"Wayne's business attitude was already risk-averse due to his experience five years prior with the "very traumatic" failure of his slot machine business, the debt of which he had spent one year voluntarily repaying.[6][9] Jobs secured a US$15,000 line of credit to buy product materials for Apple's first order which had been placed by The Byte Shop whose reputation as a notoriously slow-paying vendor gave Wayne great concern for his future.[6][8] Legally, all members of a partnership are personally responsible for any debts incurred by any partner; unlike Jobs and Wozniak, then 21 and 25, Wayne had personal assets that potential creditors could possibly seize."
"He co-founded Apple Computer Company (now Apple Inc.) as a partnership with Steve Wozniak and Steve Jobs on April 1, 1976, providing administrative oversight and documentation for the new venture. Twelve days later, he sold his 10% share of the new company back to Jobs and Wozniak for US$800 (equivalent to $3,810 in 2021), and one year later accepted a final US$1,500 (equivalent to $7,143 in 2021) to forfeit any potential future claims against the newly incorporated Apple."
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