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"disqusTitle": "No Ka-Ching-A for Shares of Zynga as Stock Loses 5% on First Day; Analysis",
"title": "No Ka-Ching-A for Shares of Zynga as Stock Loses 5% on First Day; Analysis",
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"content": "\u003cp>I talked to \u003ca href=\"http://www.mercurynews.com/chris-obrien\">Chris O'Brien\u003c/a>, business and technology columnist for the San Jose Mercury News, about today's \u003ca href=\"http://www.marketwatch.com/story/zynga-gets-mild-initial-public-reception-2011-12-16?siteid=yhoof2\">Zynga IPO dud\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>This really ends the year on a sour note for the tech IPO market. It's a momentum killer. Heading into next year, all eyes will be on Facebook. But it's not clear there are any other potential IPOs big enough to restore that momentum.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\n\u003cp>If you want to turn the Zynga performance on its head, you could argue that investors showed a rare bit of logic rather than emotion.\u003c/p>\n\u003c/aside>\n\u003cp>There was an expectation that because Zynga had lowered its offering range and they were offering a limited amount of stock there would be enough pent-up demand among investors that it would get driven up pretty high on the first day as is typical of this kind of offering.\u003c/p>\n\u003cp>I think there are two things at work here; first off their updated filings with their results the last couple of quarters have not been spectacular. They've been good with increased revenue but it seems like their growth has slowed a bit.\u003c/p>\n\u003cp>Second, there's some question about their model going forward. there's been some flatness in the number of users playing their games, even dropping a little bit. They had started to talk about their business in terms of what they call the movie studio model, depending on them producing the next hit as it were. Certainly that's doable, but the movie business is not the most dependable, robust business in the world. There's a lot of uncertainty as to how products will perform. So that may have made investors a bit nervous.\u003c/p>\n\u003cp>The last bit of it may have been a bit of fatigue with the number of offerings we've seen from the social media space. It's worth noting on the whole that the sector has not performed well. A lot of us assumed in some ways that investors would continue to defy logic and bid up the prices on the first day. But if you look at the way the IPOs have performed, the vast majority are under their offering price for the year.\u003c/p>\n\u003cp>If you want to turn the Zynga performance on its head, you could argue that investors showed a rare bit of logic rather than emotion.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c!--more-->\u003cbr>\n\u003cstrong>Update 1:30 p.m.\u003c/strong>: \u003ca href=\"http://finance.yahoo.com/q?s=znga&ql=1\">Shares\u003c/a> of San Francisco-based online game company Zynga closed their first day of trading at \u003ca href=\"http://www.marketwatch.com/story/zynga-gets-mild-initial-public-reception-2011-12-16?siteid=yhoof2\">$9.50\u003c/a>, down from their opening price of $10.\u003c/p>\n\u003cp>This is a far cry from the heady first trading days of two other local tech companies that went public this year, LinkedIn and Pandora. Investors bid up \u003ca href=\"http://www.bloomberg.com/news/2011-06-14/pandora-media-raises-234-9-million-in-ipo-after-pricing-stock-above-range.html\">Pandora shares 9 percent\u003c/a> on their first trading day in June and \u003ca href=\"http://www.reuters.com/article/2011/05/19/us-linkedin-ipo-risks-idUSTRE74H0TL20110519\">more than doubled LinkedIn's opening stock price\u003c/a> in May.\u003c/p>\n\u003cp>Of course, an opening day does not a season make. \u003ca href=\"http://finance.yahoo.com/q?s=p&ql=1\">Pandora stock\u003c/a> is now down nearly 35 percent from its IPO price, and \u003ca href=\"http://finance.yahoo.com/q?s=lnkd&ql=1\">LinkedIn shares\u003c/a> have taken a 20 percent haircut off their opening.\u003c/p>\n\u003cp>In any event, a one possible narrative emerging in terms of tech stocks is found in this Reuters headline:\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\"\u003ca href=\"http://www.reuters.com/article/2011/12/16/zynga-idUSL1E7NGPQ20111216?type=companyNews&feedType=RSS&feedName=companyNews&rpc=43\">Zynga falters in debut, sheds doubt on IPO market\u003c/a>.\"\u003c/p>\n\u003cp>The joy in Farmville today must be a little muted...\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>\u003cem>Original post\u003c/em>\u003c/p>\n\u003cp>NEW YORK (AP) -- Investors will get the chance to reap \"Farmville's\" harvest on Friday, as shares of online game developer \u003ca href=\"http://company.zynga.com/\">Zynga Inc\u003c/a>. start trading on the Nasdaq Stock Market.\u003c/p>\n\u003cp>The San Francisco company, which specializes in Facebook games, priced its initial public offering late Thursday at $10 per share, raising $1 billion. That makes it the largest Internet-related IPO since Google Inc. went public in 2004, raising $1.4 billion.\u003c/p>\n\u003cp>The price was at the top of its expected range, a sign that investors are eager to dig into the latest in a series of high-profile technology IPOs this year. It values the company at about $7 billion.\u003c/p>\n\u003cp>Zynga charges small amounts of money — a few cents, sometimes a couple of dollars — for virtual items in online games. The games are free to play. Players can aquire items that range from crops in \"Farmville\" to buildings in \"CityVille,\" its most popular Facebook game.\u003c/p>\n\u003cp>With its huge player base and a few loyal spenders, Zynga earned a net income of $90.6 million in 2010, an unusual pre-IPO money maker in the sector.\u003c/p>\n\u003cp>Cowen & Co. analyst Doug Creutz, however, initiated coverage Friday with a \"Neutral\" rating on the stock. While Zynga is the leader in Facebook gaming, he's concerned that it won't be able to grow fast enough to justify its stock price. Growth in Facebook gaming has slowed, and Zynga's market share has declined from 50 percent to 38 percent of daily active users, he wrote.\u003c/p>\n\u003cp>He's also concerned that Zynga's famously aggressive and hard-charging culture may not be the best field to grow good games in. Others have raised concerns that the focus on deadlines and profits might be squeezing out creativity and talent.\u003c/p>\n\u003cp>In November, online coupon company Groupon Inc. raised $700 million in its IPO. The granddaddy of all Internet IPOs might happen next year, as Facebook Inc. is expected to raise as much as $10 billion.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Zyna will trade under the ticker \"ZNGA\" on Friday.\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://finance.yahoo.com/news/meet-the-zynga-ipo-millionaires--and-one-billionaire--club.html\">Meet the Zynga IPO Millionaires (and One Billionaire) Club\u003c/a> (The Wall Street Journal)\u003c/li>\n\u003c/ul>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>I talked to \u003ca href=\"http://www.mercurynews.com/chris-obrien\">Chris O'Brien\u003c/a>, business and technology columnist for the San Jose Mercury News, about today's \u003ca href=\"http://www.marketwatch.com/story/zynga-gets-mild-initial-public-reception-2011-12-16?siteid=yhoof2\">Zynga IPO dud\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>This really ends the year on a sour note for the tech IPO market. It's a momentum killer. Heading into next year, all eyes will be on Facebook. But it's not clear there are any other potential IPOs big enough to restore that momentum.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\n\u003cp>If you want to turn the Zynga performance on its head, you could argue that investors showed a rare bit of logic rather than emotion.\u003c/p>\n\u003c/aside>\n\u003cp>There was an expectation that because Zynga had lowered its offering range and they were offering a limited amount of stock there would be enough pent-up demand among investors that it would get driven up pretty high on the first day as is typical of this kind of offering.\u003c/p>\n\u003cp>I think there are two things at work here; first off their updated filings with their results the last couple of quarters have not been spectacular. They've been good with increased revenue but it seems like their growth has slowed a bit.\u003c/p>\n\u003cp>Second, there's some question about their model going forward. there's been some flatness in the number of users playing their games, even dropping a little bit. They had started to talk about their business in terms of what they call the movie studio model, depending on them producing the next hit as it were. Certainly that's doable, but the movie business is not the most dependable, robust business in the world. There's a lot of uncertainty as to how products will perform. So that may have made investors a bit nervous.\u003c/p>\n\u003cp>The last bit of it may have been a bit of fatigue with the number of offerings we've seen from the social media space. It's worth noting on the whole that the sector has not performed well. A lot of us assumed in some ways that investors would continue to defy logic and bid up the prices on the first day. But if you look at the way the IPOs have performed, the vast majority are under their offering price for the year.\u003c/p>\n\u003cp>If you want to turn the Zynga performance on its head, you could argue that investors showed a rare bit of logic rather than emotion.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c!--more-->\u003cbr>\n\u003cstrong>Update 1:30 p.m.\u003c/strong>: \u003ca href=\"http://finance.yahoo.com/q?s=znga&ql=1\">Shares\u003c/a> of San Francisco-based online game company Zynga closed their first day of trading at \u003ca href=\"http://www.marketwatch.com/story/zynga-gets-mild-initial-public-reception-2011-12-16?siteid=yhoof2\">$9.50\u003c/a>, down from their opening price of $10.\u003c/p>\n\u003cp>This is a far cry from the heady first trading days of two other local tech companies that went public this year, LinkedIn and Pandora. Investors bid up \u003ca href=\"http://www.bloomberg.com/news/2011-06-14/pandora-media-raises-234-9-million-in-ipo-after-pricing-stock-above-range.html\">Pandora shares 9 percent\u003c/a> on their first trading day in June and \u003ca href=\"http://www.reuters.com/article/2011/05/19/us-linkedin-ipo-risks-idUSTRE74H0TL20110519\">more than doubled LinkedIn's opening stock price\u003c/a> in May.\u003c/p>\n\u003cp>Of course, an opening day does not a season make. \u003ca href=\"http://finance.yahoo.com/q?s=p&ql=1\">Pandora stock\u003c/a> is now down nearly 35 percent from its IPO price, and \u003ca href=\"http://finance.yahoo.com/q?s=lnkd&ql=1\">LinkedIn shares\u003c/a> have taken a 20 percent haircut off their opening.\u003c/p>\n\u003cp>In any event, a one possible narrative emerging in terms of tech stocks is found in this Reuters headline:\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\"\u003ca href=\"http://www.reuters.com/article/2011/12/16/zynga-idUSL1E7NGPQ20111216?type=companyNews&feedType=RSS&feedName=companyNews&rpc=43\">Zynga falters in debut, sheds doubt on IPO market\u003c/a>.\"\u003c/p>\n\u003cp>The joy in Farmville today must be a little muted...\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>\u003cem>Original post\u003c/em>\u003c/p>\n\u003cp>NEW YORK (AP) -- Investors will get the chance to reap \"Farmville's\" harvest on Friday, as shares of online game developer \u003ca href=\"http://company.zynga.com/\">Zynga Inc\u003c/a>. start trading on the Nasdaq Stock Market.\u003c/p>\n\u003cp>The San Francisco company, which specializes in Facebook games, priced its initial public offering late Thursday at $10 per share, raising $1 billion. That makes it the largest Internet-related IPO since Google Inc. went public in 2004, raising $1.4 billion.\u003c/p>\n\u003cp>The price was at the top of its expected range, a sign that investors are eager to dig into the latest in a series of high-profile technology IPOs this year. It values the company at about $7 billion.\u003c/p>\n\u003cp>Zynga charges small amounts of money — a few cents, sometimes a couple of dollars — for virtual items in online games. The games are free to play. Players can aquire items that range from crops in \"Farmville\" to buildings in \"CityVille,\" its most popular Facebook game.\u003c/p>\n\u003cp>With its huge player base and a few loyal spenders, Zynga earned a net income of $90.6 million in 2010, an unusual pre-IPO money maker in the sector.\u003c/p>\n\u003cp>Cowen & Co. analyst Doug Creutz, however, initiated coverage Friday with a \"Neutral\" rating on the stock. While Zynga is the leader in Facebook gaming, he's concerned that it won't be able to grow fast enough to justify its stock price. Growth in Facebook gaming has slowed, and Zynga's market share has declined from 50 percent to 38 percent of daily active users, he wrote.\u003c/p>\n\u003cp>He's also concerned that Zynga's famously aggressive and hard-charging culture may not be the best field to grow good games in. Others have raised concerns that the focus on deadlines and profits might be squeezing out creativity and talent.\u003c/p>\n\u003cp>In November, online coupon company Groupon Inc. raised $700 million in its IPO. The granddaddy of all Internet IPOs might happen next year, as Facebook Inc. is expected to raise as much as $10 billion.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Zyna will trade under the ticker \"ZNGA\" on Friday.\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://finance.yahoo.com/news/meet-the-zynga-ipo-millionaires--and-one-billionaire--club.html\">Meet the Zynga IPO Millionaires (and One Billionaire) Club\u003c/a> (The Wall Street Journal)\u003c/li>\n\u003c/ul>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>Signs you're getting older: \u003c/p>\n\u003cul>\n\u003cli>Less hair\u003c/li>\n\u003cli>Lower sex drive\u003c/li>\n\u003cli>Seven out of every 10 conversations related to home refinancing\u003c/li>\n\u003cli>Diminishing recognition of items on the \u003ca href=\"http://www.googlezeitgeist.com/en\">\u003cstrong>Google Zeitgeist list\u003c/strong>\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cp>This year I'm drawing a blank on four of the top 10. No I won't say which and yes I've heard of the iPad 2. \u003c/p>\n\u003cp>Since 2001, Google has released a \"year-end zeitgeist,\" a \"view into what searches revealed about the interests, passions, and issues for the year.\" (\u003ca href=\"http://www.google.com/intl/en/press/zeitgeist/yearend.html\">See all the year-ends here\u003c/a>.)\u003c/p>\n\u003cp>Google explains it this way:\u003c/p>\n\u003cblockquote>\u003cp>\"Zeitgeist\" means \"the spirit of the times\", and Google reveals this spirit through the aggregation of millions of search queries we receive every day.\"\u003c/p>\u003c/blockquote>\n\u003cp>Go ahead and poke around on the \u003ca href=\"http://www.googlezeitgeist.com/en/\">Zeitgeist site\u003c/a> -- you'll find all kinds of data from the Search Engine That Knows All.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Here's Google's \u003ca href=\"http://www.youtube.com/watch?v=SAIEamakLoY&feature=youtu.be\">video recap of 2011\u003c/a>...\u003c/p>\n\u003cdiv style=\"text-align: center\">\u003ciframe width=\"480\" height=\"274\" src=\"http://www.youtube.com/embed/SAIEamakLoY\" frameborder=\"0\">\u003c/iframe>\u003c/div>\n\u003cp>\u003c/p>\n\u003cp>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Signs you're getting older: \u003c/p>\n\u003cul>\n\u003cli>Less hair\u003c/li>\n\u003cli>Lower sex drive\u003c/li>\n\u003cli>Seven out of every 10 conversations related to home refinancing\u003c/li>\n\u003cli>Diminishing recognition of items on the \u003ca href=\"http://www.googlezeitgeist.com/en\">\u003cstrong>Google Zeitgeist list\u003c/strong>\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cp>This year I'm drawing a blank on four of the top 10. No I won't say which and yes I've heard of the iPad 2. \u003c/p>\n\u003cp>Since 2001, Google has released a \"year-end zeitgeist,\" a \"view into what searches revealed about the interests, passions, and issues for the year.\" (\u003ca href=\"http://www.google.com/intl/en/press/zeitgeist/yearend.html\">See all the year-ends here\u003c/a>.)\u003c/p>\n\u003cp>Google explains it this way:\u003c/p>\n\u003cblockquote>\u003cp>\"Zeitgeist\" means \"the spirit of the times\", and Google reveals this spirit through the aggregation of millions of search queries we receive every day.\"\u003c/p>\u003c/blockquote>\n\u003cp>Go ahead and poke around on the \u003ca href=\"http://www.googlezeitgeist.com/en/\">Zeitgeist site\u003c/a> -- you'll find all kinds of data from the Search Engine That Knows All.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"title": "Videos: The Guy Who Sold the Apple Docs For $1.6 Million and the Guy Who Sold Them for $500 (After Bowing Out of Apple in 1976)",
"headTitle": "Videos: The Guy Who Sold the Apple Docs For $1.6 Million and the Guy Who Sold Them for $500 (After Bowing Out of Apple in 1976) | KQED",
"content": "\u003cp>The mania of postmortem remembrance of Steve Jobs may have reached its apotheosis on Tuesday when the founding documents of Apple — signed by Jobs, Steve Wozniak, and a third partner — were \u003ca href=\"http://ww2.kqed.org/news/2011/12/13/sothebys-auctioning-apple-computers-founding-contract/\">bought at auction for $1.59 million\u003c/a>.\u003c/p>\n\u003cfigure id=\"attachment_50266\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/jobswoz.jpg\">\u003cimg decoding=\"async\" loading=\"lazy\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/jobswoz-300x202.jpg\" alt=\"\" title=\"jobswoz\" width=\"300\" height=\"202\" class=\"size-medium wp-image-50266\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Steve Jobs and Steve Wozniak at the first West Coast Computer Faire, where the Apple II computer was debuted, in San Francisco in April 1977. (Tom Munnecke/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>The documents — which were initially valued at $100-150,000 by Sotheby’s — were sold by Wade Saadi, founder and CEO of Pencom Systems. \u003ca href=\"http://www.bloomberg.com/video/82498812/\">\u003cstrong>Here he is on video\u003c/strong>\u003c/a> last Friday, five days before the auction, talking to Bloomberg’s Margaret Brennan.\u003c/p>\n\u003cp>“I never really told anyone except my close friends that I had it,” said Saadi, “and when Steve Jobs died that’s when the phone started to ring… To me they represent a point in time when I was fascinated with what Steve Jobs had accomplished at Apple Computer, not only developing a personal computer that Xerox never thought would go anywhere, but successfully marketing it.”\u003c/p>\n\u003cp>So who did Saadi purchase the precious papers from in the first place? He says he bought them from one of the signees himself — \u003ca href=\"http://www.ronaldgwayne.com/\">Ron Wayne\u003c/a> — for “several thousand dollars.” (Wayne himself says he sold them to an autograph collector for $500. \u003ca href=\"http://ww2.kqed.org/news/2011/12/15/meet-the-guy-who-sold-the-apple-founding-documents-for-1-6-million-and-the-guy-who-sold-them-for-500/#wayne\">See below\u003c/a>.) Wayne is famous as the third founder of Apple, the one who bowed out of the newly minted corporation just 11 days after signing it into existence, thus enshrining him as perhaps the least financially prescient individual of all time. \u003c!--more-->\u003c/p>\n\u003cp>In an \u003ca href=\"../2011/12/08/interview-apple-employee-no-12-dan-kottke-on-the-early-days-jobs-and-woz-stock-options-pt-ii/\">interview\u003c/a> with Peter Jon Shuler a few months ago, Apple employee No. 12 Dan Kottke had this to say about Wayne’s involvement with Apple:\u003c/p>\n\u003cblockquote>\u003cp>…then there was the small item of the $30,000 worth of small parts that needed to be ordered. That was the point at which Ron Wayne, who was the third founding partner, got cold feet, because he had a mortgage to pay, unlike these 2 kids. He felt like he was the adult and he couldn’t keep up with these guys. When Steve Jobs told him he had ordered $30,000 worth of parts, that was a lot of money, and Ron backed out.\u003c/p>\u003c/blockquote>\n\u003cp>The contract Wayne signed, then backed out of, gave him 10 percent ownership in Apple, which today comes out to something like $35 billion. Wayne has said he’s not bitter about his decision. But that’s an awful lot of money to get philosophical about. One would think this week’s $1.6 million sale can only add insult to whatever injury there is.\u003cbr>\n\u003ca name=\"wayne\">\u003c/a>\u003cbr>\nIn this Dec 9 Bloomberg video, starting at 2:38, \u003ca href=\"http://bloom.bg/uCNsq7#ooid=NleGM0Mzoxl1z0q3zBiR6uevUkUCMOPs\">\u003cstrong>Wayne speaks about the documents from his home in Las Vegas\u003c/strong>\u003c/a>, and lets it be known that he’s not a rich guy. \u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>“To be absolutely candid with you, I knew those documents would have some value in the far future. It never occurred to me it would have occurred during my lifetime…as just a casual employee earning a normal sum of money every week, this individual who was collecting famous signatures — I contacted them through an ad they had, and we agreed on a mutual price of $500.”\u003c/p>\n\u003cp>When asked if he had any interest in buying the documents back– they were valued at $150,000 at the time of the interview — Wayne said, “if I did I wouldn’t be able to. I can’t come close to that kind of money.” \u003c/p>\n\u003cp>Here’s part of Wayne’s biography from Wikipedia:\u003c/p>\n\u003cblockquote>\u003cp>After Apple, Wayne resisted Jobs’s attempts to recruit him back to Apple, remaining at Atari until 1978 when he joined Lawrence Livermore National Laboratory, and later a Salinas, California electronics company. He is retired and sells stamps, rare coins, and gold from his Pahrump, Nevada home, and had never owned an Apple product until 2011, when he was given an iPad 2 by Aral Balkan at the Update Conference in Brighton, United Kingdom.\u003c/p>\n\u003cp>Wayne also ran a stamp shop in Milpitas, California for a short period of time in the late ’70s, “Wayne’s Philatelics”, on Dempsey Road. After a number of break-ins he moved his stamp operations to Nevada. Interestingly, his logo for the business was a wood-cut style design, with a man sitting under an apple tree, with the “Wayne’s Philatelics” name written in a flowing ribbon curved around the tree. This particular logo is interesting because it was the original logo he designed for Apple Computer.\u003c/p>\n\u003cp>He holds a dozen patents but never had enough capital to make money off any of them.\u003c/p>\u003c/blockquote>\n\u003cp>And here’s \u003ca href=\"http://www.youtube.com/watch?v=6DwrAzUm6Os#t=10m16s\">video\u003c/a> from the \u003ca href=\"http://video.pbs.org/video/2163706349\">PBS documentary “Steve Jobs — One Last Thing”\u003c/a> , in which Wayne talks about those earliest days of Apple. Wayne says he liked Woz, not so much Jobs, and that at age 40 he felt he couldn’t keep up with them. \u003c/p>\n\u003cdiv style=\"text-align: center\">\u003ciframe loading=\"lazy\" width=\"480\" height=\"274\" src=\"http://www.youtube.com/embed/6DwrAzUm6Os#t=10m16s\" frameborder=\"0\">\u003c/iframe>\u003c/div>\n\u003cp>\u003c/p>\n\u003cp>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>The mania of postmortem remembrance of Steve Jobs may have reached its apotheosis on Tuesday when the founding documents of Apple — signed by Jobs, Steve Wozniak, and a third partner — were \u003ca href=\"http://ww2.kqed.org/news/2011/12/13/sothebys-auctioning-apple-computers-founding-contract/\">bought at auction for $1.59 million\u003c/a>.\u003c/p>\n\u003cfigure id=\"attachment_50266\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/jobswoz.jpg\">\u003cimg decoding=\"async\" loading=\"lazy\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/jobswoz-300x202.jpg\" alt=\"\" title=\"jobswoz\" width=\"300\" height=\"202\" class=\"size-medium wp-image-50266\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Steve Jobs and Steve Wozniak at the first West Coast Computer Faire, where the Apple II computer was debuted, in San Francisco in April 1977. (Tom Munnecke/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>The documents — which were initially valued at $100-150,000 by Sotheby’s — were sold by Wade Saadi, founder and CEO of Pencom Systems. \u003ca href=\"http://www.bloomberg.com/video/82498812/\">\u003cstrong>Here he is on video\u003c/strong>\u003c/a> last Friday, five days before the auction, talking to Bloomberg’s Margaret Brennan.\u003c/p>\n\u003cp>“I never really told anyone except my close friends that I had it,” said Saadi, “and when Steve Jobs died that’s when the phone started to ring… To me they represent a point in time when I was fascinated with what Steve Jobs had accomplished at Apple Computer, not only developing a personal computer that Xerox never thought would go anywhere, but successfully marketing it.”\u003c/p>\n\u003cp>So who did Saadi purchase the precious papers from in the first place? He says he bought them from one of the signees himself — \u003ca href=\"http://www.ronaldgwayne.com/\">Ron Wayne\u003c/a> — for “several thousand dollars.” (Wayne himself says he sold them to an autograph collector for $500. \u003ca href=\"http://ww2.kqed.org/news/2011/12/15/meet-the-guy-who-sold-the-apple-founding-documents-for-1-6-million-and-the-guy-who-sold-them-for-500/#wayne\">See below\u003c/a>.) Wayne is famous as the third founder of Apple, the one who bowed out of the newly minted corporation just 11 days after signing it into existence, thus enshrining him as perhaps the least financially prescient individual of all time. \u003c!--more-->\u003c/p>\n\u003cp>In an \u003ca href=\"../2011/12/08/interview-apple-employee-no-12-dan-kottke-on-the-early-days-jobs-and-woz-stock-options-pt-ii/\">interview\u003c/a> with Peter Jon Shuler a few months ago, Apple employee No. 12 Dan Kottke had this to say about Wayne’s involvement with Apple:\u003c/p>\n\u003cblockquote>\u003cp>…then there was the small item of the $30,000 worth of small parts that needed to be ordered. That was the point at which Ron Wayne, who was the third founding partner, got cold feet, because he had a mortgage to pay, unlike these 2 kids. He felt like he was the adult and he couldn’t keep up with these guys. When Steve Jobs told him he had ordered $30,000 worth of parts, that was a lot of money, and Ron backed out.\u003c/p>\u003c/blockquote>\n\u003cp>The contract Wayne signed, then backed out of, gave him 10 percent ownership in Apple, which today comes out to something like $35 billion. Wayne has said he’s not bitter about his decision. But that’s an awful lot of money to get philosophical about. One would think this week’s $1.6 million sale can only add insult to whatever injury there is.\u003cbr>\n\u003ca name=\"wayne\">\u003c/a>\u003cbr>\nIn this Dec 9 Bloomberg video, starting at 2:38, \u003ca href=\"http://bloom.bg/uCNsq7#ooid=NleGM0Mzoxl1z0q3zBiR6uevUkUCMOPs\">\u003cstrong>Wayne speaks about the documents from his home in Las Vegas\u003c/strong>\u003c/a>, and lets it be known that he’s not a rich guy. \u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cp>Here's something you probably didn't need to have reinforced for the 7,000th time as you surreptitiously update your resume on your cruddy work computer: Facebook, Google, and Apple are dynamite places to be employed. \u003c/p>\n\u003cp>That's according to this year's Glassdoor.com ratings, provided by actual employees. The web site has published the \u003ca href=\"http://www.glassdoor.com/Best-Places-to-Work-LST_KQ0,19.htm\">\u003cstrong>top 50\u003c/strong>\u003c/a>; here are the Bay Area employers that made the list:\u003c/p>\n\u003cul>\n\u003cli>Facebook (Rank: 3, Rating: 4.3, HQ: Palo Alto, CA)\n\u003c/li>\u003cli> Google (Rank: 5, Rating: 4.0, HQ: Mountain View, CA)\n\u003c/li>\u003cli> Apple (Rank: 10, Rating: 3.9, HQ: Cupertino, CA)\n\u003c/li>\u003cli> Salesforce.com (Rank: 13, Rating: 3.9, HQ: San Francisco, CA)\n\u003c/li>\u003cli> Chevron (Rank: 16, Rating: 3.8, HQ: San Ramon, CA)\n\u003c/li>\u003cli> NetApp (Rank: 30, Rating: 3.7, HQ: Sunnyvale, CA)\n\u003c/li>\u003cli> Intel Corporation (Rank: 32, Rating: 3.6, HQ: Santa Clara, CA)\n\u003c/li>\u003cli> Sephora USA (Rank: 39, Rating: 3.6, HQ: San Francisco, CA)\n\u003c/li>\u003cli> Intuit (Rank 42, Rating: 3.6, HQ: Mountain View, CA)\n\u003c/li>\u003cli> NVIDEA (Rank: 49, Rating: 3.5, HQ: Santa Clara, CA)\n\u003c/li>\u003c/ul>\n\u003cp>In October we blogged this Mashable \u003ca href=\"http://mashable.com/2011/10/17/google-facebook-twitter-linkedin-perks-infographic/\">infographic showing the amenities and benefits provided at some Bay Area tech companies\u003c/a>. Not sure if it's the free leather repair at Facebook or the rock climbing wall at Google that put them over the top in this year's survey. Facebook was No. 1 \u003ca href=\"http://www.glassdoor.com/Best-Places-to-Work-2011-LST_KQ0,24.htm\">last year\u003c/a>.\u003c/p>\n\u003cp>But do they get a free tote bag? \u003c/p>\n\u003cp>Oh snap! Bang! Take that FaceBoogle!\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The No. 1 company in the country, by the way, was Bain & Company, where Mitt Romney was a bigwig in the 70s and 80s. \u003c/p>\n\n",
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"title": "Apple Computer's Founding Contract Sold for $1.59 Million; Listen to the Bidding",
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"content": "\u003cfigure id=\"attachment_49852\" class=\"wp-caption alignright\" style=\"max-width: 248px\">\u003cimg loading=\"lazy\" decoding=\"async\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/Jobshighlight.jpg\" alt=\"\" title=\"Jobshighlight\" width=\"248\" height=\"140\" class=\"size-full wp-image-49852\">\u003cfigcaption class=\"wp-caption-text\">Peter Macdiarmid/Getty Images\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cstrong>Update Dec 14\u003c/strong> The documents originally belonged to Ronald Wayne, an original partner of Jobs and Wozniak who bowed out only 11 days after incorporating (ouch). According to Bloomberg, Wayne sold the papers for several thousand dollars (ouch again) in 1994 to Wade Saadi, who cashed in yesterday. Watch the \u003ca href=\"http://www.bloomberg.com/video/82498812/\">Bloomberg interview with Saadi here\u003c/a>.\u003c/p>\n\u003cp>Wayne has said he has no regrets about bowing out of Apple. Watch him interviewed 11 minutes into this \u003ca href=\"http://video.pbs.org/video/2163706349\">PBS documentary\u003c/a>.\u003c/p>\n\u003cp>\u003cstrong>Update 2 p.m.\u003c/strong> When the auctioner’s fee is included, \u003ca href=\"http://www.bloomberg.com/news/2011-12-13/founding-apple-contract-signed-by-jobs-soars-to-1-6-million-at-sotheby-s.html\">Bloomberg pegs the price at $1.59 million\u003c/a>, almost a quarter-millon more than the final bid.\u003c/p>\n\u003cp>No word yet on who bought it. \u003c/p>\n\u003cp>Bloomberg includes this interesting tidbit about contract signee \u003ca href=\"https://www.google.com/search?q=ron+wayne\">Ronald Wayne\u003c/a>, who was the third founder of Apple along with Jobs and Wozniak:\u003c/p>\n\u003cblockquote>\u003cp>Eleven days after signing the contract, Wayne withdrew as a partner. The move is documented by a County of Santa Clara, California, statement and an amendment to the contract, both of which were included in the Sotheby’s lot. Wayne received $800 for relinquishing his 10 percent ownership of Apple, according to the document. He subsequently received an additional payment of $1,500, according to Sotheby’s. \u003c/p>\u003c/blockquote>\n\u003cp>In an \u003ca href=\"http://ww2.kqed.org/news/2011/12/08/interview-apple-employee-no-12-dan-kottke-on-the-early-days-jobs-and-woz-stock-options-pt-ii/\">interview\u003c/a> with Peter Jon Shuler a few months ago, Apple employee No. 12 Dan Kottke had this to say about Wayne’s involvement with Apple:\u003c/p>\n\u003cblockquote>\u003cp>…then there was the small item of the $30,000 worth of small parts that needed to be ordered. That was the point at which Ron Wayne, who was the third founding partner, got cold feet, because he had a mortgage to pay, unlike these 2 kids. He felt like he was the adult and he couldn’t keep up with these guys. When Steve Jobs told him he had ordered $30,000 worth of parts, that was a lot of money, and Ron backed out. \u003c/p>\u003c/blockquote>\n\u003cp>I guess he’s sort of the \u003ca href=\"https://www.google.com/search?q=pete+best\">Pete Best\u003c/a> of the personal computer age…\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003cem>Original post\u003c/em>\u003cbr>\nFor the true SteveJobsaphilic, Sotheby’s today \u003ca href=\"http://www.bloomberg.com/news/2011-11-28/apple-founding-contract-signed-by-jobs-could-fetch-150-000-at-sotheby-s.html\">auctioned off the April 1, 1976 contract, signed by Jobs, Woz, and Ronald Wayne, which established Apple as a company\u003c/a>. Sotheby’s estimated the value of the two typed documents — \u003ca href=\"http://www.sothebys.com/en/catalogues/ecatalogue.html/2011/fine-books-manuscripts-n08811#/r=/en/ecat.fhtml.N08811.html+r.m=/en/ecat.lot.N08811.html/241/\">Lot 241\u003c/a> — at between $100-$150,000, but the bidding far surpassed that price with the winning bidding coming in at \u003cdel datetime=\"2011-12-13T22:00:11+00:00\">$1,350,000\u003c/del> $1.59 million.\u003c/p>\n\u003cp>Man, hope they threw in an iPad or something…\u003c/p>\n\u003cp>KQED newscaster Joshua Johnson was the only person in the office geeky enough to not only notice this was going on, but to actually record it. Catch all the thrilling action below. We’re working on getting John Madden to do a dramatic re-enactment…\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/sohtebys.mp3\">\u003cstrong>Audio: Listen to the bidding at Sotheby’s\u003c/strong>\u003c/a>\u003cbr>\n[audio:http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/sohtebys.mp3|titles=sohtebys]\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003c/p>\nAlso, for a little background on the earliest days of Apple, check out Peter Jon Shuler’s \u003ca href=\"http://ww2.kqed.org/news/tag/dan-kottke/\">interviews with company employee No. 12 Dan Kottke\u003c/a>. \n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_49852\" class=\"wp-caption alignright\" style=\"max-width: 248px\">\u003cimg loading=\"lazy\" decoding=\"async\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/Jobshighlight.jpg\" alt=\"\" title=\"Jobshighlight\" width=\"248\" height=\"140\" class=\"size-full wp-image-49852\">\u003cfigcaption class=\"wp-caption-text\">Peter Macdiarmid/Getty Images\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cstrong>Update Dec 14\u003c/strong> The documents originally belonged to Ronald Wayne, an original partner of Jobs and Wozniak who bowed out only 11 days after incorporating (ouch). According to Bloomberg, Wayne sold the papers for several thousand dollars (ouch again) in 1994 to Wade Saadi, who cashed in yesterday. Watch the \u003ca href=\"http://www.bloomberg.com/video/82498812/\">Bloomberg interview with Saadi here\u003c/a>.\u003c/p>\n\u003cp>Wayne has said he has no regrets about bowing out of Apple. Watch him interviewed 11 minutes into this \u003ca href=\"http://video.pbs.org/video/2163706349\">PBS documentary\u003c/a>.\u003c/p>\n\u003cp>\u003cstrong>Update 2 p.m.\u003c/strong> When the auctioner’s fee is included, \u003ca href=\"http://www.bloomberg.com/news/2011-12-13/founding-apple-contract-signed-by-jobs-soars-to-1-6-million-at-sotheby-s.html\">Bloomberg pegs the price at $1.59 million\u003c/a>, almost a quarter-millon more than the final bid.\u003c/p>\n\u003cp>No word yet on who bought it. \u003c/p>\n\u003cp>Bloomberg includes this interesting tidbit about contract signee \u003ca href=\"https://www.google.com/search?q=ron+wayne\">Ronald Wayne\u003c/a>, who was the third founder of Apple along with Jobs and Wozniak:\u003c/p>\n\u003cblockquote>\u003cp>Eleven days after signing the contract, Wayne withdrew as a partner. The move is documented by a County of Santa Clara, California, statement and an amendment to the contract, both of which were included in the Sotheby’s lot. Wayne received $800 for relinquishing his 10 percent ownership of Apple, according to the document. He subsequently received an additional payment of $1,500, according to Sotheby’s. \u003c/p>\u003c/blockquote>\n\u003cp>In an \u003ca href=\"http://ww2.kqed.org/news/2011/12/08/interview-apple-employee-no-12-dan-kottke-on-the-early-days-jobs-and-woz-stock-options-pt-ii/\">interview\u003c/a> with Peter Jon Shuler a few months ago, Apple employee No. 12 Dan Kottke had this to say about Wayne’s involvement with Apple:\u003c/p>\n\u003cblockquote>\u003cp>…then there was the small item of the $30,000 worth of small parts that needed to be ordered. That was the point at which Ron Wayne, who was the third founding partner, got cold feet, because he had a mortgage to pay, unlike these 2 kids. He felt like he was the adult and he couldn’t keep up with these guys. When Steve Jobs told him he had ordered $30,000 worth of parts, that was a lot of money, and Ron backed out. \u003c/p>\u003c/blockquote>\n\u003cp>I guess he’s sort of the \u003ca href=\"https://www.google.com/search?q=pete+best\">Pete Best\u003c/a> of the personal computer age…\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cem>Original post\u003c/em>\u003cbr>\nFor the true SteveJobsaphilic, Sotheby’s today \u003ca href=\"http://www.bloomberg.com/news/2011-11-28/apple-founding-contract-signed-by-jobs-could-fetch-150-000-at-sotheby-s.html\">auctioned off the April 1, 1976 contract, signed by Jobs, Woz, and Ronald Wayne, which established Apple as a company\u003c/a>. Sotheby’s estimated the value of the two typed documents — \u003ca href=\"http://www.sothebys.com/en/catalogues/ecatalogue.html/2011/fine-books-manuscripts-n08811#/r=/en/ecat.fhtml.N08811.html+r.m=/en/ecat.lot.N08811.html/241/\">Lot 241\u003c/a> — at between $100-$150,000, but the bidding far surpassed that price with the winning bidding coming in at \u003cdel datetime=\"2011-12-13T22:00:11+00:00\">$1,350,000\u003c/del> $1.59 million.\u003c/p>\n\u003cp>Man, hope they threw in an iPad or something…\u003c/p>\n\u003cp>KQED newscaster Joshua Johnson was the only person in the office geeky enough to not only notice this was going on, but to actually record it. Catch all the thrilling action below. We’re working on getting John Madden to do a dramatic re-enactment…\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/sohtebys.mp3\">\u003cstrong>Audio: Listen to the bidding at Sotheby’s\u003c/strong>\u003c/a>\u003cbr>\n\u003c/p>\u003c/div>",
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"content": "\u003cp>Live at 10 a.m., the culture continues its non-stop fascination with Steve Jobs when Michael Krasny talks to Walter Isaacson, whose biography of the man is currently No. 1 on the \u003ca href=\"http://www.nytimes.com/best-sellers-books/2011-12-18/hardcover-nonfiction/list.html\">NY Times nonfiction best seller list\u003c/a> and was also the \u003ca href=\"http://mashable.com/2011/12/12/amazon-2011-bestsellers/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Mashable+%28Mashable%29\">No. 1 seller on Amazon this year\u003c/a>. \u003c/p>\n\u003cp>Listen live below. If you miss it, the \u003ca href=\"http://www.kqed.org/a/forum/R201112131000\">show will be archived here\u003c/a> later today.\u003c/p>\n\u003cfigure id=\"attachment_49852\" class=\"wp-caption aligncenter\" style=\"max-width: 248px\">\u003ca href=\"http://www.kqed.org/radio/listen/\">\u003cimg loading=\"lazy\" decoding=\"async\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/Jobshighlight.jpg\" alt=\"\" title=\"Jobshighlight\" width=\"248\" height=\"140\" class=\"size-full wp-image-49852\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Peter Macdiarmid/Getty Images\u003c/figcaption>\u003c/figure>\n\u003cdiv style=\"text-align: center\">\u003ca href=\"http://www.kqed.org/radio/listen/\">\u003cstrong>Listen Live\u003c/strong>\u003c/a>\u003c/div>\n\u003cp>\u003c/p>\n\n\u003cp>Also, for the true Jobsaphilic, Sotheby’s today is \u003ca href=\"http://www.bloomberg.com/news/2011-11-28/apple-founding-contract-signed-by-jobs-could-fetch-150-000-at-sotheby-s.html\">auctioning off an April 1, 1976 contract signed by Jobs, Woz, and Ronald Wayne, which established Apple as a company\u003c/a>. Sotheby’s estimates the two typed documents — \u003ca href=\"http://www.sothebys.com/en/catalogues/ecatalogue.html/2011/fine-books-manuscripts-n08811#/r=/en/ecat.fhtml.N08811.html+r.m=/en/ecat.lot.N08811.html/241/\">Lot 241\u003c/a> — will go for between $100-$150,000. \u003c/p>\n\u003cp>You can bid during or watch the auction session in which the contract will be sold at the \u003ca href=\"http://www.sothebysliveauction.com/live/sothebysliveauction.cfm?L=en&EID=N08811&CID=433&U=ZNsMlqPRSfGxplZihQTqaeKgeC&P=attVfSTpKBQQrmXsoQBrjqWwiqDSD&REDIRECT=1&LayoutID=433&tempWidth=undefined&tempHeight=undefined\">\u003cstrong>Sotheby’s site\u003c/strong>\u003c/a> at 11 a.m. These documents are the perfect stocking stuffer for any Machead! (Though I guess you probably don’t want to roll them up…)\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Live at 10 a.m., the culture continues its non-stop fascination with Steve Jobs when Michael Krasny talks to Walter Isaacson, whose biography of the man is currently No. 1 on the \u003ca href=\"http://www.nytimes.com/best-sellers-books/2011-12-18/hardcover-nonfiction/list.html\">NY Times nonfiction best seller list\u003c/a> and was also the \u003ca href=\"http://mashable.com/2011/12/12/amazon-2011-bestsellers/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Mashable+%28Mashable%29\">No. 1 seller on Amazon this year\u003c/a>. \u003c/p>\n\u003cp>Listen live below. If you miss it, the \u003ca href=\"http://www.kqed.org/a/forum/R201112131000\">show will be archived here\u003c/a> later today.\u003c/p>\n\u003cfigure id=\"attachment_49852\" class=\"wp-caption aligncenter\" style=\"max-width: 248px\">\u003ca href=\"http://www.kqed.org/radio/listen/\">\u003cimg loading=\"lazy\" decoding=\"async\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/Jobshighlight.jpg\" alt=\"\" title=\"Jobshighlight\" width=\"248\" height=\"140\" class=\"size-full wp-image-49852\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Peter Macdiarmid/Getty Images\u003c/figcaption>\u003c/figure>\n\u003cdiv style=\"text-align: center\">\u003ca href=\"http://www.kqed.org/radio/listen/\">\u003cstrong>Listen Live\u003c/strong>\u003c/a>\u003c/div>\n\u003cp>\u003c/p>\n\n\u003cp>Also, for the true Jobsaphilic, Sotheby’s today is \u003ca href=\"http://www.bloomberg.com/news/2011-11-28/apple-founding-contract-signed-by-jobs-could-fetch-150-000-at-sotheby-s.html\">auctioning off an April 1, 1976 contract signed by Jobs, Woz, and Ronald Wayne, which established Apple as a company\u003c/a>. Sotheby’s estimates the two typed documents — \u003ca href=\"http://www.sothebys.com/en/catalogues/ecatalogue.html/2011/fine-books-manuscripts-n08811#/r=/en/ecat.fhtml.N08811.html+r.m=/en/ecat.lot.N08811.html/241/\">Lot 241\u003c/a> — will go for between $100-$150,000. \u003c/p>\n\u003cp>You can bid during or watch the auction session in which the contract will be sold at the \u003ca href=\"http://www.sothebysliveauction.com/live/sothebysliveauction.cfm?L=en&EID=N08811&CID=433&U=ZNsMlqPRSfGxplZihQTqaeKgeC&P=attVfSTpKBQQrmXsoQBrjqWwiqDSD&REDIRECT=1&LayoutID=433&tempWidth=undefined&tempHeight=undefined\">\u003cstrong>Sotheby’s site\u003c/strong>\u003c/a> at 11 a.m. These documents are the perfect stocking stuffer for any Machead! (Though I guess you probably don’t want to roll them up…)\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cp>(AP) MENLO PARK — Facebook is making it easier for people who express suicidal thoughts on the social networking site to get help.\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/facebook-logo.jpg\">\u003cimg loading=\"lazy\" decoding=\"async\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/facebook-logo-300x112.jpg\" alt=\"\" title=\"facebook-logo\" width=\"200\" height=\"75\" class=\"alignleft size-medium wp-image-49835\">\u003c/a>A program launching Tuesday enables users to instantly connect with a crisis counselor through Facebook’s “chat” messaging system.\u003c/p>\n\u003cp>The service is the latest tool from Facebook aimed at improving safety on its site, which has more than 800 million users. Earlier this year, Facebook announced changes to how users report bullying, offensive content and fake profiles. \u003c/p>\n\u003cp>“One of the big goals here is to get the person in distress into the right help as soon as possible,” Fred Wolens, public policy manager at Facebook, told The Associated Press. \u003c!--more-->\u003c/p>\n\u003cp>Google and Yahoo have long provided the phone number to the National Suicide Prevention Lifeline as the first result when someone searches for “suicide” using their sites. Through email, Facebook also directed users to the hotline or encouraged friends to call law enforcement if they perceived someone was about to do harm.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The new service goes a step further by enabling an instant chat session that experts say can make all the difference with someone seeking help.\u003c/p>\n\u003cp>“The science shows that people experience reductions in suicidal thinking when there is quick intervention,” said Lidia Bernik, associate project director of Lifeline. “We’ve heard from many people who say they want to talk to someone but don’t want to call. Instant message is perfect for that.”\u003c/p>\n\u003cp>How the service works is if a friend spots a suicidal thought on someone’s page, he can report it to Facebook by clicking a link next to the comment. Facebook then sends an email to the person who posted the suicidal comment encouraging them to call the hotline or click on a link to begin a confidential chat.\u003c/p>\n\u003cp>Facebook on its own doesn’t troll the site for suicidal expressions, Wolens said. Logistically it would be far too difficult with so many users and so many comments that could be misinterpreted by a computer algorithm.\u003c/p>\n\u003cp>“The only people who will have a really good idea of what’s going on is your friends so we’re encouraging them to speak up and giving them an easy and quick way to get help,” Wolens said.\u003c/p>\n\u003cp>There have been high profile incidents of suicidal expressions on Facebook.\u003c/p>\n\u003cp>Last month, authorities in Pittsburg said a man posted a suicide note on Facebook before he killed his wife and in-laws then himself.\u003c/p>\n\u003cp>In July, police in Pennsylvania said they believed they were able to help prevent a man’s suicide after the man’s friend in California alerted police about a distraught Facebook posting. Police met with the man, who was committed to a hospital.\u003c/p>\n\u003cp>Nearly 100 Americans die by suicide every day, and 36,035 a year, according to U.S Surgeon General Regina Benjamin’s office.\u003c/p>\n\u003cp>“We have effective treatments to help suicidal individuals regain hope and a desire to live and we know how powerful personal connections and support can be,” Benjamin said in a statement. “Facebook and the Lifeline are to be commended for addressing one of this nation’s most tragic public health problems.”\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The Lifeline currently responds to dozens of users on Facebook each day. Crisis center workers will be available 24 hours a day to respond to users selecting the chat option. \u003c/p>\n\n",
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"description": "(AP) MENLO PARK -- Facebook is making it easier for people who express suicidal thoughts on the social networking site to get help. A program launching Tuesday enables users to instantly connect with a crisis counselor through Facebook's "chat" messaging system. The service is the latest tool from Facebook aimed at improving safety on its site, which has more than 800 million users. Earlier this year, Facebook announced changes to how users report bullying, offensive content and fake profiles. "One of the big goals here is to get the person in distress into the right help as soon as possible,"",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>(AP) MENLO PARK — Facebook is making it easier for people who express suicidal thoughts on the social networking site to get help.\u003c/p>\n\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/facebook-logo.jpg\">\u003cimg loading=\"lazy\" decoding=\"async\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/facebook-logo-300x112.jpg\" alt=\"\" title=\"facebook-logo\" width=\"200\" height=\"75\" class=\"alignleft size-medium wp-image-49835\">\u003c/a>A program launching Tuesday enables users to instantly connect with a crisis counselor through Facebook’s “chat” messaging system.\u003c/p>\n\u003cp>The service is the latest tool from Facebook aimed at improving safety on its site, which has more than 800 million users. Earlier this year, Facebook announced changes to how users report bullying, offensive content and fake profiles. \u003c/p>\n\u003cp>“One of the big goals here is to get the person in distress into the right help as soon as possible,” Fred Wolens, public policy manager at Facebook, told The Associated Press. \u003c!--more-->\u003c/p>\n\u003cp>Google and Yahoo have long provided the phone number to the National Suicide Prevention Lifeline as the first result when someone searches for “suicide” using their sites. Through email, Facebook also directed users to the hotline or encouraged friends to call law enforcement if they perceived someone was about to do harm.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The new service goes a step further by enabling an instant chat session that experts say can make all the difference with someone seeking help.\u003c/p>\n\u003cp>“The science shows that people experience reductions in suicidal thinking when there is quick intervention,” said Lidia Bernik, associate project director of Lifeline. “We’ve heard from many people who say they want to talk to someone but don’t want to call. Instant message is perfect for that.”\u003c/p>\n\u003cp>How the service works is if a friend spots a suicidal thought on someone’s page, he can report it to Facebook by clicking a link next to the comment. Facebook then sends an email to the person who posted the suicidal comment encouraging them to call the hotline or click on a link to begin a confidential chat.\u003c/p>\n\u003cp>Facebook on its own doesn’t troll the site for suicidal expressions, Wolens said. Logistically it would be far too difficult with so many users and so many comments that could be misinterpreted by a computer algorithm.\u003c/p>\n\u003cp>“The only people who will have a really good idea of what’s going on is your friends so we’re encouraging them to speak up and giving them an easy and quick way to get help,” Wolens said.\u003c/p>\n\u003cp>There have been high profile incidents of suicidal expressions on Facebook.\u003c/p>\n\u003cp>Last month, authorities in Pittsburg said a man posted a suicide note on Facebook before he killed his wife and in-laws then himself.\u003c/p>\n\u003cp>In July, police in Pennsylvania said they believed they were able to help prevent a man’s suicide after the man’s friend in California alerted police about a distraught Facebook posting. Police met with the man, who was committed to a hospital.\u003c/p>\n\u003cp>Nearly 100 Americans die by suicide every day, and 36,035 a year, according to U.S Surgeon General Regina Benjamin’s office.\u003c/p>\n\u003cp>“We have effective treatments to help suicidal individuals regain hope and a desire to live and we know how powerful personal connections and support can be,” Benjamin said in a statement. “Facebook and the Lifeline are to be commended for addressing one of this nation’s most tragic public health problems.”\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The Lifeline currently responds to dozens of users on Facebook each day. Crisis center workers will be available 24 hours a day to respond to users selecting the chat option. \u003c/p>\n\n\u003c/div>\u003c/p>",
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"slug": "interview-apple-employee-no-12-dan-kottke-on-the-early-days-jobs-and-woz-stock-options-pt-ii",
"title": "Interview: Apple Employee No. 12 Dan Kottke on the Macintosh, Jobs and Woz, Stock Options (Pt 2)",
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"headTitle": "Interview: Apple Employee No. 12 Dan Kottke on the Macintosh, Jobs and Woz, Stock Options (Pt 2) | KQED",
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"content": "\u003cfigure id=\"attachment_49396\" class=\"wp-caption alignright\" style=\"max-width: 225px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/Daniel_Kottke-225x300.png\">\u003cimg loading=\"lazy\" decoding=\"async\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/Daniel_Kottke-225x300.png\" alt=\"\" title=\"Daniel_Kottke-225x300\" width=\"225\" height=\"300\" class=\"size-full wp-image-49396\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Photo: Wikipedia\u003c/figcaption>\u003c/figure>\n\u003cp>Two weeks ago we posted \u003ca href=\"http://ww2.kqed.org/news/2011/11/25/interview-apple-employee-no-12-dan-kottke-on-companys-earliest-days-and-steve-jobs-in-college/\">\u003cstrong>Part 1 of Peter Jon Shuler’s interview with Dan Kottke\u003c/strong>\u003c/a>, aka Apple employee No. 12. Kottke first met Jobs when both attended Reed College in Oregon and the two became close friends, traveling to India together. Kottke was witness to the birth of Apple, plugging in chips into Apple I boards part-time for minimum wage before becoming an engineer for the company. \u003c/p>\n\u003cp>In Part 1, Kottke talked about the influences of eastern mystical literature on Jobs and himself, and what it was like to work for the nascent company that Jobs was putting together. In Part 2, Kottke reminisces further about the early days, discussing Jobs’ harnessing of the brilliant engineering of Steve Wozniak; the traits that allowed for Jobs to build the company; and the perils of not being savvy about stock options. \u003c/p>\n\u003cp>Edited transcript: \u003c/p>\n\u003cblockquote>\u003cp>\n\u003cem>Daniel Kottke\u003c/em>\u003c/p>\n\u003cp>By that first summer of 1977 I liked this kind of work. I didn’t have any training in computers and so what I didn’t realize is that I was headed on a very risky career path. Because I didn’t know I was not going to be eligible for stock options, and didn’t find out till many years later when it was too late. \u003c/p>\n\u003cp>In the early days of the \u003ca href=\"http://oldcomputers.net/appleii.html\">Apple II\u003c/a>, Hildy Licht ran a business where she had housewives doing the same work. She was there right at the very beginning of Apple. She built the power supplies. If you don’t want thousands of something, only 50 — and money was tight back then — you do something like that. From the very beginning Apple was hungry for all types of peripheral cards, and there was a steady stream of work to be done. \u003c!--more-->\u003c/p>\n\u003cp>Hildy was a character. She had a start-up business where she had housewives doing the same kind of work Steve’s sister Patti Jobs was doing, where you could watch TV while stuffing boards with components. Then she had a wave solder machine and they would be run through. \u003c!--more-->\u003c/p>\n\u003cp>I quickly developed an aptitude for troubleshooting. My whole first year was in production as an hourly employee. Then \u003ca href=\"http://www.storiesofapple.net/jack-of-all-apple-trades-interview-with-bill-fernandez.html\">Bill Fernandez\u003c/a> left, which left an opening for me to move into his place in engineering. I’ll always be grateful to him. \u003c/p>\n\u003cp>He left because he found out he wasn’t going to get a stock option. At the time, the issue of stock options wasn’t publicized, and there was no one to talk to about it because there was no such thing as a personnel department. \u003c/p>\n\u003cp>In the summer of 1984, we were all recruited to do the trade shows and to introduce the Mac to everyone else. At that point I was 30 and had been working since the week I graduated college. So I went off to Europe for a few months and then came back and instantly had people offering to hire me as a contract engineer. So I didn’t have enough excuse to go back to Apple. That went on for 10 years. \u003c/p>\n\u003cp>On the Macintosh, I was the one who did the keyboard, which was a single-chip computer, a computer subsystem. That was my first embedded system project. And I did many embedded designs over the next decade for a range of start-ups, none of which made money.\u003c/p>\n\u003cp>For me as an unskilled person working in a different field, I like to think I was using some natural perseverance, and was hard working got good at what I was doing. I looked at Woz and Jobs and saw they didn’t have degrees. But what I didn’t appreciate is that they had been steeped in technology for many years. I was such a newcomer, the whole time at Apple I felt I was playing catch-up. \u003c/p>\n\u003cp>\u003cstrong>It seems like Woz was the consummate engineer, and Steve was the promoter…\u003c/strong>\u003c/p>\n\u003cp>Very much so. And Steve to his credit was harnessing Woz. Woz did not have the entrepreneurial urge and was really happy at his job at Hewlett Packard, and I think he’s been on record as saying he would have been happy staying there. So Steve jobs gets credit for seeing what the situation was. \u003c/p>\n\u003cp>\u003ca href=\"http://web.mit.edu/invent/iow/bushnell.html\">Nolan Bushnell\u003c/a> of Atari also was a big part of forming Steve Jobs’ character. Because Steve looked at Nolan and his success at Atari.\u003c/p>\n\u003cp>It was very surprising to me how focused and serious Jobs got about what he was doing with the Apple I, because I didn’t understand the opportunity myself. That was where Steve’s personality shift happened –- long before there was money involved. There was money, but it was more like here’s something we can do and change society because the computer had huge growth potential. \u003c/p>\n\u003cp>How much did he contribute to Woz’s design of the Apple I? Possibly nothing. Woz had this idea about sticking the processor on the TV/typewriter. It’s a complicated thing to make the timing chains to generate video. Then using dynamic RAM was a stroke of great brilliance. So the Apple I came out with 4k expandable to 8k. I can believe that Woz came up with all of that hardware on his own and somehow Steve heard about it and was smart enough to say well this is unique, maybe somebody would want to buy this. \u003c/p>\n\u003cp>At the point that they decided to spend the money to lay out a circuit board, I think that was before the order to the Byte Shops, so they were going out on a limb. And that was when Steve sold his van and Woz sold his HP calculator and they raised a few thousand dollars and paid a layout guy to do a PC layout and make the circuit boards. And then there was the small item of the $30,000 worth of small parts that needed to be ordered. That was the point at which \u003ca href=\"https://www.google.com/search?q=ron+wayne\">Ron Wayne\u003c/a>, who was the third founding partner, got cold feet, because he had a mortgage to pay, unlike these 2 kids. He felt like he was the adult and he couldn’t keep up with these guys. When Steve Jobs told him he had ordered $30,000 worth of parts, that was a lot of money, and Ron backed out. \u003c/p>\n\u003cp>There was a lot of ferment going on. In 1975, that was the year of the \u003ca href=\"http://en.wikipedia.org/wiki/Homebrew_Computer_Club\">Homebrew Computer Club\u003c/a>. It was a whole auditorium filled with people and all kinds of stuff was going on. I didn’t appreciate technically what was going on; I was just tagging along. The Altair had launched onto the national market, and Bill Gates and Paul Allen were already down in Albuquerque starting Microsoft about that time. Right here, in Palo Alto, people were making graphic cards for the Altair other computers. And the first Internet broadcast packet at SRI was right around that time, too. \u003c/p>\n\u003cp>Steve gets immense credit for having the entrepreneurial spirit in taking that first step to make the Apple I. And Woz of course was a superhuman engineer in that he did the hardware architecture and built the prototype and got the hardware debugged and wrote the monitor ROM, which was the routines. And then he went right ahead and \u003ca href=\"http://en.wikipedia.org/wiki/Integer_BASIC\">wrote his own BASIC\u003c/a>. It was the BASIC running on the Apple I that really set it apart, because none of the others had something like that. \u003c/p>\n\u003cp>\u003cstrong> So what do you think there was about Jobs’ personality that allowed for his great success? \u003c/strong>\u003c/p>\n\u003cp>It’s a mix of all the various skills. You have to be technical enough to understand what you’re doing, you have to have a broad enough feeling for the culture you live in to know when to persevere. \u003c/p>\n\u003cp>I’m sure Steve idolized Thomas Edison as a boy; Edison gave us the clear message about perseverance. He was toiling away on lots of things, many of which were failures. The combination of perseverance, technical ability, and vision in a marketing sense. \u003c/p>\n\u003cp>He gets huge credit for the marketing vision embodied in the \u003ca href=\"</a>%E2%80%9C>Apple%20II</a>,%20which%20was%20the%20lightweight%20plastic%20case.%20That%20was%20not%20a%20technical%20decision;%20that%20was%20a%20consumer%20electtonics%20marketing%20direction.%20That%20was%20his%20vision,%20to%20make%20it%20lightweight,%20unlike%20all%20the%20other%20computers%20that%20had%20big%20grapefruit%20sized%20transformers.%20Steve%20created%20someone%20to%20make%20a%20power%20switching%20supply%20and%20got%20<a%20href=\" https:>Jerry Manock\u003c/a> to \u003ca href=\"http://www.landsnail.com/apple/local/design/apple2.html\">design\u003c/a> the lightweight plastic case. Another factor – personal charisma – managed to recruit \u003ca href=\"https://www.google.com/webhp?hl=en&tab=ww#hl=en&sugexp=ppwe&cp=8&gs_id=19&xhr=t&q=mike+markkula&tok=qgLmYtP9IFC4k1sebXCeRw&pf=p&sclient=psy-ab&site=webhp&source=hp&pbx=1&oq=mike+mar&aq=0&aqi=g4&aql=f&gs_sm=&gs_upl=&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=243aec9c1865a62f&biw=1016&bih=534\">Mike Markkula\u003c/a>, who has all these same skills. He was a retired millionaire at the age of 30 when he visited the Apple garage and saw the Apple I. He was the angel investor that took it to the next stage. \u003c/p>\n\u003cp>In a sense the two Steves were very lucky Mike Markkula came along, because the whole thing could have fizzled at that point. I have seen many companies that had promising first products that have fizzled, where you have a circuit board and it has some kind of market acceptance but you can’t get to that next level of getting funding. \u003c/p>\n\u003cp>In fact, funding alone is not enough. It’s the combination of pulling together people to get a board of directors, a line of credit at the bank, all those components. Steve was lucky Apple was able to pull in enough of the ingredients to keep the fire going and to follow up on that growth. \u003c/p>\n\u003cp>Then there was the whole episode of the Macintosh. \u003ca href=\"https://www.google.com/search?q=jef+raskin\">Jef Raskin\u003c/a> was was bitter about the way Steve treated him until the end of his life. Jef was a renaissance man in so many areas. Steve has a debt of gratitude to Jef in a personal growth kind of way. And it was Jef who clearly \u003ca href=\"http://mxmora.best.vwh.net/JefRaskin.html\">got that Mac project started\u003c/a>. He and \u003ca href=\"https://www.google.com/search?q=brian+howard\">Brian Howard\u003c/a> were compiling – they had those 2 big notebooks called the Macintosh papers, going back years. \u003c/p>\n\u003cp>Meanwhile, I was working on the \u003ca href=\"http://oldcomputers.net/appleiii.html\">Apple III\u003c/a>, Apple’s business computer, which was a big disappointment. I got to build the Apple III prototypes. That was also the time Apple went public, and there was a huge frenzy about stock options. Everyone had stock options except me and a small number of others. So it was exciting to work on the Apple III but depressing to realize I wasn’t part of the millionaire club at the Apple public offering. But I didn’t have much of a career choice to leave. \u003c/p>\n\u003cp>And then Steve did hire me on the Macintosh project, which I’m grateful for. He didn’t have to do that. He could have given me a little bit of career advice about stock options. There was a kind of personal friendship element that was lost there, to put it politely. Those were difficult years for me. \u003c/p>\n\u003cp>But the Macintosh project was a wild ride, and that was pure Steve Jobs’ personality. At that point, he had learned how to be an entrepreneur, and Apple was successful, and he was very wealthy and he was able to start it and get it funded. He then recruited \u003ca href=\"https://www.google.com/search?q=john+sculley+apple\">John Sculley\u003c/a> at Apple, which \u003ca href=\"http://news.cnet.com/8301-30685_3-20116606-264/erstwhile-enemy-sculley-jobs-was-greatest-ceo/\">came back to bite him\u003c/a>. But Sculley was very clearly good for Apple.\u003c/p>\n\u003cp>Apple was floundering for awhile…\u003c/p>\n\u003c/blockquote>\n\u003cp>\u003cem>End Part II. We will post Part III soon…\u003c/em>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>[ad floatright]\u003c/p>\n",
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"title": "Interview: Apple Employee No. 12 Dan Kottke on the Macintosh, Jobs and Woz, Stock Options (Pt 2) | KQED",
"description": "Two weeks ago we posted Part 1 of Peter Jon Shuler’s interview with Dan Kottke, aka Apple employee No. 12. Kottke first met Jobs when both attended Reed College in Oregon and the two became close friends, traveling to India together. Kottke was witness to the birth of Apple, plugging in chips into Apple I",
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"headline": "Interview: Apple Employee No. 12 Dan Kottke on the Macintosh, Jobs and Woz, Stock Options (Pt 2)",
"datePublished": "2011-12-08T15:32:26-08:00",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_49396\" class=\"wp-caption alignright\" style=\"max-width: 225px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/Daniel_Kottke-225x300.png\">\u003cimg loading=\"lazy\" decoding=\"async\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/12/Daniel_Kottke-225x300.png\" alt=\"\" title=\"Daniel_Kottke-225x300\" width=\"225\" height=\"300\" class=\"size-full wp-image-49396\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Photo: Wikipedia\u003c/figcaption>\u003c/figure>\n\u003cp>Two weeks ago we posted \u003ca href=\"http://ww2.kqed.org/news/2011/11/25/interview-apple-employee-no-12-dan-kottke-on-companys-earliest-days-and-steve-jobs-in-college/\">\u003cstrong>Part 1 of Peter Jon Shuler’s interview with Dan Kottke\u003c/strong>\u003c/a>, aka Apple employee No. 12. Kottke first met Jobs when both attended Reed College in Oregon and the two became close friends, traveling to India together. Kottke was witness to the birth of Apple, plugging in chips into Apple I boards part-time for minimum wage before becoming an engineer for the company. \u003c/p>\n\u003cp>In Part 1, Kottke talked about the influences of eastern mystical literature on Jobs and himself, and what it was like to work for the nascent company that Jobs was putting together. In Part 2, Kottke reminisces further about the early days, discussing Jobs’ harnessing of the brilliant engineering of Steve Wozniak; the traits that allowed for Jobs to build the company; and the perils of not being savvy about stock options. \u003c/p>\n\u003cp>Edited transcript: \u003c/p>\n\u003cblockquote>\u003cp>\n\u003cem>Daniel Kottke\u003c/em>\u003c/p>\n\u003cp>By that first summer of 1977 I liked this kind of work. I didn’t have any training in computers and so what I didn’t realize is that I was headed on a very risky career path. Because I didn’t know I was not going to be eligible for stock options, and didn’t find out till many years later when it was too late. \u003c/p>\n\u003cp>In the early days of the \u003ca href=\"http://oldcomputers.net/appleii.html\">Apple II\u003c/a>, Hildy Licht ran a business where she had housewives doing the same work. She was there right at the very beginning of Apple. She built the power supplies. If you don’t want thousands of something, only 50 — and money was tight back then — you do something like that. From the very beginning Apple was hungry for all types of peripheral cards, and there was a steady stream of work to be done. \u003c!--more-->\u003c/p>\n\u003cp>Hildy was a character. She had a start-up business where she had housewives doing the same kind of work Steve’s sister Patti Jobs was doing, where you could watch TV while stuffing boards with components. Then she had a wave solder machine and they would be run through. \u003c!--more-->\u003c/p>\n\u003cp>I quickly developed an aptitude for troubleshooting. My whole first year was in production as an hourly employee. Then \u003ca href=\"http://www.storiesofapple.net/jack-of-all-apple-trades-interview-with-bill-fernandez.html\">Bill Fernandez\u003c/a> left, which left an opening for me to move into his place in engineering. I’ll always be grateful to him. \u003c/p>\n\u003cp>He left because he found out he wasn’t going to get a stock option. At the time, the issue of stock options wasn’t publicized, and there was no one to talk to about it because there was no such thing as a personnel department. \u003c/p>\n\u003cp>In the summer of 1984, we were all recruited to do the trade shows and to introduce the Mac to everyone else. At that point I was 30 and had been working since the week I graduated college. So I went off to Europe for a few months and then came back and instantly had people offering to hire me as a contract engineer. So I didn’t have enough excuse to go back to Apple. That went on for 10 years. \u003c/p>\n\u003cp>On the Macintosh, I was the one who did the keyboard, which was a single-chip computer, a computer subsystem. That was my first embedded system project. And I did many embedded designs over the next decade for a range of start-ups, none of which made money.\u003c/p>\n\u003cp>For me as an unskilled person working in a different field, I like to think I was using some natural perseverance, and was hard working got good at what I was doing. I looked at Woz and Jobs and saw they didn’t have degrees. But what I didn’t appreciate is that they had been steeped in technology for many years. I was such a newcomer, the whole time at Apple I felt I was playing catch-up. \u003c/p>\n\u003cp>\u003cstrong>It seems like Woz was the consummate engineer, and Steve was the promoter…\u003c/strong>\u003c/p>\n\u003cp>Very much so. And Steve to his credit was harnessing Woz. Woz did not have the entrepreneurial urge and was really happy at his job at Hewlett Packard, and I think he’s been on record as saying he would have been happy staying there. So Steve jobs gets credit for seeing what the situation was. \u003c/p>\n\u003cp>\u003ca href=\"http://web.mit.edu/invent/iow/bushnell.html\">Nolan Bushnell\u003c/a> of Atari also was a big part of forming Steve Jobs’ character. Because Steve looked at Nolan and his success at Atari.\u003c/p>\n\u003cp>It was very surprising to me how focused and serious Jobs got about what he was doing with the Apple I, because I didn’t understand the opportunity myself. That was where Steve’s personality shift happened –- long before there was money involved. There was money, but it was more like here’s something we can do and change society because the computer had huge growth potential. \u003c/p>\n\u003cp>How much did he contribute to Woz’s design of the Apple I? Possibly nothing. Woz had this idea about sticking the processor on the TV/typewriter. It’s a complicated thing to make the timing chains to generate video. Then using dynamic RAM was a stroke of great brilliance. So the Apple I came out with 4k expandable to 8k. I can believe that Woz came up with all of that hardware on his own and somehow Steve heard about it and was smart enough to say well this is unique, maybe somebody would want to buy this. \u003c/p>\n\u003cp>At the point that they decided to spend the money to lay out a circuit board, I think that was before the order to the Byte Shops, so they were going out on a limb. And that was when Steve sold his van and Woz sold his HP calculator and they raised a few thousand dollars and paid a layout guy to do a PC layout and make the circuit boards. And then there was the small item of the $30,000 worth of small parts that needed to be ordered. That was the point at which \u003ca href=\"https://www.google.com/search?q=ron+wayne\">Ron Wayne\u003c/a>, who was the third founding partner, got cold feet, because he had a mortgage to pay, unlike these 2 kids. He felt like he was the adult and he couldn’t keep up with these guys. When Steve Jobs told him he had ordered $30,000 worth of parts, that was a lot of money, and Ron backed out. \u003c/p>\n\u003cp>There was a lot of ferment going on. In 1975, that was the year of the \u003ca href=\"http://en.wikipedia.org/wiki/Homebrew_Computer_Club\">Homebrew Computer Club\u003c/a>. It was a whole auditorium filled with people and all kinds of stuff was going on. I didn’t appreciate technically what was going on; I was just tagging along. The Altair had launched onto the national market, and Bill Gates and Paul Allen were already down in Albuquerque starting Microsoft about that time. Right here, in Palo Alto, people were making graphic cards for the Altair other computers. And the first Internet broadcast packet at SRI was right around that time, too. \u003c/p>\n\u003cp>Steve gets immense credit for having the entrepreneurial spirit in taking that first step to make the Apple I. And Woz of course was a superhuman engineer in that he did the hardware architecture and built the prototype and got the hardware debugged and wrote the monitor ROM, which was the routines. And then he went right ahead and \u003ca href=\"http://en.wikipedia.org/wiki/Integer_BASIC\">wrote his own BASIC\u003c/a>. It was the BASIC running on the Apple I that really set it apart, because none of the others had something like that. \u003c/p>\n\u003cp>\u003cstrong> So what do you think there was about Jobs’ personality that allowed for his great success? \u003c/strong>\u003c/p>\n\u003cp>It’s a mix of all the various skills. You have to be technical enough to understand what you’re doing, you have to have a broad enough feeling for the culture you live in to know when to persevere. \u003c/p>\n\u003cp>I’m sure Steve idolized Thomas Edison as a boy; Edison gave us the clear message about perseverance. He was toiling away on lots of things, many of which were failures. The combination of perseverance, technical ability, and vision in a marketing sense. \u003c/p>\n\u003cp>He gets huge credit for the marketing vision embodied in the \u003ca href=\"</a>%E2%80%9C>Apple%20II</a>,%20which%20was%20the%20lightweight%20plastic%20case.%20That%20was%20not%20a%20technical%20decision;%20that%20was%20a%20consumer%20electtonics%20marketing%20direction.%20That%20was%20his%20vision,%20to%20make%20it%20lightweight,%20unlike%20all%20the%20other%20computers%20that%20had%20big%20grapefruit%20sized%20transformers.%20Steve%20created%20someone%20to%20make%20a%20power%20switching%20supply%20and%20got%20<a%20href=\" https:>Jerry Manock\u003c/a> to \u003ca href=\"http://www.landsnail.com/apple/local/design/apple2.html\">design\u003c/a> the lightweight plastic case. Another factor – personal charisma – managed to recruit \u003ca href=\"https://www.google.com/webhp?hl=en&tab=ww#hl=en&sugexp=ppwe&cp=8&gs_id=19&xhr=t&q=mike+markkula&tok=qgLmYtP9IFC4k1sebXCeRw&pf=p&sclient=psy-ab&site=webhp&source=hp&pbx=1&oq=mike+mar&aq=0&aqi=g4&aql=f&gs_sm=&gs_upl=&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=243aec9c1865a62f&biw=1016&bih=534\">Mike Markkula\u003c/a>, who has all these same skills. He was a retired millionaire at the age of 30 when he visited the Apple garage and saw the Apple I. He was the angel investor that took it to the next stage. \u003c/p>\n\u003cp>In a sense the two Steves were very lucky Mike Markkula came along, because the whole thing could have fizzled at that point. I have seen many companies that had promising first products that have fizzled, where you have a circuit board and it has some kind of market acceptance but you can’t get to that next level of getting funding. \u003c/p>\n\u003cp>In fact, funding alone is not enough. It’s the combination of pulling together people to get a board of directors, a line of credit at the bank, all those components. Steve was lucky Apple was able to pull in enough of the ingredients to keep the fire going and to follow up on that growth. \u003c/p>\n\u003cp>Then there was the whole episode of the Macintosh. \u003ca href=\"https://www.google.com/search?q=jef+raskin\">Jef Raskin\u003c/a> was was bitter about the way Steve treated him until the end of his life. Jef was a renaissance man in so many areas. Steve has a debt of gratitude to Jef in a personal growth kind of way. And it was Jef who clearly \u003ca href=\"http://mxmora.best.vwh.net/JefRaskin.html\">got that Mac project started\u003c/a>. He and \u003ca href=\"https://www.google.com/search?q=brian+howard\">Brian Howard\u003c/a> were compiling – they had those 2 big notebooks called the Macintosh papers, going back years. \u003c/p>\n\u003cp>Meanwhile, I was working on the \u003ca href=\"http://oldcomputers.net/appleiii.html\">Apple III\u003c/a>, Apple’s business computer, which was a big disappointment. I got to build the Apple III prototypes. That was also the time Apple went public, and there was a huge frenzy about stock options. Everyone had stock options except me and a small number of others. So it was exciting to work on the Apple III but depressing to realize I wasn’t part of the millionaire club at the Apple public offering. But I didn’t have much of a career choice to leave. \u003c/p>\n\u003cp>And then Steve did hire me on the Macintosh project, which I’m grateful for. He didn’t have to do that. He could have given me a little bit of career advice about stock options. There was a kind of personal friendship element that was lost there, to put it politely. Those were difficult years for me. \u003c/p>\n\u003cp>But the Macintosh project was a wild ride, and that was pure Steve Jobs’ personality. At that point, he had learned how to be an entrepreneur, and Apple was successful, and he was very wealthy and he was able to start it and get it funded. He then recruited \u003ca href=\"https://www.google.com/search?q=john+sculley+apple\">John Sculley\u003c/a> at Apple, which \u003ca href=\"http://news.cnet.com/8301-30685_3-20116606-264/erstwhile-enemy-sculley-jobs-was-greatest-ceo/\">came back to bite him\u003c/a>. But Sculley was very clearly good for Apple.\u003c/p>\n\u003cp>Apple was floundering for awhile…\u003c/p>\n\u003c/blockquote>\n\u003cp>\u003cem>End Part II. We will post Part III soon…\u003c/em>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"rss": "https://podcasts.files.bbci.co.uk/p02nq0gn.rss"
}
},
"californiareport": {
"id": "californiareport",
"title": "The California Report",
"tagline": "California, day by day",
"info": "KQED’s statewide radio news program providing daily coverage of issues, trends and public policy decisions.",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/The-California-Report-Podcast-Tile-703x703-1.jpg",
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"officialWebsiteLink": "/californiareport",
"meta": {
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"source": "kqed",
"order": 8
},
"link": "/californiareport",
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}
},
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"id": "californiareportmagazine",
"title": "The California Report Magazine",
"tagline": "Your state, your stories",
"info": "Every week, The California Report Magazine takes you on a road trip for the ears: to visit the places and meet the people who make California unique. The in-depth storytelling podcast from the California Report.",
"airtime": "FRI 4:30pm-5pm, 6:30pm-7pm, 11pm-11:30pm",
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"officialWebsiteLink": "/californiareportmagazine",
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"order": 10
},
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM3NjkwNjk1OTAz",
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}
},
"city-arts": {
"id": "city-arts",
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"info": "A one-hour radio program to hear celebrated writers, artists and thinkers address contemporary ideas and values, often discussing the creative process. Please note: tapes or transcripts are not available",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/05/cityartsandlecture-300x300.jpg",
"officialWebsiteLink": "https://www.cityarts.net/",
"airtime": "SUN 1pm-2pm, TUE 10pm, WED 1am",
"meta": {
"site": "news",
"source": "City Arts & Lectures"
},
"link": "https://www.cityarts.net",
"subscribe": {
"tuneIn": "https://tunein.com/radio/City-Arts-and-Lectures-p692/",
"rss": "https://www.cityarts.net/feed/"
}
},
"closealltabs": {
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"info": "Close All Tabs breaks down how digital culture shapes our world through thoughtful insights and irreverent humor.",
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"officialWebsiteLink": "/podcasts/closealltabs",
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"order": 1
},
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"title": "Code Switch / Life Kit",
"info": "\u003cem>Code Switch\u003c/em>, which listeners will hear in the first part of the hour, has fearless and much-needed conversations about race. Hosted by journalists of color, the show tackles the subject of race head-on, exploring how it impacts every part of society — from politics and pop culture to history, sports and more.\u003cbr />\u003cbr />\u003cem>Life Kit\u003c/em>, which will be in the second part of the hour, guides you through spaces and feelings no one prepares you for — from finances to mental health, from workplace microaggressions to imposter syndrome, from relationships to parenting. The show features experts with real world experience and shares their knowledge. Because everyone needs a little help being human.\u003cbr />\u003cbr />\u003ca href=\"https://www.npr.org/podcasts/510312/codeswitch\">\u003cem>Code Switch\u003c/em> offical site and podcast\u003c/a>\u003cbr />\u003ca href=\"https://www.npr.org/lifekit\">\u003cem>Life Kit\u003c/em> offical site and podcast\u003c/a>\u003cbr />",
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"meta": {
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly93d3cubnByLm9yZy9yc3MvcG9kY2FzdC5waHA_aWQ9NTEwMzEy",
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"id": "commonwealth-club",
"title": "Commonwealth Club of California Podcast",
"info": "The Commonwealth Club of California is the nation's oldest and largest public affairs forum. As a non-partisan forum, The Club brings to the public airwaves diverse viewpoints on important topics. The Club's weekly radio broadcast - the oldest in the U.S., dating back to 1924 - is carried across the nation on public radio stations and is now podcasting. Our website archive features audio of our recent programs, as well as selected speeches from our long and distinguished history. This podcast feed is usually updated twice a week and is always un-edited.",
"airtime": "THU 10pm, FRI 1am",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Commonwealth-Club-Podcast-Tile-360x360-1.jpg",
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"meta": {
"site": "news",
"source": "Commonwealth Club of California"
},
"link": "/radio/program/commonwealth-club",
"subscribe": {
"apple": "https://itunes.apple.com/us/podcast/commonwealth-club-of-california-podcast/id976334034?mt=2",
"google": "https://podcasts.google.com/feed/aHR0cDovL3d3dy5jb21tb253ZWFsdGhjbHViLm9yZy9hdWRpby9wb2RjYXN0L3dlZWtseS54bWw",
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}
},
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"id": "forum",
"title": "Forum",
"tagline": "The conversation starts here",
"info": "KQED’s live call-in program discussing local, state, national and international issues, as well as in-depth interviews.",
"airtime": "MON-FRI 9am-11am, 10pm-11pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Forum-Podcast-Tile-703x703-1.jpg",
"imageAlt": "KQED Forum with Mina Kim and Alexis Madrigal",
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"meta": {
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"source": "kqed",
"order": 9
},
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM5NTU3MzgxNjMz",
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"id": "freakonomics-radio",
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"imageSrc": "https://ww2.kqed.org/news/wp-content/uploads/sites/10/2018/05/freakonomicsRadio.png",
"officialWebsiteLink": "http://freakonomics.com/",
"airtime": "SUN 1am-2am, SAT 3pm-4pm",
"meta": {
"site": "radio",
"source": "WNYC"
},
"link": "/radio/program/freakonomics-radio",
"subscribe": {
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"apple": "https://itunes.apple.com/us/podcast/freakonomics-radio/id354668519",
"tuneIn": "https://tunein.com/podcasts/WNYC-Podcasts/Freakonomics-Radio-p272293/",
"rss": "https://feeds.feedburner.com/freakonomicsradio"
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},
"fresh-air": {
"id": "fresh-air",
"title": "Fresh Air",
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"apple": "https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?s=143441&mt=2&id=214089682&at=11l79Y&ct=nprdirectory",
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"rss": "https://feeds.npr.org/381444908/podcast.xml"
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"info": "A live production of NPR and WBUR Boston, in collaboration with stations across the country, Here & Now reflects the fluid world of news as it's happening in the middle of the day, with timely, in-depth news, interviews and conversation. Hosted by Robin Young, Jeremy Hobson and Tonya Mosley.",
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"rss": "https://feeds.npr.org/510051/podcast.xml"
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},
"hidden-brain": {
"id": "hidden-brain",
"title": "Hidden Brain",
"info": "Shankar Vedantam uses science and storytelling to reveal the unconscious patterns that drive human behavior, shape our choices and direct our relationships.",
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"officialWebsiteLink": "https://www.npr.org/series/423302056/hidden-brain",
"airtime": "SUN 7pm-8pm",
"meta": {
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"source": "NPR"
},
"link": "/radio/program/hidden-brain",
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},
"how-i-built-this": {
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"title": "How I Built This with Guy Raz",
"info": "Guy Raz dives into the stories behind some of the world's best known companies. How I Built This weaves a narrative journey about innovators, entrepreneurs and idealists—and the movements they built.",
"imageSrc": "https://ww2.kqed.org/news/wp-content/uploads/sites/10/2018/05/howIBuiltThis.png",
"officialWebsiteLink": "https://www.npr.org/podcasts/510313/how-i-built-this",
"airtime": "SUN 7:30pm-8pm",
"meta": {
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"source": "npr"
},
"link": "/radio/program/how-i-built-this",
"subscribe": {
"npr": "https://rpb3r.app.goo.gl/3zxy",
"apple": "https://itunes.apple.com/us/podcast/how-i-built-this-with-guy-raz/id1150510297?mt=2",
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},
"hyphenacion": {
"id": "hyphenacion",
"title": "Hyphenación",
"tagline": "Where conversation and cultura meet",
"info": "What kind of no sabo word is Hyphenación? For us, it’s about living within a hyphenation. Like being a third-gen Mexican-American from the Texas border now living that Bay Area Chicano life. Like Xorje! Each week we bring together a couple of hyphenated Latinos to talk all about personal life choices: family, careers, relationships, belonging … everything is on the table. ",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2025/03/Hyphenacion_FinalAssets_PodcastTile.png",
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"officialWebsiteLink": "/podcasts/hyphenacion",
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"order": 15
},
"link": "/podcasts/hyphenacion",
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"spotify": "https://open.spotify.com/show/2p3Fifq96nw9BPcmFdIq0o?si=39209f7b25774f38",
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"rss": "https://feeds.megaphone.fm/KQINC2275451163"
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},
"jerrybrown": {
"id": "jerrybrown",
"title": "The Political Mind of Jerry Brown",
"tagline": "Lessons from a lifetime in politics",
"info": "The Political Mind of Jerry Brown brings listeners the wisdom of the former Governor, Mayor, and presidential candidate. Scott Shafer interviewed Brown for more than 40 hours, covering the former governor's life and half-century in the political game – and Brown has some lessons he'd like to share. ",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/The-Political-Mind-of-Jerry-Brown-Podcast-Tile-703x703-1.jpg",
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"officialWebsiteLink": "/podcasts/jerrybrown",
"meta": {
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"source": "kqed",
"order": 18
},
"link": "/podcasts/jerrybrown",
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"apple": "https://itunes.apple.com/us/podcast/id1492194549",
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}
},
"latino-usa": {
"id": "latino-usa",
"title": "Latino USA",
"airtime": "MON 1am-2am, SUN 6pm-7pm",
"info": "Latino USA, the radio journal of news and culture, is the only national, English-language radio program produced from a Latino perspective.",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/04/latinoUsa.jpg",
"officialWebsiteLink": "http://latinousa.org/",
"meta": {
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"source": "npr"
},
"link": "/radio/program/latino-usa",
"subscribe": {
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"apple": "https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?s=143441&mt=2&id=79681317&at=11l79Y&ct=nprdirectory",
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"rss": "https://feeds.npr.org/510016/podcast.xml"
}
},
"marketplace": {
"id": "marketplace",
"title": "Marketplace",
"info": "Our flagship program, helmed by Kai Ryssdal, examines what the day in money delivered, through stories, conversations, newsworthy numbers and more. Updated Monday through Friday at about 3:30 p.m. PT.",
"airtime": "MON-FRI 4pm-4:30pm, MON-WED 6:30pm-7pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Marketplace-Podcast-Tile-360x360-1.jpg",
"officialWebsiteLink": "https://www.marketplace.org/",
"meta": {
"site": "news",
"source": "American Public Media"
},
"link": "/radio/program/marketplace",
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"rss": "https://feeds.publicradio.org/public_feeds/marketplace-pm/rss/rss"
}
},
"masters-of-scale": {
"id": "masters-of-scale",
"title": "Masters of Scale",
"info": "Masters of Scale is an original podcast in which LinkedIn co-founder and Greylock Partner Reid Hoffman sets out to describe and prove theories that explain how great entrepreneurs take their companies from zero to a gazillion in ingenious fashion.",
"airtime": "Every other Wednesday June 12 through October 16 at 8pm (repeats Thursdays at 2am)",
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"officialWebsiteLink": "https://mastersofscale.com/",
"meta": {
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"source": "WaitWhat"
},
"link": "/radio/program/masters-of-scale",
"subscribe": {
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"rss": "https://rss.art19.com/masters-of-scale"
}
},
"mindshift": {
"id": "mindshift",
"title": "MindShift",
"tagline": "A podcast about the future of learning and how we raise our kids",
"info": "The MindShift podcast explores the innovations in education that are shaping how kids learn. Hosts Ki Sung and Katrina Schwartz introduce listeners to educators, researchers, parents and students who are developing effective ways to improve how kids learn. We cover topics like how fed-up administrators are developing surprising tactics to deal with classroom disruptions; how listening to podcasts are helping kids develop reading skills; the consequences of overparenting; and why interdisciplinary learning can engage students on all ends of the traditional achievement spectrum. This podcast is part of the MindShift education site, a division of KQED News. KQED is an NPR/PBS member station based in San Francisco. You can also visit the MindShift website for episodes and supplemental blog posts or tweet us \u003ca href=\"https://twitter.com/MindShiftKQED\">@MindShiftKQED\u003c/a> or visit us at \u003ca href=\"/mindshift\">MindShift.KQED.org\u003c/a>",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Mindshift-Podcast-Tile-703x703-1.jpg",
"imageAlt": "KQED MindShift: How We Will Learn",
"officialWebsiteLink": "/mindshift/",
"meta": {
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"source": "kqed",
"order": 12
},
"link": "/podcasts/mindshift",
"subscribe": {
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM1NzY0NjAwNDI5",
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"stitcher": "https://www.stitcher.com/podcast/kqed/stories-teachers-share",
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}
},
"morning-edition": {
"id": "morning-edition",
"title": "Morning Edition",
"info": "\u003cem>Morning Edition\u003c/em> takes listeners around the country and the world with multi-faceted stories and commentaries every weekday. Hosts Steve Inskeep, David Greene and Rachel Martin bring you the latest breaking news and features to prepare you for the day.",
"airtime": "MON-FRI 3am-9am",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Morning-Edition-Podcast-Tile-360x360-1.jpg",
"officialWebsiteLink": "https://www.npr.org/programs/morning-edition/",
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"link": "/radio/program/morning-edition"
},
"onourwatch": {
"id": "onourwatch",
"title": "On Our Watch",
"tagline": "Deeply-reported investigative journalism",
"info": "For decades, the process for how police police themselves has been inconsistent – if not opaque. In some states, like California, these proceedings were completely hidden. After a new police transparency law unsealed scores of internal affairs files, our reporters set out to examine these cases and the shadow world of police discipline. On Our Watch brings listeners into the rooms where officers are questioned and witnesses are interrogated to find out who this system is really protecting. Is it the officers, or the public they've sworn to serve?",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/On-Our-Watch-Podcast-Tile-703x703-1.jpg",
"imageAlt": "On Our Watch from NPR and KQED",
"officialWebsiteLink": "/podcasts/onourwatch",
"meta": {
"site": "news",
"source": "kqed",
"order": 11
},
"link": "/podcasts/onourwatch",
"subscribe": {
"apple": "https://podcasts.apple.com/podcast/id1567098962",
"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5ucHIub3JnLzUxMDM2MC9wb2RjYXN0LnhtbD9zYz1nb29nbGVwb2RjYXN0cw",
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"spotify": "https://open.spotify.com/show/0OLWoyizopu6tY1XiuX70x",
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"stitcher": "https://www.stitcher.com/show/on-our-watch",
"rss": "https://feeds.npr.org/510360/podcast.xml"
}
},
"on-the-media": {
"id": "on-the-media",
"title": "On The Media",
"info": "Our weekly podcast explores how the media 'sausage' is made, casts an incisive eye on fluctuations in the marketplace of ideas, and examines threats to the freedom of information and expression in America and abroad. For one hour a week, the show tries to lift the veil from the process of \"making media,\" especially news media, because it's through that lens that we see the world and the world sees us",
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"info": "One of public radio's most dynamic voices, Sam Sanders helped launch The NPR Politics Podcast and hosted NPR's hit show It's Been A Minute. Now, the award-winning host returns with something brand new, The Sam Sanders Show. Every week, Sam Sanders and friends dig into the culture that shapes our lives: what's driving the biggest trends, how artists really think, and even the memes you can't stop scrolling past. Sam is beloved for his way of unpacking the world and bringing you up close to fresh currents and engaging conversations. The Sam Sanders Show is smart, funny and always a good time.",
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