Monday, June 29, 2020
Wayne rapidly grew concerned that any debts incurred by the business would fall on him, personally. Jobs had taken out a $15,000 loan so he could buy supplies to fulfill Apple’s first contract with a Bay Area computer store, The Byte Shop, which had ordered around 100 computers, Wayne tells Business Insider. But The Byte Shop was known for failing to pay its bills and Wayne worried that Apple wouldn’t be able to recoup the money.
While both Jobs and Wozniak were young and broke, Wayne had assets, including a house, and feared that the financial burden would fall on him if the deal went south.