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MITS president Ed Roberts agreed to meet them for a demo, and over the course of 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.
In 1975, Gates and Allen launched Microsoft, which became the world's largest PC software company.
During his career at Microsoft, Gates held the positions of chairman, CEO and chief software architect, while also being the largest individual shareholder until May 2014.
The arrangement with CCC continued until 1970, when the company went out of business. hired the four Lakeside students to write a payroll program in COBOL, providing them computer time and royalties.
After his administrators became aware of his programming abilities, Gates wrote the school's computer program to schedule students in classes.
When he reflected back on that moment, he said, "There was just something neat about the machine." After the Mothers Club donation was exhausted, he and other students sought time on systems including DEC PDP minicomputers.
He donated large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, which was established in 2000.
Since 1987, Gates has been included in the Forbes list of the world's wealthiest people, an index of the wealthiest documented individuals, excluding and ranking against those with wealth that is not able to be completely ascertained.
Gates oversaw the business details, but continued to write code as well.
In the first five years, Gates personally reviewed every line of code the company shipped, and often rewrote parts of it as he saw fit.
Gates is one of the best-known entrepreneurs of the personal computer revolution.