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Actually, Microsoft was pretty much self-funded. (Except perhaps for some help from the Bank of Dad.) They eventually took a bit of VC mainly to get the outside
by CurtMonash 9y ago
Actually, Microsoft was pretty much self-funded. (Except perhaps for some help from the Bank of Dad.) They eventually took a bit of VC mainly to get the outside advice.
- vit05 9y agoBill Gates talks about that. They eventually receive 5 million but didn't use the money. https://youtu.be/cBHJ-8Bch4E?t=8m24s https://youtu.be/cBHJ-8Bch4E?t=8m24s
- adventured 9y ago> Except perhaps for some help from the Bank of Dad. Based on what both Gates and Allen have said, it was completely self-funded to get started. The Gates family contributed no money. Microsoft was founded with a few thousand dollars and they were profitable / break-even almost immediately. Gates and Allen had just made a nice chunk of money doing contract work on a large scale power system before pursuing the Altair opportunity.
- jlebrech 9y agoit's nice to get free food and lodgings while building a company