STORY 2 : BILL GATES (Microsoft)
From a 3- year old kid to old,if there's one name that every single person knows about is BILL GATES. Bill Gates is the owner of Microsoft and been named as richest man on the planet several times. His jouney to riches has been extraordinary. Here's a look at his journey from failing several times to becoming a success.
Before launching Microsoft, Bill Gates was a Harvard University dropout and co-owner of a failed business called Traf-O-Data.
About His first Business : Traf-O-Data, a partnership between Gates, Allen, and Gilbert, needed a professional paper tape reader. Gates used $3,400 of his own money to purchase an Enviro-Labs Model GS-311 Paper Tape Reader. Traf-O-Data used the device to process the paper tapes generated by traffic counting boxes and produced some revenue. Eventually, the State of Washington offered free traffic processing services, ending this revenue. In May of 1979, Traf-O-Data sent letters to clients saying they were suspending business. Gates’ first business had failed.
But driven by his passion for computer programming, Gates built what would become the world's largest software company. Microsoft went public in 1986, and by the next year its rising share price made then-31-year-old Gates the world's youngest self-made billionaire. An investor in the initial public offering would have seen a return of 30,207 percent.
There’s definitely a stigma against failure — so much so that many people are held back by fear of it — but even Bill Gates’s first company was a failure. But he never got bogged down by it and kept on trying and ultimately became world's youngest billioniare and the richest man on Earth.
Compiled & Written by : Akshat Jain
Sources Used : cbsnews
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