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Paul Gardner Allen, born on January 21, 1953, is a prominent American figure known for his contributions as an inventor, investor, and philanthropist. Alongside Bill Gates, he co-founded the globally renowned Microsoft Corporation, solidifying his position as a key player in the tech industry. As of March 2013, Allen was ranked as the 53rd-richest individual globally, boasting an estimated wealth of $15 billion. His entrepreneurial endeavors extend beyond Microsoft, as he is the founder and chairman of Vulcan Inc., a company overseeing his diverse business and philanthropic ventures.
Allen's investment portfolio is extensive, encompassing various technology companies, real estate holdings, and stakes in media and content enterprises.
Notably, he also holds ownership of two professional sports teams: the Seattle Seahawks in the NFL and the Portland Trail Blazers in the NBA.
Additionally, he is a part-owner of the Seattle Sounders FC, a Major League Soccer team established in 2009. Allen's memoir, "Idea Man: A Memoir by the Cofounder of Microsoft," was published on April 19, 2011, with a paperback version featuring a new epilogue released on October 30, 2012.
Early Life and Career
Paul Allen's upbringing in Seattle, Washington, shaped his future trajectory.
Born to Kenneth Samuel Allen, an associate director at the University of Washington libraries, and Edna Faye Allen, he attended Lakeside School where he forged a lasting friendship with Bill Gates.
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Their shared passion for computers led them to hone their programming skills on Lakeside's Teletype terminal, laying the foundation for their future collaborations.
Despite initially enrolling at Washington State University, Allen opted to leave after two years to work as a programmer at Honeywell in Boston, a decision that brought him closer to Gates.
It was Allen who persuaded Gates to abandon his studies at Harvard University to embark on the Microsoft journey.
Together, they founded Microsoft in 1975 in Albuquerque, New Mexico, introducing a BASIC programming language interpreter to the market. Allen's creativity shone through in the company's original name, "Micro-Soft," a detail recounted in a 1995 Fortune magazine article.
Microsoft's pivotal moment came in 1980 when Allen orchestrated a deal for the acquisition of a Disk Operating System (DOS) from Tim Paterson, enabling the company to fulfill IBM's requirements for their PC line. This landmark agreement marked a turning point in Microsoft's history, catapulting Allen and Gates to unprecedented wealth and success.
Departure from Microsoft
In 1983, Allen made the difficult decision to step away from Microsoft, citing health reasons after being diagnosed with Hodgkin's disease. Despite his departure, the company continued to thrive, propelling Allen to billionaire status by the age of 30. Eager to explore new horizons, he delved into various projects in search of the next groundbreaking idea.
Establishing Vulcan Ventures in 1986, Allen delved into research and investments, setting up Interval Research in 1992 to foster innovation in Silicon Valley. Through these ventures, he pursued his vision of a connected world where universal online access was a reality. While officially resigning from the Microsoft Board of Directors in 2000, Allen remained a strategic advisor to the company's executives, showcasing his enduring influence in the tech realm. Despite selling a significant portion of his Microsoft shares, Allen retains a substantial stake in the company, underscoring his enduring legacy.
The Legacy of Paul Allen: Innovator, Investor, Philanthropist. (2016, Nov 25). Retrieved from https://studymoose.com/paul-gardner-allen-essay
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