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EARLY LIFE/EDUCATION- William Henry Gates III was born in Seattle, Washington on October 28, 1955. He was the middle child of William H. Gates II, a prominent Seattle lawyer, and Mary Gates, who worked as a teacher before she had kids. Bill had an older sister, Kristi, and a younger sister, Libby. When Bill turned thirteen his parents sent him to the Lakeside Preparatory School hoping it would prove more of a challenge for him. It was at Lakeside where Bill met his future business partner Paul Allen. He also was introduced to computers at Lakeside
ENTREPRENEURIAL HISTORY- In 1975, Gates dropped out of Harvard to start a software company with Paul Allen called Microsoft. The company was doing well, but it was in 1980 that Gates made a deal with IBM that would change computing. Microsoft reached a deal to provide the MS-DOS operating system on the new IBM PC. Gates sold the software to IBM for a fee of $50,000, however he held onto the copyright of the software. When the PC market took off, Microsoft also sold MS-DOS to other PC manufacturers. Soon, Microsoft was the operating system in a large percentage of computers around the world.
NEEDS/WANTS THE BUSINESS SATISFIED AND TARGET MARKET- In 1985, Gates and Microsoft took another risk. They released the Microsoft Windows operating system. This was Microsoft’s answer to a similar operating system introduced by Apple in 1984. At first, many people complained that Microsoft Windows wasn’t as good as the Apple version. However, Gates continued to press the open PC concept. Microsoft Windows could run on a variety of PC compatible machines, while the Apple operating system only ran on Apple machines. Microsoft won the operating system battle and was soon installed on nearly 90% of the world’s personal computers.
INTERESTING FACTS- Like most successful entrepreneurs, Bill Gates’ success came from a combination of hard work, intelligence, timing, business sense, and luck. Gates constantly challenged his employees to work harder and innovate, but he also worked as hard or harder than the people who worked for him. Gates also wasn’t afraid to take risks. He took a risk when he dropped out of Harvard to start his own company. He also took a risk when he changed Microsoft’s operating system from MS-DOS to Windows. However, his risks were calculated. He had confidence in himself and his product. Gates married Melinda French in January of 1994. They have since had three children including two daughters and a son. In 2000, Gates and his wife formed the Bill and Melinda Gates Foundation. Today, this is one of the largest charitable foundations in the world. Gates personally has donated over $28 billion to charity
Born in Seattle Washington on October 28 1995 was William Henry Gates III. He was the middle child. When he turned 13 his parents sent him to Lakeside Prepatory School hoping it would give him an opportunity to be challenged. During his attendance at school he met his future partner Paul Ellen. Not only that but he became passionate for computers there.
William Henry Gates III was born to William H. Gates II- a lawyer- and Mary Gates- a teacher before she had kids-. His siblings were Kristi -an older sister- and a younger sister Libby. When he turned 13 his parents sent him to lakeside prepatory school.
While Bill was attending Harvard he dropped out in 1975 to start Microsoft with Paul Allen. Microsoft was successful but bill gates made a deal with IBM that would enhance computers. Microsoft reached a deal where they would use the MS-DOS operating system on the new IBM PC. The software was sold to IBM by Gates with a 50,000 dollar fee; However he grasped on to the copyright of the software that was sold to IBM. Other PC manufactures bought the MS-DOS software from Microsoft. Microsoft became the operating system in a large amount all over the world!
Another risk was taken by Microsoft by releasing the Microsoft operating system. Another competitive company was there as well it was apple in 1984. Many people purchasing the products where saying Apple is better. An advantage for Microsoft was that it could run on many different PC machines however, Apple only ran on Apple machines. The battle was over and Microsoft had one about 90 percent of the worlds computers.
Bill Gates worked extremely hard to achieve Microsoft. He constantly pushed his employees to work hard as well. Bill Gates had to take risks like dropping out of Harvard. Also, he changed from the MS-DOS operating system to the Windows operating system. He was confident of what he could do so he took risks. Bill married Melinda French in 1994, January. Since then they had three children 2 daughters and a son. Together both of them formed the Bill and Melinda Gates Foundation. Currently this is one of the greatest charity foundations in the world! Also, can you believe that Bill donated over 28 million dollars.
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