So how did Bill Gates make so much money? Here are some suggestions that can help us increase our wealth, just like billionaire Bill Gates.
1. If the development is good, it is recommended to reject venture capital.
1in March, 986, Microsoft did not accept any venture capital funds before its initial public offering. This means that when Bill Gates went public, he still owned 45% of Microsoft.
However, this strategy is not suitable for everyone. If you own a company, venture capital can be a lifeline, so that your company can be filled with cash before making a profit, thus building a strong enterprise.
So, if you need to, attract some rich private equity. However, if you know that you can keep developing without venture capital, you can consider learning from Bill Gates, so that you can still maintain absolute control when the company goes public.
It can be said that Gates never intended to be the richest man in the world, and he didn't want Microsoft to grow as soon as possible, which means that he doesn't need to introduce private equity to fund Microsoft's rapid expansion.
By evaluating control and slow and steady development, Gates can hold a 45% stake in Microsoft. It was not until a few years after the dot-com bubble that the irrational madness of stocks rose to a high point that Bill Gates sold most of the stocks and cashed in.
2. invest in your education
In 20 14, a poster asked Gates to provide the best personal financial advice for people with an annual income of less than $654.38 million. Gates just told them to "invest in your education".
In the 1960s, after leaving the Ivy League, Gates went to the famous lakeside school in Seattle. There, he first discovered the computer. This is the most advanced computer that the school invested 3000 dollars to buy.
13-year-old Gates has been fascinated with him ever since. This technology was still unheard of in middle schools at that time, but Gates got this kind of school resource because he went to a very good school. Now the annual tuition fee of this school is 33,280 US dollars, which is 220,000 RMB.
This is a junior high school. The tuition fee for a junior high school year is so high. Really can't lose at the starting line.
In 1970s, Gates went to Harvard University, but dropped out two years later because he wanted to start Microsoft with his good friend paul allen.
Get the help of a good lawyer
According to the book 1000 billion secrets by economist Sam Wilkin, the main reason why Gates has incredible wealth is that he has absolute property rights to the software developed in the 1970s.
Because Gates' father was a senior lawyer in Seattle at that time, neither Microsoft nor Bill Gates suffered losses in terms of equity or commercial contracts.
This advantage can protect Gates from unbalanced competition in the development of Microsoft. From a legal point of view, it can prevent any company from copying Microsoft products.