

Microsoft’s startup story: A new look, with insights for today
Nov 13, 2024
Tech historian Margaret O’Mara, author of "The Code: Silicon Valley and the Remaking of America," takes a deep dive into Microsoft's founding narrative. She discusses the pivotal 1980 meeting between Bill Gates and an early investor, which shaped Microsoft's initial funding. O'Mara reveals how the strategic choice of Seattle and innovative software monetization propelled Microsoft to success. Additionally, she addresses the early skepticism surrounding software as a business and the challenging culture that prevailed at the company, all while highlighting its lasting impact on technology and productivity.
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A Chilly Meeting
- Bill Gates, at 25, met David Marquardt at a Husky Stadium football game in 1980.
- Marquardt, a Silicon Valley investor, gave Gates his sport coat due to the cold.
Technical Discussion
- At the football game, Gates and Marquardt discussed compiler architecture.
- The meeting was highly technical, setting the stage for an investment.
Early Investment
- Microsoft had profits of $2-3 million on $5 million in revenue.
- Marquardt invested $1 million for 5% of Microsoft, a $20 million valuation.