In 1980, Bill Gates made a decision that would define the future of Microsoft: he gave 8.75% of the company to his friend Steve Ballmer to convince him to join the team. Ballmer, who later served as CEO for 14 years, accumulated shares that today make him the richest shareholder of the tech giant, surpassing Gates. This business move demonstrates how betting on key people can generate fortunes that transform the global economy.
The value of a strategic bet in technological development đź’ˇ
Ballmer was not a software engineer, but a salesman with a business instinct. Gates understood that Microsoft's growth needed someone who would push teams and negotiate aggressive contracts. During his tenure, the company grew from 30 employees to 90,000, and its revenue increased from $7 million to $60 billion. The technical lesson here is that managerial talent, even if it doesn't code lines, can multiply a company's value more than any algorithm.
Gates' masterstroke: giving away shares so another becomes richer 🏀
Imagine giving your friend a piece of your company, and 40 years later, he ends up with more money than you. Gates not only lost the title of the richest man in the world to Ballmer, but his friend also used part of that fortune to buy the Los Angeles Clippers basketball team. While Gates distributes millions in vaccines, Ballmer enjoys watching baskets. The moral is clear: sometimes, the most profitable business is giving shares to the right friend.