Steve Jobs sold his Volkswagen to raise $1,300 for Apple's first computer-he became a millionaire just two years later at 23 | Fortune
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Steve Jobs sold his Volkswagen to raise $1,300 for Apple's first computer-he became a millionaire just two years later at 23 | Fortune
"If it wasn't for a Volkswagen bus and a calculator, Apple might never have existed. At the time, late cofounder Steve Jobs was in his early 20s and strapped for cash, but hooked on the idea that everyone should be able to own a home computer. The only problem? Like many founders, he didn't have enough money to bring his vision to life."
"So Jobs sold off his Volkswagen bus while fellow cofounder Steve Wozniak got money for his programmable calculator, raising $1,300 to pay for the prototype's parts. And the first Apple computer, Apple I, was born on April Fools Day in 1976. The sacrifice paid off: A local computer dealer placed a $50,000 order for 100 units soon after it launched, with the product mainly bought up by hobby enthusiasts."
Steve Jobs and Steve Wozniak raised $1,300 by selling personal belongings to buy parts and build the Apple I, launched on April Fools Day, 1976. A local dealer ordered 100 units for $50,000, with early sales mostly to hobbyists. The initial revenue financed development of the Apple II, which debuted in 1977 as the first personal computer with a keyboard and color graphics and generated nearly $3 million in its first year. Jobs experienced rapid personal wealth growth in his early twenties, though money was not presented as his primary motivation. Jobs secured an early internship at Hewlett-Packard, where he met Wozniak.
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