"The 23-year-old youngest daughter of billionaire Microsoft founder Bill Gates and philanthropist Melinda French Gates recently raised $35 million for Phia, which is now valued at around $185 million. But she's determined for the venture to stand on its own, with "no ties to my privilege or my last name," Phoebe Gates told Yahoo Finance's Opening Bid Unfiltered podcast in an episode published Thursday."
"Phoebe Gates' comments come during the resurfacing of her father's connections to Jeffrey Epstein, although representatives for Bill Gates have repeatedly denied his involvement and any related accusations. Phoebe Gates didn't comment about the allegations, but French Gates recently said her ex-husband " has to answer" for Epstein files mentions just weeks after it was revealed she had received $8 billion toward her philanthropic organization, Pivotal, as part of her divorce settlement."
Phoebe Gates cofounded Phia, an AI shopping assistant, and recently raised $35 million, valuing the company around $185 million. She insists the venture must stand on its own with no ties to her privilege or last name and says she has a chip on her shoulder to win over private equity based on merit rather than inheritance. She acknowledged learning from her father that a strong team is central to building a business. Phia plugs into browsers to compare prices and surface deals across retail and resale sites in real time.
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