Word: microsofts
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Bill Gates, who for years was the richest man in the world, is also one of the smartest. But even he couldn't figure out how to beat the Internet - how to transition his grand old monopoly software company, Microsoft, into a business that thrives on the Net. And so he begins his retirement today from Microsoft as the PC era's biggest winner, and the Web era's most spectacular casualty...
...companies not born on the Web have figured out how to thrive there. (Apple, with its post-PC iPhone, could be the shining exception.) As Gates turns his attention full time to philanthropy, I wonder what will be left of the great company he founded, Microsoft, by the time Gates picks up a Nobel Prize for Peace. Clearly, a business with $26 billion in cash reserves isn't exactly at death's door. And Microsoft continues to be enormously profitable, thanks to its operating system monopoly. Thanks, that is, to Gates's genius...
BILL GATES celebrates last day of full-time work at Microsoft. Steve Ballmer celebrates more...
...changed on our watch. I didn't grow up knowing how to use a computer. So that instrument alone is highly symbolic that the world has changed. It's very fast, very dynamic, very fluid. A kid in Bangalore can come up with a program that could make Microsoft obsolete in two years. This is scary. This makes for great uncertainty. So what we're really worried about is the success of our kids. That's why we push them to achieve. And that's why we're focused on the Harvard, Yale, Princeton brand-name education. In a world...
...Cohler's stake in Facebook, a privately held company valued at $15 billion (thanks to Microsoft's minority investment last year), is likely vested by now. And he's not exactly leaving for a job in the Peace Corps. One of Benchmark's hallmarks is that all of its partners share in the wealth equally - a deviation from the typical star system at venture capital firms, where partners tend to be rewarded based on the deals they put together. The firm - which, with Cohler, now has nine partners - manages nearly $2.8 billion. Cohler said that another aspect of the novel...