India, April 8 -- Bill Gates' daughter Phoebe Gates said that the Microsoft co-founder didn't want her to drop out of college to start her business the same way he did.

When she originally mentioned the idea of starting her company, her parents told her that "You need to finish your degree; you don't just get to like drop out and do a company."

She said that this "is so funny because my dad literally did that and that's the reason I'm able to go to Stanford or have my tuition paid," while speaking on her new podcast, 'The Burnouts,' along with her cohost Sophia Kianni.

They were talking about the journey of launching their digital fashion startup, Phia, in the premiere episode which first aired on April 1.

The company promises "a new ...