4 ms·
> Probably most of their early funding came from parents. Perhaps VC is an equalizer here. It makes it possible for founders (like me) to start the next Micros
by dopeboy 4y ago
> Probably most of their early funding came from parents.
Perhaps VC is an equalizer here. It makes it possible for founders (like me) to start the next Microsoft without having to rely on privilege.
I understand allocation of VC resources has its own privilege issues but I'll take that slightly more accessible world over a world where your family determines the outcome.
- UncleOxidant 4y agoRich parents helped in the Microsoft case, but I don't think that was the case for Apple where the parents of both Jobs and Wozniak were middle class.
- Centigonal 4y agoApple had Mark Markkula and Don Valentine, now-legendary VCs, investing at or near the company's incorporation (this is 8 months after Jobs and Woz started working together and after they had released the Apple I, funded by Jobs and Woz's personal funds).
- ioblomov 4y agoExactly. But then most of the Valley was founded this way. The historical precedent was set in 1957 by Fairchild Semiconductor, the engineer founders of which went on to found other companies (Intel) or VC firms (Kleiner Perkins). https://en.wikipedia.org/wiki/Fairchild_Semiconductor https://en.wikipedia.org/wiki/Fairchild_Semiconductor Edit: HP started earlier in 1939, but was bootstrapped and didn’t do silicon till much later.