Bill Gates closest ally dead:
Paul Allen, a co-founder of the Microsoft died recently. He is rated as the 46 richest person on the planet. Till time of death, his net worth exceeded 20 billion dollars and 100 million Microsoft shares. He was the friend and confidant of Bill Gates. He was two years younger to Bill Gates and passed away at 65.
Birth of Microsoft:
In 1975, Paul Allen teamed up with Bill Gates to market a new version of computer application. Thus was called as Microsoft by Paul Allen while marketing the Basic version.
1980 became the head turner for this little venture when IBM joined forces by placing order for Desk Operating system (DOS).
Since these guys were yet to come up with suitable version of DOS and instead by the quick response of Paul Allen, they were able to make their mark.
The contract resulted in boon for the company. However, the boom ended in 1978 when cancer took toll on him.
Later, Bill Gates tried to poach on his share of Microsoft and only to see the exit of his aide. Thus, 2000 sounded bugle on his association with Microsoft.
Paul Allen assets:
Paul Allen owns the Portland Trail blazers, NFL Seattle Seahawks and Sounders team. An avid sportsman, his interest was cut short by his disease.
As a notable philanthropic, he invested 2 billion dollars into healthcare and especially into Brain science institute. He was one of those rare entrepreneurs who pledged to donate a bulk of their fortune to charity. The money was definitely used for the betterment of the society at large.
The contribution of the philanthropic giant was observed in form of museum of pop culture as well as a computer science centre dedicated to his name.
A company by the name of starwave was launched that propelled ESPN to launch on internet. The deal had been revolutionary movement of its time in bringing the sports lover towards the beauty of internet.
Allen faced Stage 1A Hodgkin lymphoma in early 1982. After several rounds of radiation, the cancer was taken into control by team of qualified surgeons of Allen institute of brain science. He also successfully finished a bone marrow transplant.
Then in 2009, non Hodgkin lymphoma was detected only to return back in 2018 as more severe form. He never married and had no children. His closest family member, Jody Allen broke the news to media recently.
Jody Allen was his backbone in his venture capital firm: Vulcan which is instrumental in establishing notable indian and international markets. An aerospace engineering firm called as Stratolaunch which can set the satellites into orbit. Other interests were on expanding nuclear fusion potential.
Notable efforts of Paul Allen:
When Ebola virus took a toll on world and Paul Allen went on to donate a sum of 100 million dollars and similarly, a sum of 30 million were earmarked for Seattle and it’s homeless.
The effort to build world’s largest plane along with wired magazine. It’s founder praised Allen and his accomplishments. This made an indelible mark on the software industry and society, equally.
Vulcan capital was the saving grace for the Allen and the career. His focus remained to be able to help the entrepreneurs of internet.
To his credit, Paul Allen has 40 plus patents. Likewise he was the core financer of Saga, Sportstream and Fayve applications. His contribution to interval research corporation that acted as a business contributor. Thus, a total of 300 patents were sponsored by the Allen group.
In 1998, charter communications got on its board this great man. After facing a major loss in this business venture, Paul Allen went to reorganisation. This is important to note that the same channel got the second spot on merger with Time Warner cable.
A memoir in 2011 titled as “Idea Man: A memoir by the co-founder of Microsoft” was taken up by penguin books through an imprint service provider like Portfolio. The book describes the journey of a young programming enthusiast and a music lover. Fond of guitars and surfing, Paul Allen was a man who donned many hats.
It is he who visioned the birth and growth of Microsoft. He even recruited his buddy Bill Gates to join him in endeavours. Later, the same friend turned on him and asked him for a lion’s share of the above company. The reason for above demand was the failing health of the partner.
Paul Allen and his contribution to Microsoft is numerous. Although his contribution have rarely been recognised as valid for the growth and subsequent success of his original idea.
Do you believe that the Microsoft did right or wrong on the contributions of Paul Allen?
Is it possible to do business fairly? What if you get similar riches, will you move to philanthropy or capitalism?
Share your thoughts and views on the comment section below.
Fart salutes Paul Allen: The man who named and concieved Microsoft. Rest in peace, young man.