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Paul McNamara

Gates launches a new firm

By Paul McNamara on Thu, 10/23/08 - 1:35pm.
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Bill Gates has a new company ... before some people have had a chance to realize he's no longer running Microsoft.

According to this story by Todd Bishop, a former Seattle P-I reporter who just started a site called TechFlash that will concentrate on Seattle technology news, Gates isn't getting back into software.

Public documents describe the new Gates entity -- bgC3 LLC -- as a "think tank." It's housed within a Kirkland office that the Microsoft co-founder established on his own after leaving his day-to-day executive role at the company this summer.

Is this Bill Gates' next big business? A Gates insider gives an emphatic no -- saying it's not a commercial venture but rather a vehicle to coordinate the software mogul's work on his business and philanthropic endeavors.

He never has seemed like the sort to take his fortune and go fishing.

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