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Bill Gates's mother was on the board of IBM, which helped lead to IBM making a deal with Microsoft. This isn't very different from landed aristocracy marrying o
by zasz 6y ago
Bill Gates's mother was on the board of IBM, which helped lead to IBM making a deal with Microsoft. This isn't very different from landed aristocracy marrying only other aristos to maintain power and wealth within their networks.
- vinay_ys 6y agoThe same kind of deal making happens in the VC/PE world? Isn't it true that you not only get money investments from VC/PE firms but also get connections and deal-making with their portfolio companies. In that way it is quite similar. Either you are in the club or you are not.
- BurningFrog 6y agoShe was not on the IBM board. She was on United Way's executive committee with the IBM CEO. https://en.wikipedia.org/wiki/Mary_Maxwell_Gates https://en.wikipedia.org/wiki/Mary_Maxwell_Gates
- xutopia 6y agoFair point but Gates' parents actually helped create the computer club by financing it. They weren't middle class.
- BurningFrog 6y agoSure. But the IBM deal wasn't a corrupt insider affair either.