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
Dabney Oil Syndicate and Miley were shut out of the much more lucrative Elwood field, which was discovered in June 1928 near the coast, due south of the Goleta field. Joseph Dabney died in 1932. In 1933, Miley plead guilty to a misdemeanor violation of the California Corporate Securities Act in connection with his promotion of the Miley Petroleum Exploration Company, a subsidiary of the Miley Oil Company, and was sentenced to one year in jail. Raymond Chandler came to work for the Dabney Oil syndicate in 1922 as a bookkeeper and auditor in their Signal Hill (Los Angeles) office. He rose to