Microsoft Corporation was founded in Albuquerque when Bill Gates and Paul Allen came to the high desert of New Mexico to view the new computer called The Altair that would change the world. This computer had no operating system and Gates and Allen and a bunch of geeks wrote the code that became Doss and later morphed into Windows. Gates’ father urged him to protect the IP(Intellectual property) around Doss and to hire lawyers to do so. After the bill for $55,000 was submitted and could not be paid, the money to pay the legal bill was provided by Gates’ father who required that they leave New Mexico and return to Seattle area and grow their company there. Because NM sources could not provide the seed capital needed by Microsoft, we lost all the millionaires and spin off companies to Seattle.
The Gathering of Angels was founded in October 1996 as an economic development effort to stop this drain of talent from leaving the state and find capital for young companies like Microsoft that more often will relocate to where they get their seed capital.
The Gathering of Angels today has found seed and early stage capital for over 386+ young companies from 20k to 39MM and continues its monthly meetings in Atlanta, Hilton Head and Palm Beach.