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Why Bill Gates refused to fund his daughter’s startup

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Microsoft’s former CEO Bill Gates appears relieved that he didn’t have to invest in his daughter Phoebe Gates’ new shopping app, Phia, which launched this week.The AI-driven tool helps users find the best fashion deals online.

When Phoebe and her Stanford roommate, Sophia Kianni, shared their plans for entry into the ecommerce arena, Gates admitted in a New York Times interview, “I thought, ‘Oh boy, she’s going to come and ask’.”

Gates, who previously told Raj Shamani he’s giving his children “less than 1%” of his wealth to…

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