The Chronicle sat down with Mr. Gates in an exclusive interview Monday to talk about his vision for how colleges can be transformed through technology. His approach is not simply to drop in tablet computers or other gadgets and hope change happens—a model he said has a "really horrible track record." Instead, the foundation awards grants to reformers working to fix "inefficiencies" in the current model of higher education that keep many students from graduating on time, or at all. And he argues for radical reform of college teaching, advocating a move toward a "flipped" classroom, where students watch videos from superstar professors as homework and use class time for group projects and other interactive activities. As he put it, "having a lot of kids sit in the lecture class will be viewed at some point as an antiquated thing."