The History of Microsoft - 1975

Chamath Palihapitiya just laid out the most important valuation question nobody on Wall Street wants to answer.For 20 years, the Mag 7 won because they had the greatest business model ever invented, asset- ight software.You write the code once, you sell it to a billion people, the marginal cost of the next customer is basically zero.There is essentially no factories, no raw materials, no union workers, no physical infrastructure, just pure leverage, scale the revenue, barely scale the costs.That

A 28 year old paid $18,000 to fake 4 MILLION customers and sold the lie to JPMorgan for $175 MILLION.> Charlie Javice founded Frank in 2017, a platform that helped college students apply for financial aid.> By 2019 she was on Forbes 30 Under 30 and being courted by major banks.> In 2021 JPMorgan offered to acquire Frank for $175 MILLION but wanted proof Frank actually had 4 million customers before signing.> Javice pushed back, citing privacy concerns over student data.> Then she paid a data sci

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