I am an ex-IBMer and trust me, IBM never calls anyone. They have a mind of their own. It's a dinosaur dancing in these new arenas
John Opel who became CEO of IBM in 1981 at the time was also on the same board.
The introduction according to the few sources I've read took place in 1982 or 1983 which was well after Microsoft has been founded and actually after Microsoft signed the first contract with IBM.
Eg. You need the stablility from the 2nd generation to get to the 3rd ( getting investment loans, contacts, ...) and the opportunity to "hit for the stars" multiple times.
Introduction to IBM is summarized under: contacts.
Wealthy =/= rich, it doesn't exclude rich people also. He could start a software business without a lot of parents money. Elon earned 22 million with Zip2 and they started it with angel investors. It's claimed that his father also provided $28,000 for starting it. ( that's peanuts)
I said: You need the stablility from the 2nd generation to get to the 3rd ( getting investment loans, contacts, ...) and the opportunity to "hit for the stars" multiple times.
Getting money from angel investors is summarized under: "getting investment loans".
You probably didn't read what i was saying: From poor to wealthy to rich. Elon did this. I never claimed that he went from poor to rich.
I think my ability to think is better than your ability to read.
In the grand scheme of things, sure, it's not much, but consider the time and place where he was that his father could just give him that much money.
I'm in no way rich, but have no money troubles. I also saved a lot, worked a lot and lived with my parents pretty long
1) $28000 cash
2) Food & lodging for him and his brother in Palo Alto
3) two debt-free Stanford educations (him & his brother), including PhD (which he walked out on)
How much does that come to ?
How expensive would renting an appartment be in that time, 750$ / month? Did he rent one? Because he doesn't have a house there and stays with friends a lot of the time https://www.quora.com/Is-it-true-that-Elon-Musk-does-not-hav...
He and a fellow student rented a vacant frat house and transformed it into a nightclub. Quite a daring and bold move for a low-income college student. ( https://sites.psu.edu/danielpassion/2017/03/24/entrepreneur-... )
Don't overreact. I never said he came from poor. Why do people keep misreading that?
Now, granted, I'm not sure about that. I did not come from rich parents, and if I had walked out on any of my university years there was no way in hell I would see another dollar from parents for a long time.
I guess: genetics + parenting > rich people background
Also, i think there is one generation in between poor and rich.
This is as fast as it goes:
1st generation: Poor
2nd generation: wealthy (mostly through entrepeneurial or hard work) where they explore investments. Mostly started a SMB or choose a profession with a lucrative income.
3rd generation: extremely rich: good investment decisions or a 0,01% company ( worth 100 million's).
Getting from 1 to 3 in one step is almost impossible. You need the stablility from the 2nd generation to get to the 3rd ( getting investment loans, contacts, ...) and the opportunity to "hit for the stars" multiple times.