Apple Receives Funding from Mike Markkula

Apple Inc. was founded by Steve Jobs and Steve Wozniak, who initially developed the Apple I computer. The company faced challenges in securing funding to support its operations and growth. A pivotal moment occurred when Mike Markkula, a semi-retired Intel product marketing manager and engineer, provided substantial financial backing to the fledgling company. Markkula's investment was crucial, as it not only provided the necessary capital but also brought valuable business expertise to Apple. He recognized the potential of the Apple I and the vision of its creators, which led him to become a key figure in the company's early development. Following Markkula's investment, Wozniak left his position at Hewlett-Packard to take on the role of vice president in charge of research and development at Apple. This move allowed him to focus entirely on advancing Apple's product line and technology. Markkula's involvement helped to establish a more structured business approach, which was essential for Apple's growth. His support and guidance were instrumental in shaping the company's direction, ultimately leading to the development of innovative products that would revolutionize the personal computing industry. The partnership between Jobs, Wozniak, and Markkula laid the foundation for Apple's future success and its emergence as a leader in technology.