Melinda France Gate is probably one of the richest women in the world, estimated $30.8 billion Net worth, but you won’t receive her writing check for your daughter’s new startup.
“I have a daughter who just started business this year,” said Billionaire philanthropist and Bill Gates’ ex-wife. “She was capitalized, not because of my contact, not because of me. I’m not going to put money into it.”
Her reason? If it’s “real business,” she said, others need to support it. More importantly, if her daughter doesn’t get the money, her daughter should learn how to deal with the sting of rejection. “That’s what I told her,” French Door added. “She grew up from it.”
It’s a stance that echoes her and Bill Gates’ long-standing wealth. Microsoft co-founders previously revealed that their children will inherit theLess than 1%When he finally died, his wealth – assistants they acted in their own way in the world.
While the 60-year-old mother didn’t reveal the daughter she was referring to, their youngest Phoebe recently opened a fashion tech startup Phia with her Stanford roommate Sophia Kianni.
The platform compares clothing prices over 40,000 sites to help users find the best deals, and back in April, the 22-year-old “Nepo Baby“Revealed that her parents would not let her drop out of school like her father to start a startup.
The importance of failure of female founders
For the French gate, insisting on her daughter forging her own fundraising path, not just hard love or even self-sufficiency, is helping her develop perseverance and ability to be rejected in an inequality system.
After all, philanthropists say it’s a common thread between successful women who appear in her Youtube series, Let our moment.
“I see that going through difficult things change all of this, and they have to learn to find resilience somewhere,” she said. “In finding that resilience, they find themselves.”
Today, French Gates (French Gates) once had female founders who had to develop sharper elbows than male elbows if they wanted to survive the startup world.
“If you’re a woman, it’s hard to fund your business,” she said. “So you have to learn some ways to have the courage to play games and stick with it.”
Tennis legend Billie Jean King came on stage with her and agreed to the growth of setbacks.
“It’s like your daughter has figured out how to start the first business in terms of how to start the first time business – it’s amazing. “I don’t think it’s going to fail, she’ll get feedback from every situation.” ”
In fact, King said her jargon completely forbids the word failure and prevents those around her from using it. She specifically told wealth. “What feedback do I get from it by asking myself, turning it from the inside out?”
only 2.3% of global venture capital Going to the team founded by women last year, they are not wrong: a handful of female founders who eventually break through will turn into fuel.
