Bill Gates’ Internet Tidal Wave

May 26, 1995

Realizing his company had missed the boat in estimating the impact and popularity of the Internet, Microsoft CEO Bill Gates issues a memo titled, “The Internet Tidal Wave,” which signaled the company’s focus on the global network. In the memo, Gates declared that the Internet was the “most important single development” since the IBM personal computer — a development that he was assigning “the highest level of importance.” Still, it is curious why it took someone who was regarded as a technology “innovator” so long to realize this.