Bill Gates is well known for his small startup that became one of the most successful tech companies in the world — Microsoft.
He is also known for being the richest person on the Earth because of it – with an estimated net worth of $87.4 billion. And you may even know him from some of his charity work and donations he has done over the years through the Bill & Melinda Gates Foundation.
Mr. Gates’ influence in the world ranges from business in San Francisco, to clean water in Africa to politics in Washington D.C. Whether you realize it or not, Bill Gates has made an impact on your life in some shape or form. He will forever be known in the history books as one of the pioneers of the startup world. Something we now see happen every day.
Over the last 20 years, Gates has been able to collect a wealth of knowledge and experience. With that, he has providing a list of advice for business professionals to use.
Here are 20 Bill Gates quotes that will change the way change your perspective of business and life.
On the role of money
“I’m certainly well taken care of in terms of food and clothes. Money has no utility to me beyond a certain point. Its utility is entirely in building an organization and getting the resources out to the poorest in the world.”
“You have to have a certain realism that government is a pretty blunt instrument and without the constant attention of highly qualified people with the right metrics, it will fall into not doing things very well.”
On development vs. venture capital
“You know, development sometimes is viewed as a project in which you give people things and nothing much happens , which is perfectly valid, but if you just focus on that, then you’d also have to say that venture capital is pretty stupid, too. Its hit rate is pathetic. But occasionally, you get successes, you fund a Google or something, and suddenly venture capital is vaunted as the most amazing field of all time. Our hit rate in development is better than theirs, but we should strive to make it better.”