A PROJECT ON LIFE CYCLE OF ANENTREPRENEURWITH REFERENCE TO BILL GATES
GHANSHYAMDAS SARAF COLLEGE OF ARTS AND COMMERCE A PROJECT OF ENTREPRENEURSHIP & MANAGEMENNT OF SMALL & MEDIUM ENTERPRISE. BILL GATESSUBMITTED TO:-PROF. ANGIRASUBMITTED BY:-NAMES ROLL NO.Sanjoli Bhageria 13Rohit Deriya 25Rebecca Fernandes 28Juili Haryan 34Pinky Pan 59Kusum Parmar 60
BIO-DATA OF BILL GATESBORN: October 28, 1955 (age 56) Seattle, Washington, U.S.RESIDENCE: Medina, Washington, U.S.EDUCATION: graduate(drop out)NATIONALITY: AMERICANOCCUPATION: Chair Man of Microsoft =>Chairman of Corbis =>Co-Chair of the Bill & Melinda Gate Foundation =>Director of Berkshire Hathaway => CEO of Cascade InvestmentCurrant wealth: U.S $59 billionReligion: AgnosticHOBBY: BORD GAME&MONOPOLY GAME
About BillGatesWilliam Henry "Bill" Gates III (born October 28, 1955) is anAmerican business magnate and philanthropist. Gates is the former chiefexecutive and current chairman of Microsoft, the world‘s largest personal-computer software company, which he co-founded with Paul Allen. He isconsistently ranked among the worlds wealthiest people and was the wealthiestoverall from 1995 to 2009, excluding 2008, when he was ranked third; in 2011he was the wealthiest American and the second wealthiest person. During hiscareer at Microsoft, Gates held the positions of CEO and chief softwarearchitect, and remains the largest individual shareholder, with 6.4 percent ofthe common stock. He has also authored and co-authored several books.Gates is one of the best-known entrepreneurs of the personal computerrevolution. Gates has been criticized for his business tactics, which have beenconsidered anti-competitive, an opinion which has in some cases been upheldby the courts. In the later stages of his career, Gates has pursued a number ofphilanthropic endeavors, donating large amounts of money to various charitableorganizations and scientific research programs through the Bill & MelindaGates Foundation, established in 2000.Gates stepped down as chief executive officer of Microsoft in January 2000. Heremained as chairman and created the position of chief software architect. InJune 2006, Gates announced that he would be transitioning from full-time workat Microsoft to part-time work, and full-time work at the Bill & Melinda GatesFoundation. He gradually transferred his duties to Ray Ozzie, chief softwarearchitect, and Craig Mundie, chief research and strategy officer. Gatess lastfull-time day at Microsoft was June 27, 2008. He remains at Microsoft as non-executive chairman.
Early life:-Gates was born in Seattle, Washington, to William H. Gates, Sr. and MaryMaxwell Gates. His ancestry includes English, German, and Scots-Irish. Hisfather was a prominent lawyer, and his mother served on the board of directorsfor First Interstate BancSystem and the United Way. Gatess maternalgrandfather was J. W. Maxwell, a national bank president. Gates has one eldersister, Kristi (Kristianne), and one younger sister, Libby. He was the fourth ofhis name in his family, but was known as William Gates III or "Trey" becausehis father had the "II" suffix. Early on in his life, Gatess parents had a lawcareer in mind for him. When Gates was young, his family regularly attendeda Congregational church.At 13 he enrolled in the Lakeside School, an exclusive preparatoryschool. When he was in the eighth grade, the Mothers Club at the school usedproceeds from Lakeside Schools rummage sale to buy a Teletype Model33 ASR terminal and a block of computer time on a General Electric (GE)computer for the schools students. Gates took an interest in programming theGE system in BASIC, and was excused from math classes to pursue his interest.He wrote his first computer program on this machine: an implementation oftic-tac-toe that allowed users to play games against the computer. Gates wasfascinated by the machine and how it would always execute software codeperfectly. When he reflected back on that moment, he said, "There was justsomething neat about the machine." After the Mothers Club donation wasexhausted, he and other students sought time on systemsincluding DEC PDPminicomputers. One of these systems was a PDP-10 belonging to Computer Center Corporation (CCC), which banned fourLakeside students—Gates, Paul Allen, Ric Weiland, and Kent Evans—for thesummer after it caught them exploiting bugs in the operating system to obtainfree computer time.At the end of the ban, the four students offered to find bugs in CCCs softwarein exchange for computer time. Rather than use the system via Teletype, Gates
went to CCCs offices and studiedsource code for various programs that ran onthe system, including programs in FORTRAN, LISP, and machine language.The arrangement with CCC continued until 1970, when the company went outof business. The following year, Information Sciences, Inc. hired the fourLakeside students to write a payroll program in COBOL, providing themcomputer time and royalties. After his administrators became aware of hisprogramming abilities, Gates wrote the schools computer program to schedulestudents in classes. He modified the code so that he was placed in classes withmostly female students. He later stated that "it was hard to tear myself awayfrom a machine at which I could so unambiguously demonstrate success." Atage 17, Gates formed a venture with Allen, called Traf-O-Data, to make trafficcounters based on the Intel 8008 processor. In early 1973, Bill Gates served as acongressional page in the U.S. House of Representatives.Gates graduated from Lakeside School in 1973. He scored 1590 out of 1600 onthe SAT and enrolled at Harvard College in the autumn of 1973. While atHarvard, he met Steve Ballmer, who later succeeded Gates as CEO ofMicrosoft.Family background of biil gates:-Gates was born in Seattle, Washington, His father was to William H. Gates,Sr. and Mary Maxwell Gates is his mother of English, German, His family wasupper middle class; his father was a prominent lawyer, his mother served on theboard of directors for First Interstate Bank System and the United Way.Gates attended public elementary school and the private Lakeside School.There, he discovered his interest in software and began programming computersat age 13. The Gates family atmosphere was warm and close, and all threechildren were encouraged to be competitive and strive for excellence. Billshowed early signs of competitiveness when he coordinated family athleticgames at their summer house on Puget Sound. He also relished in playing boardgames (Risk was his favorite) and excelled in Monopoly. Bill had a very close relationship with his mother, Mary, who after a briefcareer as a teacher devoted her time to helping raise the children and working
on civic affairs and with charities. She also served on several corporate boards,among them First Interstate Bank in Seattle (founded by her grandfather),MARRIAGE LIFE:-How Bill and Melinda Met:Bill and Melinda met in 1987 at a Microsoft press event in Manhattan, NewYork.Marriage Proposal:Bill proposed marriage to Melinda in 1993 when he "secretly diverted achartered plane they were taking home from Palm Springs one Sunday night toland in Omaha. Warren Buffett met them there, arranged to have a jewelry storeopen, and helped them pick a ring."Ages at Wedding: Bill, 38. Melinda,29.Wedding Date:Bill and Melinda were married on January 1, 1994 on the Hawaiian island ofLanai. The island has no stoplights, has 47 miles of coastline, lots of white sand,and is only 18 miles long and 13 miles wide.
BILL GATES AS A TECHNICAL LEADER New Source-Code :Gates went to Computer Center Corporation ‗CCC‘ and studied source code for various programs that ran on the system, including programs in FORTRAN, LISP, and machine language. New Venture : At age 17, Gates formed a venture with ‗Allen‘ called ‗Traf-O-Data‘ to make traffic counters based on the ‗Intel 8008 processor‘. New Opportunity : the release of the ‗MITS Altair 8800‘ based on the ‗Intel 8080 CPU‘ facilitated them to go for new possibilities to open their own computer software company. MITS Altair 8800 Computer with 8-inch (200 mm) floppy disk system Gates & MITS linkage : Gates contacted Micro Instrumentation and Telemetry Systems (MITS), the creators of the new microcomputer, to inform them that he and others were working on a BASIC interpreter for the platform. Project Altair-BASIC : Paul Allen was hired into MITS, and Gates took a leave of absence from Harvard Univ. to work with Allen at MITS in Albuquerque in November 1975
MICROSOFTAfter reading the January 1975 issue of Popular Electronics that demonstratedthe Altair 8800, Gates contacted Micro Instrumentation and TelemetrySystems (MITS), the creators of the new microcomputer, to inform them that heand others were working on a BASIC interpreter for the platform. In reality,Gates and Allen did not have an Altair and had not written code for it; theymerely wanted to gauge MITSs interest. MITS president Ed Robertsagreed tomeet them for a demo, and over the course of a few weeks they developed anAltair emulator that ran on a minicomputer, and then the BASIC interpreter.The demonstration, held at MITSs offices in Albuquerque was a success andresulted in a deal with MITS to distribute the interpreter asAltair BASIC. PaulAllen was hired into MITS, and Gates took a leave of absence from Harvard towork with Allen at MITS in Albuquerque in November 1975. They named theirpartnership "Micro-Soft" and had their first office located inAlbuquerque. Within a year, the hyphen was dropped, and on November 26,1976, the trade name "Microsoft" was registered with the Office of theSecretary of the State of New Mexico. Gates never returned to Harvard tocomplete his studies.Microsofts BASIC was popular with computer hobbyists, but Gates discoveredthat a pre-market copy had leaked into the community and was being widelycopied and distributed. In February 1976, Gates wrote an Open Letter toHobbyists in the MITS newsletter saying that MITS could not continue toproduce, distribute, and maintain high-quality software without payment. Thisletter was unpopular with many computer hobbyists, but Gates persisted in hisbelief that software developers should be able to demand payment. Microsoftbecame independent of MITS in late 1976, and it continued to developprogramming language software for various systems. The company moved fromAlbuquerque to its new home in Bellevue, Washington on January 1, 1979, afterthe former rejected his loan application.During Microsofts early years, all employees had broad responsibility for thecompanys business. Gates oversaw the business details, but continued to writecode as well. In the first five years, Gates personally reviewed every line ofcode the company shipped, and often rewrote parts of it as he saw fit.IBM partnershipIBM approached Microsoft in July 1980 regarding its upcoming personalcomputer, the IBM PC. The computer company first proposed that Microsoftwrite the BASIC interpreter. When IBMs representatives mentioned that theyneeded an operating system, Gates referred them to Digital Research (DRI),makers of the widely used CP/M operating system. IBMs discussions with
Digital Research went poorly, and they did not reach a licensing agreement.IBM representative Jack Sams mentioned the licensing difficulties during asubsequent meeting with Gates and told him to get an acceptable operatingsystem. A few weeks later Gates proposed using 86-DOS (QDOS), an operatingsystem similar to CP/M that Tim Paterson of Seattle Computer Products(SCP)had made for hardware similar to the PC. Microsoft made a deal with SCP tobecome the exclusive licensing agent, and later the full owner, of 86-DOS.After adapting the operating system for the PC, Microsoft delivered it to IBMas PC-DOS in exchange for a one-time fee of $50,000.Gates did not offer to transfer the copyright on the operating system, because hebelieved that other hardware vendors would clone IBMs system. They did, andthe sales of MS-DOS made Microsoft a major player in the industry. DespiteIBMs name on the operating system the press quickly identified Microsoft asbeing very influential on the new computer, with PC Magazineasking if Gateswere "The Man Behind The Machine?" He oversaw Microsofts companyrestructuring on June 25, 1981, which re-incorporated the company inWashington state and made Gates President of Microsoft and the Chairman ofthe Board.WindowsMicrosoft launched its first retail version of Microsoft Windows on November20, 1985, and in August, the company struck a deal with IBM to develop aseparate operating system called OS/2. Although the two companiessuccessfully developed the first version of the new system, mounting creativedifferences caused the partnership to deteriorate. It ended in 1991, when Gatesled Microsoft to develop a version of OS/2 independently from IBM.
BILL GATES AS A SUCCESSFUL ENTREPRENEURGates is one of the most successful entrepreneurs of the world. He is able to runa successful and a profitable entrepreneurship for many years and even today,we cannot survive in this competitive world without it.Vision and dedication are the key factors of being a successful entrepreneur andthese skills were present in Bill Gates from the beginning. He has got the skillsto identify the most suitable employee for recruitment.The success of Microsoft is the true example of the entrepreneurial skills of BillGates.The success story of Bill Gates is highly motivating for all the upcomingentrepreneurs.His hard work, dedication and self-confidence helped him to earn everything hehas. He is a simple man and slightly conservative in regards of money althoughhe is one of the richest people of the world.The youth can take inspirations from the life of Bill Gates. So it can beconcluded that Bill Gates is one of the ideal personalities of the world who hashonestly contributed towards the worlds success.Achievements as a successful entrepreneurThe list of achievements of Bill Gates is so long that a book can be writtenabout it. Some of his achievements are mentioned below:1. In 2005, Bill Gates knighted by Queen Elizabeth II for his contribution to theBritish economy. His title will be Knight Commander of the Order of theBritish Empire.‘2. Time Magazine included his name in 100 most influential people of 20thcentury. His name was continuously there from 2004 till 2006.3. He has received doctorates from various universities and institutes like
Harvard University and The Royal Institute of Technology.4. Bill Gates and his wife have done many generous works for the welfare of thesociety. For this, they have received the award of Order of the Aztec Eagle inMexico.5. Sunday Times included his name in its Power List in 1999.6. Forbes Magazine listed his name in The Worlds Richest People from theyear 1995 to 2007.7. Berkshire Hathaway, an investment company, approached him to be theDirector of the company.In 2000 Gates resigns as CEO of Microsoft to spend more on softwarearchitecture and less with running the companyCHARACTERISTICS OF BILL GATESINTELLIGENTHe believes that if you are intelligent and know how to apply your intelligence,you can achieve anything. From childhood Bill was ambitious, intelligent andcompetitive. These qualities helped him to attain top position in the professionhe chose.VISIONARYMicrosofts vision is "A computer on every desk and Microsoft software onevery computer he will continue to stomp out the competition until he dies.Every business and household must have a computer and must run Microsoftsoftware‖, was the basic guiding vision of Bill Gates.PASSIONWhen as a student at the Harvard University, every single student would havewanted to be part of the great institute and graduate to be successful, Bill Gatesdecided to stop studying and pursue his dream of writing software‘s for every
computer in the world .He was just passionate about software, coding andtechnology that incidentally also made him the richest man in the worldINNOVATIONGates and Allen were assisted by a staff of six, which included fourprogrammers. In late 1977, Gates released a version of FORTRAN language formicrocomputers. In 1978, Gates and Allen introduced a version of COBOL.Around this time, Microsoft emerged as the market leader in microcomputerlanguages with sales exceeding $1 million. In 1979, Microsoft developed a newversion of BASIC... He had an early interest in software and beganprogramming computers at the age of thirteen. .RISK BEARERIn his junior year, Gates dropped out of Harvard to devote his energies full-timeto Microsoft, a company he had started in 1975 with his boyhood friend PaulAllen development of new products.CONTINOUS LEARNER―Microsoft is not about greed. It‘s about Innovation and Fairness.‖ – BillGates‖Never stop learning was the Mantra of Bill Gates which he follow tilldate. This empowers him to be a Great Leader of our times. He will always beremembers as an Icon and even without his presence in Microsoft he would stillbe regarded as a great inventor and a real genius in every regard of Business,Technology and Entrepreneurship.ACCEPTING THE CRITICISMSIts fine to celebrate success but it is more important to heed the lessons offailure.There will be people who would want to make fun of your efforts, pullyou down and so on. The stronger you stand the bolder you get the faster thesenegatives wither.When IBM pulled out of the contract for the operating system to be bundledwith the IBM Clone PCs, Bill Gates stayed on and started focusing on thecreating Windows amidst lots of hiccups that will hamper the company.
OTHER KEY LESSONS-BILL GATES―If you show people the problems and you show them the solutions they will bemoved to act.‖ – Bill GatesThis is one never mentioned secret of success. Action is the key word. Whenlogic never drives us its emotions. We must have take action. Bill Gates as asmall young boy never had anything to lose which he kept telling his goodfriend Paul Allen. When he had several odds again him such as the AmericanLaw and several cases against him, he still consistently took action bydeveloping more software which the people wanted. This made him a super starovernight. ―Whether it‘s Google or Apple or free software, we‘ve got somefantastic competitors and it keeps us on our toes‖ – Bill Gates Bill Gates tookup the responsibility of being the Chief Software Architect, Bill Gates wasnurturing Microsoft by building a broad range of products. This was not justcapitalizing on the knowledge but provide the best by understanding the need ofthe people.Bill Gates Secrets of SuccessHard work: Bill Gates is a hard worker since the beginning of his life. In hiscollege days, he used to work all night long on his computer. When Microsoftwas started, Bill Gates used to sleep only for 6 hours in a day without skipping asingle day of office. For Bill Gates, hard work is one of the main keys ofsuccess.Entrepreneurship:Entrepreneurship is an integral part and is present in Bill Gates from thebeginning. He knows how to manage his work, he always takes a keen interestin learning, he learns from his own mistakes, he is a creative person and, mostof all, and he is focused towards his goals.Confidence:
Bill Gates has always been a highly confident person. He was always confidentabout his dream of becoming successful.Managerial Skills: The greatmanagerial skills of Bill Gates helped Microsoft to be a successful company. Heefficiently managed all the areas of the company which required his focus.AGreat Convincer: Bill Gates is gifted with great convincing skills. He has madelots of successful deals in his career. The deal with IBM was one of them.Technical Mind:Bill Gates is born with a highly technical bent of mind. It is a gift of god to him.Microsoft has earned lots of success through this technical mind.He Had A Vision:From day one, Gates dreamed of having a personal computer in every home, inevery business and in every school. Throughout his career, he never oncewavered from this dream. Focusing on software as the means to popularize thePC, Gates built his empire around this central vision and steered clear of allother distractions. And, the vision continues today. ―We are not even close tofinishing the basic dream of what the PC can be,‖ he says.He Had a Solid Team:―If we weren‘t still hiring great people and pushing ahead at full speed, it wouldbe easy to fall behind and become a mediocre company,‖ says Gates. FromMicrosoft‘s inception, Gates prioritized his team, bringing in only trustedfriends to help him get the company started. As the company grew, he insistedthat they hire only the most capable young minds and strove to create a smalland creative environment for them to thrive in. Microsoft succeeded not onlybecause of Gates, but also because of the strong team that stood behind him.He Took a Long-Term Approach:―In the decade ahead I can predict that we will provide over twice theproductivity improvement that we provided in the ‗90s,‖ said Gates. This boldstatement captures Gates‘ philosophy behind his entire business. Never one tochase after instant success or an immediate pay-off, Gates began codingsoftware with a view to the next fifty years. He has constantly tried to keep hiscompany at the forefront of new technological developments by funding newresearch initiatives. Gates‘ long-term approach helped ensure Microsoft‘sremarkable staying power.
He Learned From Failure:In hindsight, Gates‘ early failures seem so miniscule that they are almostlaughable. But, as a struggling entrepreneur, he went through the samefrustration, confusion and despair that others in his situation also face. Whatdistinguishes Gates from the rest was his ability to rebound from his mistakesand take whatever lessons he could from them. He then became even moreresolute and determined to see his vision realize.Mangement sytle :From Microsofts founding in 1975 until 2006, Gates had primary responsibilityfor the companys product strategy. He aggressively broadened the companysrange of products, and wherever Microsoft achieved a dominant position hevigorously defended it. He gained a reputation for being distant to others; asearly as 1981 an industry executive complained in public that "Gates isnotorious for not being reachable by phone and for not returning phonecalls." Another executive recalled that after he showed Gates a videogame anddefeated him 35 of 37 times, when they met again a month later Gates "won ortied every game. He had studied the game until he solved it. That is acompetitor."As an executive, Gates met regularly with Microsofts senior managers andprogram managers. Firsthand accounts of these meetings describe him asverbally combative, berating managers for perceived holes in their businessstrategies or proposals that placed the companys long-term interests at risk.He often interrupted presentations with such comments as, "Thats the stupidestthing Ive ever heard!" and, "Why dont you just give up your options and jointhe Peace Corps?" The target of his outburst then had to defend the proposalin detail until, hopefully, Gates was fully convinced. When subordinatesappeared to be procrastinating, he was known to remark sarcastically, "Ill do itover the weekend."Gatess role at Microsoft for most of its history was primarily a managementand executive role. However, he was an active software developer in the earlyyears, particularly on the companys programming language products. He hasnot officially been on a development team since working on the TRS-80 Model100, but wrote code as late as 1989 that shipped in the companys products. OnJune 15, 2006, Gates announced that he would transition out of his day-to-dayrole over the next two years to dedicate more time to philanthropy. He dividedhis responsibilities between two successors, placing Ray Ozzie in charge of day-to-day management and Craig Mundie in charge of long-term product strategy.
RecognitionIn 1987, Gates was listed as a billionaire in the pages of Forbes 400 RichestPeople in America issue, just days before his 32nd birthday. As the worldsyoungest self-made billionaire, he was worth $1.25 billion, over $900 millionmore than hed been worth the year before, when hed debuted on the list.Time magazine named Gates one of the 100 people who most influenced the20th century, as well as one of the 100 most influential people of 2004, 2005,and 2006. Time also collectively named Gates, his wife Melinda and U2s leadsinger Bono as the 2005 Persons of the Year for their humanitarian efforts. In2006, he was voted eighth in the list of "Heroes of our time".Gates was listed inthe Sunday Times power list in 1999, named CEO of the year by ChiefExecutive Officers magazine in 1994, ranked number one in the "Top 50 CyberElite" by Time in 1998, ranked number two in theUpside Elite 100 in 1999 andwas included in The Guardian as one of the "Top 100 influential people inmedia" in 2001.In 1994, he was honoured as the twentieth Distinguished Fellow of the BritishComputer Society. Gates has received honorary doctorates fromNyenrodeBusiness Universiteit, Breukelen, The Netherlands, in 2000; the Royal Instituteof Technology, Stockholm, Sweden, in 2002; Waseda University, Tokyo, Japan,in 2005; Tsinghua University, Beijing, China, in April 2007; HarvardUniversity in June 2007; the Karolinska Institutet, Stockholm, in January2008, and Cambridge University in June 2009. He was also made an honorarytrustee of Peking University in 2007. Gates was also made an honorary KnightCommander of the Order of the British Empire (KBE) by Queen Elizabeth II in2005, in addition to having entomologists name the Bill Gates flowerfly,Eristalis gatesi, in his honor.In November 2006, he and his wife were awarded the Order of the AztecEagle for their philanthropic work around the world in the areas of health andeducation, particularly in Mexico, and specifically in the program "Un país delectores".In October 2009, it was announced that Gates will be awardedthe 2010 Bower Award for Business Leadership of The Franklin Institute for hisachievements in business and for his philanthropic work. In 2010 he washonored with the Silver Buffalo Award by the Boy Scouts of America, itshighest award for adults, for his service to youth.In 2011, Bill Gates was ranked as the fifth most powerful person in the world,according to rankings by Forbes magazine.
BILL GATES AS AN AUTHORTo date, Bill Gates has authored two books. The Road Ahead, written withMicrosoft executive Nathan Myhrvold and journalist Peter Rinearson, waspublished in November 1995, and it summarized the implications of thepersonal computing revolution and described a future profoundly changed bythe arrival of a global information superhighway. Business @ the Speed ofThoughtwas published in 1999, and discusses how business and technology areintegrated, and shows how digital infrastructures and information networks canhelp getting an edge on the competition.Gates has appeared in a number of documentaries, including the 2010documentary film Waiting for "Superman",and the BBC documentaryseries The Virtual Revolution.Gates was prominently featured in Pirates of Silicon Valley, a 1999 film whichchronicles the rise of Apple and Microsoft from the early 1970s to 1997. Hewas portrayed by Anthony Michael Hall.Other Publication: • Showing Up for Life: Thoughts on the Gifts of a Lifetime by Bill Gates, Mary Ann Mackin Hardcover - April 2009 • Wealth and Our Commonwealth: Why America Should Tax Accumulated Fortunes by William H. Gates, Chuck Collins Hardcover - January 2003 • Bill Gates Speaks: Insight from the Worlds Greatest Entrepreneur by Janet Lowe, Bill Gates Hardcover - October 1998 • Camino Al Futura - The Road Ahead by Bill Gates Hardcover - February 1996 • MS-DOS Technical Reference Encyclopedia, Versions 1.0-3.2 by William H. Gates Hardcover - June 1986
BILL GATES AS A PHILANTHROPISTGates began to appreciate the expectations others had of him when publicopinion mounted suggesting that he could give more of his wealth to charity.Gates studied the work of Andrew Carnegie and John D. Rockefeller, and in1994 sold some of his Microsoft stock to create the William H. GatesFoundation. In 2000, Gates and his wife combined three family foundations intoone to create the charitable Bill & Melinda Gates Foundation, which is thelargest transparently operated charitable foundation in the world. Thefoundation allows benefactors access to information regarding how its money isbeing spent, unlike other major charitable organizations such as the WellcomeTrust. The generosity and extensive philanthropy of David Rockefeller has beencredited as a major influence. Gates and his father met with Rockefeller severaltimes, and modeled their giving in part on the Rockefeller familys philanthropicfocus, namely those global problems that are ignored by governments and otherorganizations. As of 2007, Bill and Melinda Gates were the second-mostgenerous philanthropists in America, having given over $28 billion tocharity. They plan to eventually give 95% of their wealth to charity.The foundation was at the same time criticized because it invests assets that ithas not yet distributed with the exclusive goal of maximizing return oninvestment. As a result, its investments include companies that have beencharged with worsening poverty in the same developing countries where theFoundation is attempting to relieve poverty. These include companies thatpollute heavily, and pharmaceutical companies that do not sell into thedeveloping world. In response to press criticism, the foundation announced in2007 a review of its investments, to assess social responsibility. It subsequentlycanceled the review and stood by its policy of investing for maximum return,while using voting rights to influence company practices. The GatesMillennium Scholars program has been criticized for its exclusionofCaucasian students.Gatess wife urged people to learn a lesson from the philanthropic efforts of theSalwen family, which had sold its home and given away half of its value, asdetailed in The Power of Half. Gates and his wife invited Joan Salwen to Seattleto speak about what the family had done, and on December 9, 2010, Gates,investor Warren Buffett, and Mark Zuckerberg (Facebooks CEO) signed apromise they called the "Gates-Buffet Giving Pledge", in which they promisedto donate to charity at least half of their wealth over the course of time.
SELF-MADE BILLIONAIREA year later, Gates dropped out of Harvard, once it became clear that thepossibilities for Microsoft were bright.The big break came in 1980 when an agreement was signed to provide theoperating system that became known as MS-DOS, for IBMs new personalcomputer.In a contractual masterstroke, Microsoft was allowed to license the operatingsystem to other manufacturers, spawning an industry of "IBM-compatible"personal computers which depended on Microsofts operating system.That fuelled further growth, prompting the company to float in 1986, raising$61m.Now a multi-millionaire, Allen had already stepped back from the frontline. ButGates continued to play the key role in the companys growth, with his visionfor networked computers proving central to Microsofts success.However, his judgment has not always appeared flawless.While sales and profits rocketed in the early 1990s, he was seen to havemisjudged on a grand scale the possibilities and growth of the internet.
CONCLUSIONBill Gates was born on October 28, 1955 in a family having rich business,political and community service background. His great-grandfather was a statelegislator and a mayor, his grandfather was vice president of national bank andhis father was a lawyer.Personal AttributesBill strongly believes in hard work. He believes that if you are intelligent andknow how to apply your intelligence, you can achieve anything. Fromchildhood Bill was ambitious, intelligent and competitive. These qualitieshelped him to attain top position in the profession he chose. In school, he had anexcellent record in mathematics and science. He used to be really bored inschool and his parents knew it, so they always tried to feed him with moreinformation to keep him busy. Bills parents came to know about their sonsintelligence and decided to enroll him in a private school, known for its intenseacademic environment. It was a very important decision in Bills life, and it wasthere that he was introduced to a computer. Bill Gates and his friends were verymuch interested in the world of programming and formed "ProgrammersGroup" in late 1968. Being in this group, they found a new way to apply theirskills in university of Washington. In the next year, they got their firstopportunity in Information Sciences Inc. in which they were selected asprogrammers. ISI (Information Sciences Inc.) agreed to give them royaltieswhenever it made money from any of the groups program. As a result of thebusiness deal signed with Information Sciences Inc., the group also became alegal business.Bill and his close friend Allen started new company of their own, Traf-O-Data.They developed a small computer to measure traffic flow. From this projectthey earned around $20,000. The era of Traf-O-Data came to an end when Billleft the college. In 1973, he left home for Harvard University. He didnt knowwhat to do, so he enrolled his name for pre-law. He took the standard freshmancourses with the exception of signing up for one of Harvards toughestmathematics courses. He did well there, but he couldnt find it interesting. Hespent many long nights in front of the schools computer and the next day asleepin class. After leaving school, he almost lost himself from the world ofcomputers. Bill and his friend Paul Allen remained in close contact even thoughthey were away from school. They would often discuss new ideas for futureprojects and the possibility of starting a business one day. At the end of Billsfirst year, Allen came close to him so that they could follow some of their ideas.That summer they got job in Honeywell. Allen kept on pushing Bill for openinga new software company.
The Successful Entrepreneur and PhilanthropistWithin a year, Bill dropped out from Harvard. Then he formed Microsoft. Bill isa visionary person and works very hard to achieve his vision. His belief in highintelligence and hard work has put him where he is today. He does not believein mere luck or Gods grace, but just hard work and competitiveness. Microsoftis good competition for other software companies and he will continue to stompout the competition until he dies. He likes to play the game of risk and worlddomination. His beliefs are so powerful, which have helped him increase hiswealth and his monopoly in the industry.Bill married Melinda French in 1994 and they have three children. It was withMelindas constant support that Bill accomplished his long-cherished dream ofstarting a foundation aimed at helping the poor and the needy. Together theystarted the Bill and Melinda Gates Foundation, and it has been endowed withmore than $35 billion. Some years ago, he visited Chicagos EinsteinElementary School and announced grants benefiting Chicagos schools andmuseums and donated a total of $110,000, a bunch of computers, and providedInternet connectivity to number of schools. Secondly, Bill Gates donated 38million dollars for the building of a computer institute at Stanford University.Gates plans to give away 95% of all his earnings when he is old and grey.