3min chapter

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#44 A Memoir by the Cofounder of Microsoft

Founders

CHAPTER

How Paul Allen Lost $40 Billion From American Online

In 1986, Microsoft issued its initial public offering. I sold 200,000 shares and kept the rest, roughly 28% of the company. Over night, I was $175 million richer. He wrote this book about four or five years ago. Towards the end of his life, it's usually when you have a lot to teach other people.

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