer’s first business plan and IPO documents.
The 1977 38-page IPO filing, done in a typewriter-y font with the odd punctuation issue, lists management as the fourth risk factor for potential investors: “Apple Computers’ Management team is young and relatively in-experienced in the high volume consumer electronics business.”
And would you put money into a company headed by these key execs?
* “S.P. Jobs, V.P. Operations, Attended Stanford and Reed College, Engineer – Atari – 2 Yrs”
* “S.G. Wozniak, V.P. Engineering, Attended University of Colorado and University of California at Berkley [sic], Engr. Tennant – 1 Yr., Engr. Electroglass – 1 Yr., Engr. – Hewlett-Packard – 3 Yrs.”
The IPO document was donated to the Computer History Museum by original Apple investor Mike Markkula, who saw massive potential in the green startup. In 1977, Steve Jobs met with Markkula and convinced him that personal computers were an exciting opportunity. Markkula invested $250,000 in Apple for a one-third stake in the company and served as president from 1981 to 1983.


