In 1981, TIME Magazine Wrote

"Microsoft. Best known for its version of the program-writing language, BASIC which has sold more than 500,000 copies so far, Microsoft (projected 1981 sales: $14 million) was founded in 1975 by William Gates, then an 18-year-old Harvard student. Gates now oversees a staff of 96 at the firm's headquarters in Bellevue, Wash. Growth has come so fast that Gates has not yet found time to finish his degree at Harvard." More here (if you subscribe to TIME online)."