"When a billionaire's daughter says you're 'out of budget' Girl, pls. The conversation allegedly showed Gates declining the content creator's user-generated-content rate of $4,000, saying it was 'just super out of budget for us right now.'"
"'The fact she's not wasting investor capital and actually hustling for UGC [user-generated content] herself is actually a good thing. Not sure what your post is trying to prove,' said Nikita Bier, head of product at X."
"'You don't get wealthy by going over budget just because you have it to spend,' another commenter added, questioning the judgment of Gates's business decisions based on her father's wealth."
Phoebe Gates, daughter of Bill Gates, faced criticism for budget management after declining a $4,000 offer for user-generated content, offering only $400 instead. Despite her billionaire lineage, many defended her decision, emphasizing the importance of not wasting investor capital. Gates and her cofounder recently raised $35 million for their AI startup, Phia, which is valued at $180 million. Commenters argued that her business decisions should not be judged based on her father's wealth, highlighting the need for responsible financial management in startups.
Read at Fast Company
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