Bill Gates's Mysterious New Company
Remember Bill Gates? You may recognize him from such corporate entities as "Microsoft" and "all the companies Microsoft owns", but now he's onto something new. According to public documents, Gates's next big thing is called "bgC3 LLC" (doesn't quite roll off the tongue), and it's been described as some sort of think tank. It's not a startup, but rather a vehicle with which to manage and coordinate Gates's business and philanthropic efforts.
The company was established in March 2008, and formally changed its name to bgC3 in early July, just 10 days after Gates left his gig job at Microsoft (he remains Microsoft's chairman and continues to work part-time on projects).
According to Techflash's "industry insider," the "bg" stands for Bill Gates, while the "C" stands for "catalyst." The idea being that he'll play that role of the catalyst in bringing together new people and ideas. The "three" refers to the notion of a "third place", separate from Microsoft and the Bill and Melinda Gates Foundation.
It's also hard to say ten times fast, but perhaps that's beside the point. [From: Techflash]
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