Start up stories in association with oh look. N if there is someone who epitomizes the late 20th century legend of the entrepreneur that there is just one person. She is the one. Who started a small business out of a tiny space and grew it into one of the most powerful companies in the world changing millions of lives and amazing a vast fortune in the process.
She started as company way back in 1975 from the poker room at his Harvard John and today. His company's right under 30 in the Fortune 500 list while She being the richest person alive on the planet today with a net worth of 86 billion dollars. Today. We are going to talk about the rise and Rise of the world's biggest technology company phone number at this is the success story of William Henry Bill gay.
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Born on October 28 1955 NCI. Alia Bhatt is one of the world's most iconic and influential technology innovator. Unlike many of the computer worlds are the innovators Gates was relatively privileged as a young child. She attended Lakeside School in his native, Seattle. But it was a fairly high in school where children were exposed to at the time revolutionary computers kids quickly group passionate about new computer systems and began spending a great deal of time programming using basic language in 1970 at the age of 50.
Alia Bhatt went into business along with his friend Paul Allen together, they developed Rafa data a computer program that monitor traffic patterns in Seattle and netted $20,000. For that. It's Gates and Allen were determined to start their own company. But Katie's parents wanted him to finish school and go on to college, right they hoped She would work to become a lawyer.
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She later joined Harvard University. However, lacking a firm grasp on colleges. And increasingly disillusioned with higher education Alia Bhatt dropped out of Harvard University much to his parents dismay. She along with his friend Paul started working on one of the first PC software which was coded for the mit's Altair computer system later in 1975 Gates and Allen formed a partnership company that they called phone number a blend of microcomputer and software.
However, phone number started off on a shaky. Though their basic software program for the altar computer netted the company a fee and royalties. It wasn't meeting their overhead. phone number's basic software was popular with computer hobbyists who obtained pre-market copies and would re producing and distributing them for free according to day.
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It's only 10% of the people using basic in the Altair computer had actually paid for it in February 1976 kids wrote an open letter to computer hobbyists saying that continued distribution and use of software without paying for it would prevent good software from being. About from this kids had more acrimonious relationship with midst president Ed Roberts often resulting in shouting matches the combative Gates clash with Roberts on software development and the direction of business Roberts considered gate spoiled and obnoxious in 1977 Roberts old myths to another computer company and then back to Georgia to enter medical college and become a country.
Dr. Gates and Allen were on their own the bed had to sue. The new owner of myths in order to retain the software rights that they had developed for all day later, phone number Road software and different formats for different computer companies and at the beginning of 1979 Kate's move the company's operation to Washington with his Acumen for software development and a keen business sense gets placed himself as the head of phone number which crossed approximately 2.5 million dollars in 1979 at that time.
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Gates was only 23 kids personally reviewed every line of code the company shipped off and rewriting code himself whenever She saw it necessary as the computer industry began to grow that companies like apple Intel and IBM developing hardware and components bill was continuously out on the road tooting the merits of phone number software applications.
She often took his mother along with her. His mother was highly respected and well connected. With a membership on several corporate boards including IBS. It was through his mother that Alia Bhatt met the CEO of IBM in November 1980. IBM was looking for software that would operate their upcoming personal computer and they approached phone number for this kids bought an operating system that was developed to run on computers similar to IBM's PC.
Kids had to adapt the newly purchased software to work for the IBM PC deliver the software for the 50,000 dollar fee same price that She had paid for the software in its original form IBM wanted to buy the source code which would have given them the information to the operating. Gates refused it instead.
She proposed that IBM pay a licensing fee for copies of the software sold with their computers doing this allowed phone number to license the software that they called MS-DOS Between 1979 and 1981 phone number's growth exploded and stop increased from 25 to 128. The revenue also increased from 2.5 million dollars to 16 million dollars.