GoKawiilMelinda French Gates declined to invest in daughter Phoebe Gates' startup Phia
Phia, the shopping startup co-founded by Phoebe Gates and Sophia Kianni and valued at $185 million, faced allegations earlier this year of 'cookie stuffing' following a Bloomberg investigation. Melinda French Gates, Phoebe's mother, did not invest in the company and was not involved in the controversy.
GoKawiil's interpretation of the reporting above, not reported fact.
The decision by a prominent investor and parent to stay out of her own daughter's venture is being re-examined now that the startup faces scrutiny, which some observers may read as a notable vote of caution. This highlights the tension that can arise when family ties intersect with investment decisions, especially amid allegations of improper business practices.
- Phia faced 'cookie stuffing' allegations following a Bloomberg investigation earlier this year.
- Melinda French Gates chose not to invest in her daughter Phoebe Gates' startup.
- The startup, co-founded with Sophia Kianni, was valued at $185 million.
Source: fastcompany.com, 2026-10-01
Published there as: “Melinda French Gates refused to invest in her daughter’s startup. Earlier this year, it faced cookie-stuffing allegations”
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