I believe Gates started Microsoft with a $5000 loan from his parents. Not that "... (2024)

I believe Gates started Microsoft with a $5000 loan from his parents. Not that "... (1) Hacker News new | past | comments | ask | show | jobs | submit login

I believe Gates started Microsoft with a $5000 loan from his parents. Not that "immense".

I believe Gates started Microsoft with a $5000 loan from his parents. Not that "... (2)

Gates did not start Microsoft with a loan from his parents, it was entirely bootstrapped financially.

Paul Allen and Gates had saved up a small amount of money from contract work. Together they provided all of Microsoft's seed capital. They had customers for Microsoft essentially from the start of the business (MITS being the first), making it profitable nearly from day one.

I believe Gates started Microsoft with a $5000 loan from his parents. Not that "... (3)

Which completely bypasses the point that their parents had to be wealthy enough to provide for his education at a school that had computing labs at a time that they were very rare. Bill Gates and Paul Allen certainly had to work their tails off, but negating that having a wealthy parent puts you in a far higher likelihood to be successful is just silly. The average child of poor parents is not likely to have the same opportunity as those of a child of wealthy parents. It's exactly what perpetuates the cycle of wealth.

I believe Gates started Microsoft with a $5000 loan from his parents. Not that "... (4)

skookumchuck on Sept 7, 2018 | root | parent | next [–]


Lots of people started microcomputer companies at about the same time as Gates. Evidently, not attending Lakeside was not a barrier.

Gary Kildall wrote CP/M in 1974, a year before Gates formed Microsoft.

I believe Gates started Microsoft with a $5000 loan from his parents. Not that "... (5)

dman on Sept 5, 2018 | prev | next [–]


I believe Gates started Microsoft with a $5000 loan from his parents. Not that "... (6)

skookumchuck on Sept 5, 2018 | parent | next [–]


I.e. the price of a modest new car. Hardly "immense".

I believe Gates started Microsoft with a $5000 loan from his parents. Not that "... (7)

st26 on Sept 6, 2018 | root | parent | next [–]


My parents bought a car for me to drive back when I was a teen. It cost $900, not $25,000.

I believe Gates started Microsoft with a $5000 loan from his parents. Not that "... (8)

skookumchuck on Sept 6, 2018 | root | parent | next [–]


The average price of a new car in 1975 was $4,960.

http://www.autonews.com/article/19960626/ANA/606260830/1975-...

I believe Gates started Microsoft with a $5000 loan from his parents. Not that "... (9)

skookumchuck on Sept 6, 2018 | root | parent | prev | next [–]


I wrote "new" car.

I believe Gates started Microsoft with a $5000 loan from his parents. Not that "... (10)

What valuation do you give his mother's influence over the board at IBM?

I believe Gates started Microsoft with a $5000 loan from his parents. Not that "... (11)

skookumchuck on Sept 6, 2018 | parent [–]


It's unknowable. But keep in mind that Microsoft was already established and very successful at the time, and Gates was a very astute and aggressive businessman. IBM went to Digital Research first, and Gary Kildall suggested they check with Microsoft. Microsoft was the biggest player in microcomputer software at the time. Why wouldn't they check?

And how much credence would IBM give a mom (who had little knowledge of computers and software) who suggested checking out her son?

Lastly, the accounts of her advising IBM to use her son's company are not verifiable.

IBM went to Gary Kildall first.

I believe Gates started Microsoft with a $5000 loan from his parents. Not that "... (12)


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I believe Gates started Microsoft with a $5000 loan from his parents. Not that "... (2024)

FAQs

I believe Gates started Microsoft with a $5000 loan from his parents. Not that "...? ›

Gates did not start Microsoft with a loan from his parents, it was entirely bootstrapped financially. Paul Allen and Gates had saved up a small amount of money from contract work. Together they provided all of Microsoft's seed capital.

How did Bill Gates get the idea to start Microsoft? ›

Inspired by the January cover of Popular Electronics magazine, friends Bill Gates and Paul Allen started Microsoft – sometimes Micro-Soft, for microprocessors and software – to develop software for the Altair 8800, an early personal computer.

Did Bill Gates actually invent anything? ›

While Bill Gates may not have invented anything, he certainly played an important role in the development of the computer industry. He has also used his wealth and influence to make significant contributions to philanthropic causes, including eradicating diseases like polio and malaria.

Did Bill Gates struggle to make Microsoft? ›

Bill Gates tells Harvard students how he overcame his fears to launch Microsoft and make it a success. Before Microsoft became a success in the 1980s, co-founder Bill Gates struggled with self-confidence and actually feared that his business would be a bust, he told students during a Q&A at Harvard last month.

How does Bill Gates make money from Microsoft? ›

Gates) "earn" money as "dividends" on the stocks they own (Microsoft company shares pays "dividends" some small percentage of their profits each year, to people who have invested in the company by purchasing "shares" of the company.)

Who now owns Microsoft? ›

Key Takeaways. Institutional investors are the majority owners of Microsoft, accounting for almost 70% of outstanding shares. Former CEO Steve Ballmer owns a 4% stake in Microsoft, more than its founder Bill Gates, who holds a 1.3% stake. Vanguard and Blackrock are the two largest Microsoft's institutional investors.

At what age Bill Gates started Microsoft? ›

Very young. Bill Gates started Microsoft, as a 20 y/o. Their first business was mainly about Unix (Linux was not invented yet). He was 26 when IBM released the first PC and Microsoft had signed their contract with them making Bill Gates a multimillionnaire before turning 30.

What did Bill Gates invent that made him so rich? ›

Bill Gates founded the software company Microsoft Corporation with his friend Paul Allen. He also cofounded the Bill & Melinda Gates Foundation to fund global health and development programs.

What exactly did Bill Gates invent? ›

What did Bill Gates invent? Technically, Bill Gates didn't invent anything genuinely new. Instead, he and Paul Allen created two high-quality products that computer companies could use: the BASIC programming language for the Altair 8800 and the MS-DOS operating system for the IBM PC.

What did Bill Gates really do? ›

Bill co-founded Microsoft Corporation in 1975 with Paul Allen and led the company to become the worldwide leader in business and personal software and services. In 2008, Bill transitioned to focus full-time on the foundation's work.

What mistakes did Bill Gates make at Microsoft? ›

We were distracted during our antitrust trial. We didn't assign the best people to do the work. So it's the biggest mistake I made in terms of something that was clearly within our skill set. We were clearly the company that should have achieved that, and we didn't.

Does Bill Gates still lead Microsoft? ›

Gates stepped down from his position as Microsoft CEO in 2000. I believe he is still on the board but not the chairman. He accepted a position as technology adviser for the current CEO in 2014. Bill Gates does not work at Microsoft anymore.

Is Microsoft still successful today? ›

As we make progress on these priorities, we delivered strong results in fiscal year 2023, including a record $211 billion in revenue and over $88 billion in operating income.

How much does Bill Gates make every hour? ›

Another set of data shows that Gates earns about 7.6 million US dollars a day, which is equivalent to 319635 US dollars per hour. According to reports, only a small portion of Gates's wealth comes from Microsoft shares, accounting for about 12.5%.

Who gave Bill Gates money to start Microsoft? ›

Gates did not start Microsoft with a loan from his parents, it was entirely bootstrapped financially. Paul Allen and Gates had saved up a small amount of money from contract work. Together they provided all of Microsoft's seed capital.

Who owns the most shares of Microsoft? ›

Vanguard owns the most shares of Microsoft (MSFT).

What did Bill Gates do to make Microsoft successful? ›

The Birth of Microsoft

In 1975, Gates and his childhood friend, Paul Allen, founded Microsoft. Their vision was to have a personal computer in every home and business, a lofty goal at the time. Microsoft's big break came with the development of MS-DOS, the operating system for IBM's first personal computer.

When and how did Bill Gates start his company? ›

Founding Microsoft. In 1975, Gates and Allen formed Micro-Soft, a blend of "micro-computer" and "software" (they dropped the hyphen within a year). The company's first product was BASIC software that ran on the Altair computer. At first, all was not smooth sailing.

Where did Bill Gates work before he started Microsoft? ›

Paul Allen and Gates formed a business partnership called Traf-o-data while in high school. Both Gates and Allen were highly sought after computer consultants in high school. Gates was never an employee of any company but his own. Gates was already a businessman and having founder/owner mindset.

What made Microsoft so successful? ›

Much of Microsoft's success can be attributed to its ability to adapt to the changing landscape. In the early days, Microsoft focused on software development and grew into a major player in this space.

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