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Melinda French Gates chose not to fund daughter Phoebe's fashion-tech startup

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Melinda French Gates deliberately declined to financially back her daughter Phoebe's startup venture. She wanted Phoebe to go through the fundraising process on her own and develop resilience in the face of challenges. This decision aligns with the broader philosophy that both she and Bill Gates hold regarding inheritance and self-reliance for their children. Phoebe Gates founded a fashion-tech venture called Phia, a shopping app. Melinda believes that experiencing rejection is essential for building courage, particularly among female entrepreneurs.

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