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Acquired

Microsoft Volume I

12735.548 - 12761.261 Steve Ballmer

Right. Yes. At IPO, so even with all this dilution, so you've got the Balmer dilution, the VC dilution, and the option pool dilution, Bill Gates still owned 49% of the company. Wow. I mean, that's pretty unprecedented. And he wasn't the only one with a big chunk. Paul Allen owned 28% of the company. Steve had 7.5% of the company.

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