What I loved about Paul Allen
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What I loved about Paul Allen
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Re: What I loved about Paul Allen
#2The only thing I ever think of when Gates speaks about Allen is how they tried to reduce his equity when he got sick. It's something that has stuck with me for 20+ years.
Re: What I loved about Paul Allen
#3The only thing I ever think of when Gates speaks about Allen is how they tried to reduce his equity when he got sick. It's something that has stuck with me for 20+ years.
Me too. My understanding is the minute Allen overheard that, he walked out of the Microsoft office and never went back. Hence why whenever you heard about him, it was from his yacht. I bet Gates and Ballmer have remembered that every day for 40 years.
Re: What I loved about Paul Allen
#4The only thing I ever think of when Gates speaks about Allen is how they tried to reduce his equity when he got sick. It's something that has stuck with me for 20+ years.
Is there a detailed account of this somewhere? I'd like to read more about it.
Re: What I loved about Paul Allen
#5The only thing I ever think of when Gates speaks about Allen is how they tried to reduce his equity when he got sick. It's something that has stuck with me for 20+ years.
True, but not fair, to Gates OR to Allen. "After a few years all that passes. Bill and I have always been friends, even through the ups and downs" https://www.theguardian.com/technology/2011/may/02/paul-alle...
Re: What I loved about Paul Allen
#6The only thing I ever think of when Gates speaks about Allen is how they tried to reduce his equity when he got sick. It's something that has stuck with me for 20+ years.
In case anyone wants to read more, it was my first time hearing about this too, I found a good resource here:
https://www.forbes.com/sites/frederickallen/2011/03/30/bill-...
Re: What I loved about Paul Allen
#7The only thing I ever think of when Gates speaks about Allen is how they tried to reduce his equity when he got sick. It's something that has stuck with me for 20+ years.
Is there a detailed account of this somewhere? I'd like to read more about it.
There are stories, articles and biographies about it all from over the years but here is one mention of it:
"In December 1982, when Allen was sick with cancer, he overheard Gates and Ballmer discussing his lack of contributions and how to dilute his equity by offering stock options to other employees and shareholders. Allen confronted them and quit a little bit later. " [1]
[1] https://www.businessinsider.com/what-paul-allen-really-think...
Re: What I loved about Paul Allen
#8The only thing I ever think of when Gates speaks about Allen is how they tried to reduce his equity when he got sick. It's something that has stuck with me for 20+ years.
I don’t know the exact specifics, but the notion of co-founder vesting schedules exist today. This provides a simpler pre-agreed upon way to handle that kind of situation. If I recall correctly Micro-Soft wasn’t even a properly incorporated entity for the DOS deal making things like a founder needing to stop having an execution role for health reasons hard to deal with.
Re: What I loved about Paul Allen
#9The only thing I ever think of when Gates speaks about Allen is how they tried to reduce his equity when he got sick. It's something that has stuck with me for 20+ years.
Is there a detailed account of this somewhere? I'd like to read more about it.
Re: What I loved about Paul Allen
#10The only thing I ever think of when Gates speaks about Allen is how they tried to reduce his equity when he got sick. It's something that has stuck with me for 20+ years.
True, but not fair, to Gates OR to Allen. "After a few years all that passes. Bill and I have always been friends, even through the ups and downs" https://www.theguardian.com/technology/2011/may/02/paul-alle...
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