Originally posted by: Zebo
I'll order thier 10k just for you. last 10 years....very carefully mentioned...when you get profitable you don't need to borrow anymore.. what about the first 10 I guarntee you their growth was by borrowing, BTW- people are still able to buy stock in Dell right? All this of this of course is besides the point since consumers created lots of jobs at Dell. You're prolly one of those crappy customer service types who kisses your bosses ass not realizing who really brings in the dough. Oh well takes all types.
I bet you ask Dell he'll tell you who creates his worth and would fire anyone who got cocky and felt otherwise.
From what I have read Dell started his company by selling computer parts out of his dorm room and by doing computer work for people. He took that money, bought more parts, did more work, then took that money, bought more parts, did more work, etc...until he opened an actual store. His store was successful and funded by the money had had made off his original $1000 he used to buy parts to sell them out of his dorm room. He later realized a store was not the way to do business and began selling through mail order. He would use the money made from the mail order business to buy more parts, etc....after a while of operating like this the Dell you know today came into being. No venture capital borrowed, no bank loans taken out. It was all funded from that original $1000 he used to buy parts that he sold out of his dorm room.
Of course if you had actually read what I posted above. Especially this:
"How to Make a Lot of Money
Through the 19th century, most manufactured products were custom goods -- for example, a furniture maker's income was limited by how many hours a year he spent in the shop. Leveraging capital and production created the great fortunes of the 20th century. For example, the Mars family's wealth was derived from candy bars, the Rockefellers' from oil, the Carnegies' from railroads, the Phipps' from steel, the Gambles' (of Procter & Gamble) from soap, the Fords' from automobiles. From each unit sold, a tiny slice flowed back to the founding families. Multiplied by millions of units sold, vast fortunes accumulated.
Late-20th century examples include Bill Gates of Microsoft (MSFT:Nasdaq - news - commentary - research - analysis) and Michael Dell of Dell Computers (DELL:Nasdaq - news - commentary - research - analysis). Tiny slices of each PC sold eventually led to multibillion-dollar fortunes. "
You would realize he did it all on his own and was not the only business man to do so in recent memory.
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