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Phoebe Gates

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Melinda 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.