Fast Company/3h ago
Melinda French Gates refused to invest in her daughter’s startup. Earlier this year, it faced cookie-stuffing allegations
Melinda French Gates refused to invest in her daughter’s startup. Earlier this year, it faced cookie-stuffing allegations. Earlier this year, Phoebe Gates and Sophia Kianni’s $185 million startup , Phia, faced allegations of “cookie stuffing,” following a Bloomberg investigation . However, there’s one person who wasn’t involved in the controversy: Gates’s mother, Melinda French Gates , who refused to invest in the business. Last year, French Gates told the audience at E.l.f. Beauty’s Power of Women’s Sports Summit that she wouldn’t fund her daughter’s entrepreneurial endeavor . “She got capitalized not because of my contacts, not because of me,” French.