Bill Gates and Paul Allen got 'busted' as teens for exploiting a bug in their school computer system. (via CNBCMakeIt)
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Microsoft co-founders Bill Gates and Paul Allen first met as teenagers in the late 1960s at Lakeside School in Seattle, when Gates was in eighth grade and Allen was in tenth grade.at the Forbes Philanthropy Summit in New York, where Allen was posthumously awarded the Lifetime Achievement Award for Philanthropy. "Our school, Lakeside, held a rummage sale and used the proceeds to buy a teletype terminal. We were obsessed with it.
Computer terminals were rare at the time, and as a result, "it was really expensive to use — $40 an hour," Gates said. "The only way for us to get computer time was by exploiting a bug in the system." They "eventually got busted," he added, "but that led to our first official partnership between Paul and me: We worked out a deal with the company to use computers for free if we would identify problems."
The friends continued working together after high school: In 1974, the summer after Gates' freshman year at Harvard, they
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