Microsoft co-founder to open investment office in Silicon Valley
Paul Allen to open tech-focused office in Palo Alto To look at early stage software, Internet, tech companies Latest move in Allen's 30-year tech investment career P aul Allen, the billionaire co-founder of Microsoft Corp , is opening an office in Silicon Valley to make new investments in emerging technology and internet companies. The Palo Alto office, set to open in the next few weeks, will operate under the name of Vulcan Capital, the investment arm of Allen's Seattle-based Vulcan Inc, which manages his personal fortune, valued at about $15 billion. Allen, 60, co-founded the world's largest software company with Bill Gates in 1975, but left in 1983 after a bout with cancer. The riches he amassed through his large stake in the company, plus successful investments in sports and real estate, have made him the world's 53rd richest person, according to Forbes magazine. A pioneer in the early development of PC software and Microsoft's technical leade...
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