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After 45 Years, 74-Year-Old Spreadsheet Legend/EFF Cofounder Mitch Kapor Gets His MIT Degree

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3 months 2 weeks ago
Mitch Kapor dropped out of MIT's business school in 1979 — and had soon cofounded the pioneering spreadsheet company Lotus. He also cofounded the EFF, was the founding chair of the Mozilla Foundation, and is now a billionaire (and an VC investor at Kapor Capital). 45 years later, when the 74-year-old was invited to give a guest lecture at MIT's business school last year by an old friend (professor Bill Aulet), he'd teased the billionaire that "there's only one problem, Mitch, I see here you haven't graduated from MIT." The Boston Globe tells the story... After graduating from Yale in 1971 and bouncing around for almost a decade as "a lost and wandering soul," working as a disc jockey, a Transcendental Meditation teacher, and a mental health counselor, Kapor said he became entranced by the possibilities of the new Apple II personal computer. He started writing programs to solve statistics problems and analyze data, which caught the attention of Boston-area software entrepreneurs Dan Bricklin and Bob Frankston, who co-created VisiCalc, one of the first spreadsheet programs. They introduced Kapor to their California-based software publisher, Personal Software. Midway through Kapor's 12-month master's program, the publisher offered him the then-princely sum of about $20,000 if he'd adapt his stats programs to work with VisiCalc. To finish the project, he took a leave from MIT, but then he decided to leave for good to take a full-time job at Personal. Comparing his decision to those of other famed tech founder dropouts, like Bill Gates, Kapor said he felt the startup world was calling to him. "It was just so irresistible," he said. "It felt like I could not let another moment go by without taking advantage of this opportunity or the window would close...." When Aulet made his joke on the phone call with his old friend in 2024, Kapor had largely retired from investing and realized that he wanted to complete his degree. "I don't know what prompted me, but it started a conversation" with MIT about the logistics of finally graduating, Kapor said. By the time Kapor gave the lecture in March, Aulet had discovered Kapor was only a few courses short. MIT does not give honorary degrees, but school officials allow students to make up for missing classes with an independent study and a written thesis. Kapor decided to write a paper on the roots and development of his investing strategy. "It's timely, it's highly relevant, and I have things to say," he said. One 77-page thesis later, Kapor, donning a cap and gown, finally received his master's degree in May, at a ceremony in the Hyatt Regency Hotel in Cambridge, not far from where he founded Lotus.

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