February 26th, 2007
Boulder, Colo., February 26, 2007 – Collective Intellect, Inc. (CI), specializing in comprehensively tracking, filtering and ranking new media content for Wall Street investors and the Fortune 500, today announced its participation in the Entrepreneurs Foundation of Colorado (EFCO), a philanthropic program targeted at angel- and venture capital-backed companies based in Colorado, whose mission is to help Colorado entrepreneurs contribute to the long term health and sustainability of Colorado early in the creation of their companies. EFCO will hold grants from Collective Intellect until a liquidity event, when the consideration gets transferred to a Colorado-based Community Foundation.
EFCO designed the program to help young Colorado entrepreneurs begin meaningful philanthropic activities by providing a venue for pre-planned, corporate contributions when their companies achieve liquidity events. Grants are set up during the early stages of capitalization.
As the founders of more than one successful venture-funded Colorado company, Collective Intellect founders Tim Wolters, CTO, and Don Springer, CEO, understand what EFCO wants to achieve by involving entrepreneurs early in their company history. “When a liquidity event happens for your company, there’s a lot going on professionally. It’s not usually a good time to figure out how to manage all the requests to give money,” notes Springer. “Our participation in EFCO helps us prepare in advance to give back to our local community.”
“EFCO offers a tremendous opportunity for local charities as well as to entrepreneurs,” agrees Wolters. “When we’re successful, the community we live and work in shares in our success.”
About Collective Intellect
Collective Intellect, Inc. specializes in comprehensively tracking, filtering and ranking media content for institutional investors and the Fortune 500. Across blogs, discussion boards, social networking websites and other media channels, Collective Intellect uses a combination of advanced artificial intelligence algorithms and old-fashioned human ingenuity to identify emerging New Media and traditional media content. The company’s patent-pending technology helps analysts and portfolio managers in financial services, as well as corporate enterprises, uncover valuable, relevant nuggets of information that reside in the vast amount of unstructured data available today, including blogs, message boards and chat rooms.
Customers include some of the largest trading desks on Wall Street, Fortune 100 consumer goods manufacturers and Fortune 100 pharmaceutical companies. Collective Intellect is headquartered in Boulder, Colorado, and is funded by Appian Ventures and other investors.
About Entrepreneurs Foundation of Colorado
Four companies – Tendril, Rally Software, Collective Intellect and Me.dium – are the founding grantors for the Entrepreneurs Foundation of Colorado. The founding trustees are Brad Feld (Foundry Group), Kyle Lefkoff (Boulder Ventures), Tim Connor (Sequel Venture Partners), Ryan Martens (Rally Software), Bill Roberts (Hogan & Hartson), and Michael Platt (Cooley Godward Kronish). In addition, the Entrepreneurs Foundation of Colorado has formed an alliance with the Entrepreneurs Foundation, an organization formed in 1988 with affiliates in Silicon Valley, Austin, Southern California, New England, Dallas, Portland, Atlanta, Hawaii and Israel.
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