Bill Gates has stated that his children will inherit less than 1% of his wealth, promoting self-sufficiency and independence. Melinda French Gates will not financially support her daughter's startup, advocating for her to seek backing from others instead. She believes that experiencing rejection is an important lesson for her daughter. Their youngest daughter, Phoebe, has launched a fashion-tech startup while still pursuing her education at Stanford, indicating the emphasis on balancing education and entrepreneurial ambitions.
"I have a daughter who just started a business this year. She got capitalized, not because of my contacts, not because of me. I wouldn't put money into it."
"If this is a 'real business', then others need to be willing to back it. And more importantly, her daughter should learn how to navigate the sting of rejection if it doesn't get that funding."
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