Bill Gates reveals the cash rule Microsoft learned after one customer stopped paying:"We had a dispute with our customer. They weren't paying us.""I'm gonna have enough money in the bank to pay everyone's salary for a year, even if nobody pays me anything.""So I was very conservative financially."The one-year payroll buffer was not fear. It was operating leverage: enough runway to outlast bad customers, slow payments, and bigger competitors with more capital.Cash buys judgment.@BillGates
0:44
Bill Gates reveals the cash rule Microsoft learned after one customer stopped paying:"We had a dispute with our customer. They weren't paying us.""I'm gonna have enough money in the bank to pay everyone's salary for a year, even if nobody pays me anything.""So I was very conservative financially."The one-year payroll buffer was not fear. It was operating leverage: enough runway to outlast bad customers, slow payments, and bigger competitors with more capital.Cash buys judgment.@BillGates
3.4K views1 day ago
x.comandrew engler
See more
Static thumbnail place holder