April 12, 1976: Apple’s third co-founder, a former Atari colleague of Steve Wozniak’s named Ron Wayne, cashes in his Apple shares for just $800.

Wayne, who owns a 10% stake in the company, throws in the towel after worrying that he doesn’t have the time or energy to properly invest in Apple. He later receives an extra $1,500 check to seal the deal. When he cashes it, he loses out on an investment that could have been worth billions.

“I was 40 and these kids were in their 20s,” Wayne told Cult of Mac decades later, referring to Wozniak and Steve Jobs. “They were whirlwinds — it was like having a tiger by the tail. If I had stayed with Apple I probably would have wound up the richest man in the cemetery.”

April 1, 1976: The Apple Computer Company gets its start as founders Steve Jobs, Steve Wozniak and Ronald Wayne set out to sell the $666 Apple-1 computer.

Apple will not officially become a corporation until January 3 the following year. By that time, Wayne is no longer a part of the business.

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.

December 8, 1975: San Francisco Bay Area entrepreneur Paul Terrell opens The Byte Shop, one of the world’s first computer stores — and the first to sell an Apple computer.

Years before Apple would open its own retail outlets, the Byte Shop stocks the first 50 Apple-1 computers built by Steve Jobs and Steve Wozniak.

One of the first computers ever created by Steve Jobs and Steve Wozniak is hitting the auction block, only unlock some of the previous auctions, this one is for a good cause.

This week on The CultCast: Official new Nvidia drivers make your Mac compatible with the best GPUs on the market! Plus: A mole gives us our best look yet at what it’s really like to work in an iPhone factory; Apple’s working on a “breakthrough” diabetes treatment with the Apple Watch; and the saga of Ron Wayne, the forgotten Apple co-founder who traded his $22 billion of Apple stock for just $800.

Our thanks to Casper, maker of the internet’s favorite mattress, for supporting this episode. Learn why and save $50 off your order at casper.com/cultcast.

This week: the oddly uplifting tale of Apple co-founder Ron Wayne, who sold his stake in the company for $800. Plus, road-ready gifts for bicyclists, killer Vainglory strategy guide, and awesome iOS 8 widgets you won’t want to miss. That and more in this week’s Cult of Mac Magazine!

Dig into Cult of Mac Magazine December 5 Edition, Free on iTunes

In a universe where things worked out a bit differently, Ronald Wayne would be a billionaire.

When Apple was incorporated on April 2, 1976, Wayne was named alongside Steve Jobs and Steve Wozniak as one of three founders. Wayne owned a 10 percent stake in the company.

However, just 12 days after Apple started up — feeling out of his depth because he “was standing in the shadow of intellectual giants” — Wayne threw in the towel and sold his shares for just $800.

“I was 40 and these kids were in their 20s,” Wayne told Cult of Mac. “They were whirlwinds — it was like having a tiger by the tail. If I had stayed with Apple I probably would have wound up the richest man in the cemetery.”

Holy crap. Check out this amazing custom iPad cover Redditor 44 Oz. had made for him by Australian-based leatherworking firm High On Glue, made with premium leather, suede lining, a kangaroo leather spine and embossed with the original Apple logo designed by Ron Wayne back in 1976, featuring Sir Isaac Newton resting under an Apple tree.

I don’t usually like folio-style cases, but I’m sliming myself with thick ropes of drool here. Covetous ropes of drool. This is a thing of beauty. Beat the rush and go give High On Glue your business, they’re going to be backed-up for months after this case goes viral.

More images below.