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Acquired

Microsoft Volume I

12795.027 - 12818.351 Steve Ballmer

Yeah, absolutely. I'm trying to figure out why they were able to be so capital efficient. Is it just that software was such an unbelievably good business model compared to everything else that existed? Like they didn't need a lot of working capital, everything was high margin, they could grow really fast, or it was just an era... before much competition.

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