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by tanzam75 4465 days ago
The only VC with an investment in Microsoft was David Marquardt's Technology Venture Investors. At the IPO, TVI owned 6.1% of Microsoft.

The remaining 93.9% belonged to the founders, the Board, the employees, and friends and family. Everyone listed on the S-1, with one exception, took a bit off the top but held on to most of their shares.

The one exception was Bill Gates's sister's trust fund, which owned 20,000 shares -- 0.1% of the company. She could've been a hundred-millionaire if she'd held on to it, but her trustee sold it for $400,000 and moved on.