Mike Markkula Net Worth is$1.2 Billion
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Profession: Venture capitalist, Investor
Date of Birth: 1942
Nicknames: Armas Clifford Markkula Jr.
Mike Markkula is an American entrepreneur who was an angel investor and second CEO of Apple Computer, Inc., providing early critical funding and managerial support and has a net worth $1.2 billion. Mike Markkula earned his net worth as an investor and entrepreneur. He received Bachelor of Science and Master of Science degrees in electrical engineering from the University of Southern California. He made millions on stock options he acquired as a marketing manager for Fairchild Semiconductor and Intel, and retired at 32. He is a legendary venture capitalist who provided early critical funding for Apple Computer. In 1976, Jobs along with two of his friends, Steve Wozniak and Ronald Wayne founded Apple and was eventually funded by A.C."Mike" Markkula Jr., a semi-retired Intel product manager and engineer. In 1977, he brought his business expertise and became a one-third owner of Apple and employee number 3. In the beginning, he considered Apple a temporary avocation and he promised his wife, that he would spend no more than four years at the start-up. But he soon discovered within himself a remarkable aptitude for the details needed to build a high technology company. Steve Wozniak credits Markkula for the success of Apple more than himself. He helped the new company obtain credit and venture capital, brought in Michael Scott as the first president and CEO, then took the job himself from 1981 to 1983. He wrote several early Apple II programs, served as a beta tester for Apple hardware and software. He is an investor in Crowd Technologies, a startup developing a web application called Piqqem that applies the wisdom of crowds to stock market predictions and he is also an investor in Scotland based RunRev. His work with Apple was recently featured in the documentary film Something Ventured which premiered in 2011. Mike Markkula was born on February 11, 1942. Other Apple insider's net worths: Steve Jobs Net Worth Steve Wozniak Net Worth
Armas Clifford "Mike" Markkula, Jr. (born February 11, 1942) is an American entrepreneur who was an angel investor and second CEO of Apple Computer, Inc., providing early critical funding and managerial support. He was introduced to Steve Jobs and Steve Wozniak when they were looking for funding to manufacture the Apple II personal computer they had developed, after having sold some units of the first version of this computer, the Apple I. With this guidance and funding, Apple ceased to be a partnership and was incorporated as a company.
Markkula received Bachelor of Science and Master of Science degrees in electrical engineering from the University of Southern California. He made millions on stock options he acquired as a marketing manager for Fairchild Semiconductor and Intel, and retired at 32.
He was lured out of retirement by Steve Jobs, who was referred to him by Regis McKenna and venture capitalist Don Valentine. Valentine-who after meeting the young, unkempt Jobs asked McKenna, "Why did you send me this renegade from the human race?"-was not interested in funding Apple, but mentioned Jobs' new company to Markkula. Jobs visited him and convinced Markkula of the market for the Apple II and personal computers in general. In 1977, Markkula brought his business expertise along with US$250,000 ($80,000 as an equity investment in the company and $170,000 as a loan) and became a one-third owner of Apple and employee number 3.
Wozniak, who helped create the first two Apple computers, credits Markkula for the success of Apple more than himself. He helped the new company obtain credit and venture capital, brought in Michael Scott as the first president and CEO, then took the job himself from 1981 to 1983 despite having promised his wife that he would only stay at Apple for four years, and that he would retire by 1984 Markkula served as chairman from 1985 until 1997, when a new board was formed after Jobs returned to the company. As chairman he approved Jef Ras

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Mike Markkula Latest News

These Pictures Of Apple's First Employees Are Absolutely Wonderful

The Apple II was the machine that really put Apple on the map ... I had the same company do the logo for us. Mike Markkula and I went to Macy's and bought white sweaters for everyone to wear at the show and had the logo put on the breast of the sweater.
Posted: December 27, 2013, 8:44 am

Former Apple CEO John Sculley: We Need To Embrace Failure As A Way To Learn

So I said we had to go to the board of directors and each of us present our case, which we did. And the board asked Mike Markkula, who was the vice-chairman, to go study our alternative positions and come back and report to the board in a week, which he did.
Posted: October 20, 2014, 6:58 pm

What Happened To The First 10 Apple Employees

It's a reference to James Bond, 007. Scotty, as he was known, picked all the numbers for employees and organised the company. He was brought in as CEO by Mike Markkula, the man who invested $US250,000 in Apple, and helped it map out its business plan.
Posted: April 19, 2014, 10:01 am
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