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7 billion dollar lessons from the career of Paul Allen




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Paul Allen died this week as co-founder of Microsoft and the person who convinced Gates to develop a new business in the PC industry with him more than that There are many lessons that we can learn from his illustrious career and partnership with Bill Gates. There are seven.

Gain skills to enter an emerging trend

This is one of the most important lessons from the golden age of billion dollar entrepreneurship: the ability to develop an emerging trend was perhaps the most important lesson we can all learn: Allen and Gates were working on the emerging technology of PCs Together in Seattle they learned what was going on in this area, and to be a leader in the dull world of an emerging industry. Others who have the technology dominated in an emerging trend, were the founders of Intel, App le, Genentech, Google, Amazon, Facebook and so on.

Jump to the Rising Trend at the Right Time

When the PC industry emerged and Altair unveiled its first PC kit, Allen Gates convinced it was time to get into the industry by he wrote a program for the Altair. He wanted to be a pioneer in this emerging industry and convinced his friend Gates to join him

Bootstrap to Start

At the beginning, Allen worked full-time and wrote software. Gates and Allen ran the business on a part-time basis until they got plenty of momentum to enter the business full-time. They were not looking for an angel or venture capital. Gates stayed in Harvard and worked on the projects. They were bootstrapping. You have kept control. You avoided the dilution. When they realized that Altair needed help, they wrote the software and sold it to Altair. From bootstrapping to taking off and avoiding early dilution, they are among the richest entrepreneurs in the universe.

Mimic (or Acquire) and Improve

When IBM decided to enter the PC industry, Gates found out they needed to operate the system. Allen and Gates bought one, upgraded it, licensed it to IBM, and became the center of the modern computer world. In the cliché-driven world of today everyone is fixated on "innovation" or the "first mover". Gates and Allen did not try to be the first to succeed. Instead, Microsoft has become dominant, using financial-mathematical business strategies such as mimicking, acquiring, and bundling software such as spreadsheets and word processing, not "innovation."

Form an alliance to dominance

Allen and Gates formed an alliance to win. The alliance they formed was with IBM, which at the time was the king of the computer world. They rode to success by forming an alliance with IBM seeking an operating system. Her genius was licensing the operating system to IBM on a non-exclusive basis. In this way, they could make their operating system the center of the PC universe. They got IBM's power without the luggage.

Re-Vision and Pivot

Most entrepreneurs do not get the magic formula on the first try. They enter, see the situation of the country and change their strategy. That's what Allen and Gates did when they saw their unique opportunity to focus on the operating system and make it the PC standard with IBM's punch.

Know Yourself and Get the Right Partner When You Need One

Allen knew he liked developing new technologies and that he may not have the killer instinct to succeed in an emerging industry. He knew his limits. But he was also aware that his friend, Bill Gates, had the drive and the will to win. So he followed Bill to high school in Boston when Bill went to Harvard. And they started working together to develop software. Finding the right partner was the key to his glorious success.

MY TAKE: There are patterns in the way billion dollar entrepreneurs have been successful. You just have to follow them to find your own path to success. I will write more about these billions of entrepreneurs and their patterns of success in my blogs. And you can also find more in Nothing Ventured, Everything Gained my last book.

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Paul Allen died this week as co-founder of Microsoft and the person who after persuading Gates to found a new company in the PC industry, has done more than most to Build Today's Age of Personal Computer

Gain Skills to Enter an Emerging Trend

This is one of the most important lessons of the golden age of billion dollar entrepreneurship: the ability to create an emerging trend Allen and Gates worked on the emerging technology of personal computers during high school in Seattle, giving them the knowledge they needed to understand what was going on in this area and around Others in wh o technology in an emerging trend have mastered the founders of Intel, Apple, G enentech, Google, Amazon, Facebook, and so on

Jump to the on-trend trend at the right time

When the PC industry emerged and Altair introduced the first PC kit, Allen convinced Gates that it was time was to penetrate the industry by writing a program for the Altair. He wanted to be a pioneer in this emerging industry and convinced his friend Gates to join him

Bootstrap to Start

At the beginning, Allen worked full-time and wrote software. Gates and Allen ran the business on a part-time basis until they got plenty of momentum to enter the business full-time. They were not looking for an angel or venture capital. Gates stayed in Harvard and worked on the projects. They were bootstrapping. You have kept control. You avoided the dilution. When they realized that Altair needed help, they wrote the software and sold it to Altair. From bootstrapping to taking off and avoiding early dilution, they are among the richest entrepreneurs in the universe.

Mimic (or Acquire) and Improve

When IBM decided to enter the PC industry, Gates found out they needed to operate the system. Allen and Gates bought one, upgraded it, licensed it to IBM, and became the center of the modern computer world. In the cliché-driven world of today everyone is fixated on "innovation" or the "first mover". Gates and Allen did not try to be the first to succeed. Instead, Microsoft has become dominant, using financial-mathematical business strategies such as mimicking, acquiring, and bundling software like spreadsheets and word processing, not "innovation."

Form an alliance to dominance

Allen and Gates formed an alliance to win. The alliance they formed was with IBM, which at the time was the king of the computer world. They rode to success by forming an alliance with IBM seeking an operating system. Her genius was licensing the operating system to IBM on a non-exclusive basis. In this way, they could make their operating system the center of the PC universe. They got IBM's power without the luggage.

Re-Vision and Pivot

Most entrepreneurs do not get the magic formula on the first try. They enter, see the situation of the country and change their strategy. That's what Allen and Gates did when they saw their unique opportunity to focus on the operating system and make it the PC standard with IBM's punch.

Know Yourself and Get the Right Partner When You Need One

Allen knew he liked developing new technologies and that he may not have the killer instinct to succeed in an emerging industry. He knew his limits. But he was also aware that his friend, Bill Gates, had the drive and the will to win. So he followed Bill to high school in Boston when Bill went to Harvard. And they started working together to develop software. Finding the right partner was the key to his glorious success.

MY TAKE: There are patterns in the way billion dollar entrepreneurs have been successful. You just have to follow them to find your own path to success. I will write more about these billions of entrepreneurs and their patterns of success in my blogs. And you'll find more in Nothing Ventured, Everything Gained my last book.


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