Why Bill Gates refused to fund his daughter’s startup

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Microsoft’s former CEO Bill Gates appears relieved that he didn’t have to invest in his daughter Phoebe Gates’ new shopping app, Phia, which launched this week.The AI-driven tool helps users find the best fashion deals online.

When Phoebe and her Stanford roommate, Sophia Kianni, shared their plans for entry into the ecommerce arena, Gates admitted in a New York Times interview, “I thought, ‘Oh boy, she’s going to come and ask’.”

Gates, who previously told Raj Shamani he’s giving his children “less than 1%” of his wealth to…



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Why Bill Gates refused to fund his daughter’s startup


Microsoft’s former CEO Bill Gates appears relieved that he didn’t have to invest in his daughter Phoebe Gates’ new shopping app, Phia, which launched this week.The AI-driven tool helps users find the best fashion deals online.

When Phoebe and her Stanford roommate, Sophia Kianni, shared their plans for entry into the ecommerce arena, Gates admitted in a New York Times interview, “I thought, ‘Oh boy, she’s going to come and ask’.”

Gates, who previously told Raj Shamani he’s giving his children “less than 1%” of his wealth to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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