So much for quitting Microsoft to spend more time with his medicines. Billionaire Bill Gates has reportedly started a new venture, bgC3 LLC.

TechFlash has described Gates' new baby as a think-tank that was founded after he quit his full-time duties with Microsoft this summer after 33 years. Gates is on his own at bgC3 LLC, which sounds more like the email address you use when communicating with people on the kinds of web sites you don't want others to know you're visiting.

So have Gates' plans for retirement and philanthropy been postponed? Has he been forced back to work having lost his crown as America's riches person?

Not according to TechFlash, which said bgC3 LCC is not a commercial venture but "a vehicle to coordinate the software mogul's work on his business, philanthropic and scientific endeavors." ®

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