Bill Gates may be one of the most successful tech entrepreneurs of all time, but that doesn’t mean he hasn’t made some career errors.
According to the Microsoft founder, who spoke at an event hosted by Village Global, there is one mistake that he still regrets – and it was allowing Google the opportunity to launch Android.
Google acquired Android in 2005 for at least $50m (£39m). According to Forbes, Gates is the second-richest person in the world, with a net worth of $102.9bn (£81bn).
Discussing how “the software world, in particular
for platforms, are winner-take-all markets”, Gates said: “The greatest mistake
ever is the… whatever mismanagement I engaged in that caused Microsoft not to
be what Android is.
“That is, Android is the standard phone platform – non-Apple form – phone platform. That was a natural thing for Microsoft to win.”
Gates then elaborated, adding: “It really is winner take all. There’s room for exactly one non-Apple operating system, and what’s that worth? $400bn that would be transferred from company G to company M.”