Nolan Bushnell minor equity stake in Apple. Nolan remarked, "Steve asked me if I would put $50,000 in and he would give me a third of the company. I was so smart, I said no. It's kind of fun to think about that, when I'm not crying." By 1976, Atari was in the midst of developing the Atari VCS (Video Computer System, later renamed the Atari 2600), but Bushnell realized that if the company was going to grow, it needed capital, and with the stock market in a bleak condition, going public would not be the solution. He made a list of
Spacewar! coin-operated video games. While playing "Spacewar" at Stanford sometime between 1966 and 1969, college student Hugh Tuck remarked that a coin-operated version of the game would be very successful. While the high price of a minicomputer prevented such a game from being feasible then, in 1971 Tuck and Bill Pitts created a prototype coin-operated computer game, "Galaxy Game", with a US$20,000 PDP-11. Around the same time, a second prototype coin-operated game based on "Spacewar", "Computer Space", was developed by Nolan Bushnell and Ted Dabney, which would become the first commercially sold arcade video game and the first widely available video