Bill Gates a few weeks they developed an Altair emulator that ran on a minicomputer, and then the BASIC interpreter. The demonstration, held at MITS's offices in Albuquerque, was a success and resulted in a deal with MITS to distribute the interpreter as Altair BASIC. Paul Allen was hired into MITS, and Gates took a leave of absence from Harvard to work with Allen at MITS in Albuquerque in November 1975. They named their partnership "Micro-Soft" and had their first office located in Albuquerque. Within a year, the hyphen was dropped, and on November 26, 1976, the trade name "Microsoft" was registered
Thomas Sovereign Gates for ten years as a Trustee of the University and as Chairman of the University of Pennsylvania Fund. Gates was heavily involved in plans for the development of the new Valley Forge campus for the University; however, the idea was eventually dropped in favor of expanding Penn's West Philadelphia campus, not before currying strong support. He worked to fund and create a number of other facilities throughout the university. Gates also worked on major fundraising efforts with a campaign known as the Bicentennial Fund, after the University's 1940 bicentennial, which aimed to raise $12.5 million. Gates seemed to have partially