Melinda French Gates Refuses to Fund Daughter's Shopping Startup to Encourage Real-World Validation

Reported 1 day ago

Melinda French Gates announced she will not finance her daughter Phoebe's new shopping app, Phia, despite her billionaire status. By withholding financial support, Gates aims to encourage her daughter to seek genuine validation from investors and customers, highlighting the importance of testing business ideas in the real world. Phia has already secured $850,000 from various investors, showcasing that real traction is crucial for startup success.

Source: YAHOO

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