*By Carlo Versano* Paul Allen, who co-founded Microsoft with Bill Gates and went on to become one of the country's most prolific philanthropists and technologists, died Monday at 65. His company Vulcan released a [statement](http://www.vulcan.com/News/Articles/2018/Statement-on-Paul-G-Allen) saying the cause was non-Hodgkin's lymphoma, which Allen had battled on and off for years. Allen and Gates famously started Microsoft ($MSFT) in 1975 after dropping out of college and partnering to write computer code for early PCs. The break that would elevate their tiny company ー whose name was a *portmanteau* of "microcomputer software" that Allen came up with ー and make both men fabulously wealthy came when IBM ($IBM) chose it as the software supplier for that company's first personal computer. Allen left Microsoft in the early 80s but remained on the board until 2000. Current CEO Satya Nadella said in a statement: "As co-founder of Microsoft, in his own quiet and persistent way, he created magical products, experiences and institutions, and in doing so, he changed the world." As Allen became one of the world's richest people ー Forbes [estimates](https://www.forbes.com/profile/paul-allen/#7bd56f414417) his estate to be worth at least $20 billion ー he became known for his charitable largesse, nowhere more so than in Seattle, where he lived. He also bought sports teams ー he was owner of the NFL's Seahawks and the NBA's Portland Trail Blazers ー turning them into billion-dollar franchises, opened cultural institutions, donated to local STEM non-profits, and re-developed a Seattle neighborhood that is now home to a booming science and tech industry, including the headquarters of Amazon ($AMZN). He was regularly [listed](https://www.forbes.com/sites/jenniferwang/2018/10/15/the-greatest-givers-meet-americas-top-philanthropists/#42fc98bd1af1) among America's most generous givers. Allen is survived by his sister Jody, who [said](http://www.vulcan.com/News/Articles/2018/Statement-on-Paul-G-Allen): " While most knew Paul Allen as a technologist and philanthropist, for us he was a much loved brother and uncle, and an exceptional friend."

Share:
More In Technology
Walmart Making Push to Establish Presence in Metaverse
Melissa Gonzalez, CEO and Founder of The Lionesque Group, joins Cheddar News' Closing Bell, where she explains why she feels mixed about the Walmart's new initiative and what will make mass adoption of this offering difficult.
Peloton Stock Jumps After CEO John Foley Disputes Reports in Open Letter to Company Employees
Exercise equipment maker Peloton is attempting to run away from a recent bout of controversy. CEO John Foley published an open letter to employees on Thursday after reports that said Peloton was pausing production of its Bike and Tread products, delaying the opening of a new U.S. factory, and considering job cuts. In the letter, Foley wrote that the information in the reports was 'incomplete,' 'out of context,' and not reflective of Peloton's strategy. Peloton's stock responded on Friday, with shares bouncing back after falling nearly 24% in the regular session on Thursday. CFRA Research's Director of Research Ken Leon joined Cheddar News' Closing Bell to discuss.
Outlines Raises $1 Million in Pre-Seed Funding & Unveils Flagship Product, The Shower Liner System
Home essentials maker Outlines announced its launch at the beginning of 2022, along with $1 million in pre-seed funding led by Social Impact Capital. Outlines says it is re-imagining how we keep our homes clean while also reducing plastic waste. The company's debut product, the Shower Liner System, is made of long-lasting materials, including easy-to-recycle plastic. Outlines co-founder and CEO Luke Young and co-founder and COO Megan Ceryanec joined Cheddar News' Closing Bell to discuss.
eToro U.S. CEO on Expanding Investment Offerings Into Stocks, ETFs
eToro, the social trading platform that offers crypto, forex, and equities, recently announced that it's giving U.S. users the option to include stocks and ETFs as part of their investment portfolios. Lule Demmissie, CEO of eToro U.S., joined Cheddar to talk about the company’s expanded offerings. "We felt, although crypto is a fantastic asset class, that individuals benefit from having a broader access to different kinds of investments, and equities is definitely one of them," Demmissie noted.
Blink Charging CEO on Partnering With General Motors on Building EV Chargers
Coming off of CES, Blink Charging announced a partnership with legacy automaker General Motors to provide charging stations for its newest electric cars. The company specializes in stations they own and operate that also accommodate residential and commercial locations. Michael D. Farkas, founder and CEO, noted that they "don’t discriminate” when it comes to locating their chargers while also taking the philosophy of seeing their hardware more like hot water heaters rather than smartphones constantly in need of upgrading. "We believe it's one of the reasons why we were selected by GM," Farkas said. "These dealerships have to invest in these locations and make sure that this hardware is workable for a very, very long period of time."
Load More