Microsoft's Bootstrapped Profits
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A story about how Microsoft was actually a bootstrapped business before taking minimal VC investment right before IPO.
"Somebody asked the other day what's the largest bootstrap business of all time and Paul Graham answered Microsoft. People are like 'oh they took VC' - no, they were printing money and they sold a million shares of Microsoft for a million dollars to a VC. They did not need the money right before they went public to get expertise.
That was a bootstrap business. The year before Microsoft IPOs, in 1980 money, they did 140 million in revenue and 38 million in profit."
David Senra
Host of the Founders podcast, sharing insights from biographies of history's greatest entrepreneurs. Created Founders Notes, a resource providing access to book highlights for podcast listeners.
Analyzes and extracts actionable business ideas from entrepreneur biographies. Communicates effectively through podcasting, inspiring and educating aspiring business leaders.