Bill Gates remained in contact with Paul Allen, and he joined him at Honeywell during the summer of 1974. The MITS Altair 8800 was released the following year. The new computer was based on the Intel 8080 CPU, and Gates and Allen saw this as the opportunity to start their own computer software company. Gates dropped out of Harvard at this time. He had talked over this decision with his parents, who were supportive of him after seeing how much their son wanted to start his own company. Gates explained his decision to leave Harvard, saying "...if things [Microsoft] hadn't worked out,
University of Waterloo Conrad School of Entrepreneurship and Business to Waterloo in October 2005, Microsoft co-founder Bill Gates stated, "Most years, we hire more students out of Waterloo than any university in the world, typically 50 or even more". University of Waterloo Conrad School of Entrepreneurship and Business Conrad School of Entrepreneurship and Business (The Conrad School) is part of the Faculty of Engineering at the University of Waterloo. Located in the city of Waterloo, Ontario, Canada, the Centre was developed to support and expand Waterloo's culture of entrepreneurship through four key initiatives: The Master of Business, Entrepreneurship and Technology (MBET) program; professional development programs; research; and undergraduate-level activities.