@MikeOck wrote:
I have been reading up on Bill Gates' story recently and one thing that stuck out was that the guy did not raise any VC money for growth. He only took on VC for advisory purposes when they were headed for IPO. When starting up, this was the formula for Microsoft's success:
- Build something in a big market
- Build something that is monetisable from day 1
- Get profitable from year 1
- Scale by reinvesting the profits
- Keep all of the company and share generously with employees when the time is right
Very different from the current mantra of raise series A through F, giving VCs 90% of the company. I find the Microsoft model superior. What do you think?
Posts: 2
Participants: 2