FI512(A)_ COURSE PROJ ON BILL GATES FINAL DRAFT

FI512(A)_ COURSE PROJ ON BILL GATES FINAL DRAFT - FI512:...

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FI512: ENTREPRENEURIAL FINANCE JUNE 2010 Dennis Botchway
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ANALYSIS OF ENTREPRENEURIAL VENTURE DEVELOPMENT: BILL GATES - MICROSOFT Dennis Botchway FI512: Entrepreneurial Finance Instructor: Caryl H. Pedersen JUNE 2010
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Table of content Introduction --------------------------------------------- 4 Brief History ---------------------------------------------5 Venture Formation and Partnership ---------------- 6 Venture Funding ----------------------------------------7 Marketing Strategy ----------------------------------- 8 Exit Strategy ------------------------------------------ 9 Conclusion / Reflection ------------------------------ 10 Reference -------------------------------------------- 11
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ENTREPRENEURIAL PATH OF BILL GATES IN FORMING MICROSOFT CORPORATION Introduction Entrepreneurial ventures are often characterized by the imbalance between the resources needed to survive and to grow and those currently available. A lack of financial resources is often identified as an important contributing factor to company success or failure (e.g. Cooper et al . 1991, Bruno et al . 1992). This report reviews the entrepreneurial path of Bill Gates in forming Microsoft Corporation. Bill Gates can be viewed as adventurous individual who tried to tap into an already existing system to fulfill his “ventureship” dream. At a young age of 13, he became entranced with what a computer could do and even wrote tic-tac-toe program in BASIC computer language. Bill Gates did not follow the traditional entrepreneurial path in his first business with Paul Allen when they developed “Traf-o-Data” which netted them $20,000. This has been a usual trend of most entrepreneurs in the formation of their venture. Bill Gates said that he did not really have a business plan when he started out except that he decided to find the smartest people he knew and decided to invite them to partner with him (How to Use The Bill Gates Business Model, 2008). To him if you have the smartest and competent team and sharing the business profit appropriately, it takes care of the business plan. These revealing questions should help us analysis Bill Gates and the entrepreneurial path that he used to form Microsoft. We will start by asking, “How did Bill Gates start? Who assisted him to form Microsoft Corporation? Where did he get funds for his venture? How did he form his management team? What is his industrial dream? How did he price his product and service? Which companies did he partner with? How did he successfully penetrate the market? Does Bill Gates and Microsoft have an exit strategy?”
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Brief History Striking out on his own with his friend and business partner Paul Allen, Gates found himself at the right place at the right time. Through technological innovation, keen business strategy, and aggressive competitive tactics he built the world's largest software business, Microsoft. In the process he became one of the richest men in the world. At 13 year, Bill Gates was enrolled in Lakeside School in Seattle where he became entrance with what a computer could do and spent
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This note was uploaded on 09/30/2010 for the course MGT FI512 taught by Professor Carly during the Spring '10 term at DeVry Austin.

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FI512(A)_ COURSE PROJ ON BILL GATES FINAL DRAFT - FI512:...

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