In December 1975, Paul Terrell opened the first Byte Shop in Mountain View, becoming one of the first personal computer stores. Terrell sold fully assembled Altair microcomputers and was associated with the Homebrew Computer Club, where he met Steve Jobs and Steve Wozniak. In 1976, Jobs tried to sell Terrell the Apple 1 kit, but Terrell ordered 50 fully assembled units instead. This pivotal order facilitated Jobs and Wozniak’s decision to fully pursue their venture, leading to the founding of Apple Computer, a landmark moment in tech history.
Terrell placed an order with Jobs for 50 Apple 1 units, if Jobs could just assemble them first and then bring them over to the Byte Shop.
In perhaps the most legendary instance of unintentional seed financing in Silicon Valley history, Terrell placed an order with Jobs for 50 Apple 1 units.
The two Steves then did exactly that. As the legend goes, Terrell's initial order of 50 assembled units helped convince the two Steves to quit working for other companies.
Were it not for that initial order, Apple Computer, as a company, might not have happened.
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