Homncruse sends in news of Bill Gates's new adventure, adding "I was working just one or two floors under this new office when it was all coming together. I even unknowingly shared an elevator with him at one time on his way up to the office." The article notes that the name "bgC3" derives from Bill Gates, catalyst, and the "third thing," neither Microsoft or the Bill & Melinda Gates Foundation. "Just months after his Microsoft farewell, Bill Gates is quietly creating a new company — complete with high-tech office space, a cryptic name and even its own trademark. Public documents describe the new Gates entity — bgC3 LLC — as a 'think tank.' It's housed within a Kirkland office that the Microsoft co-founder established on his own after leaving his day-to-day executive role at the company this summer ... However, bgC3 will also oversee Gates' personal pursuit of breakthrough ideas in science and technology. [An] insider said the goal isn't necessarily to create new companies, although ideas could be passed along to Microsoft, the Bill & Melinda Gates Foundation — or others — as it makes sense ..."