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The Summit Series, the five-year old entrepreneur conference run by a gang of mostly twenty-something nomads, is setting down roots. On December 3rd the Summit Group announced that it had taken over management of Utah’s Powder Mountain (rumors have been around for months) and is set to close the transaction in early 2013. With Powder comes an average of 500 inches of annual snowfall and 10,000 plus acres of ski-able terrain–the largest ski mountain in North America. The deal is set to close in early 2013.
Summit in recent years gained notoriety in the start-up world for its annual A-list-packed, weekend conferences that have taken over both a cruise ship and Squaw Valley, California. These innovation festivals have included speakers and attendees like President Bill Clinton, Virgin Billionaire Richard Branson, Paypal chief and Facebook’s first investor Peter Thiel, Mark Cuban, Russel Simmons, and Ted Turner. Now it’s transforming itself from an annual event to a year-round community. Think entrepreneurial country club.
Summit began in 2008 with19 entrepreneurs and three days at one Utah ski resort, Powder Mountain. United by the concept that what’s good for business should be good for the world. The idea caught fire. Six months later, 19 became 60. Six months after that, in March 2009, the White House asked us to convene the country’s leading young entrepreneurs to discuss economic recovery. That’s when we realized: this was bigger than just a ski trip.
We went on to host an annual four-day event, called Summit Series, for 1,000 of the world’s leading entrepreneurs, nonprofit leaders, artists, scientists, athletes, and change makers. The events have driven more positive growth and collaboration than we ever could have imagined. Tens of millions of dollars have been raised for business and philanthropic ventures.
All this, from just four days a year.
So we asked ourselves: what could we do if we had a permanent place? Enter Powder Mountain. An undiscovered gem in Utah’s Northern Wasatch range, Powder Mountain is the largest ski mountain in the United States. In February 2012, we moved to Eden, Utah, to purchase the mountain, with the goal of creating a center of culture and innovation: a small community with a big impact.
As with our very first summit, the goal is to unite the thought leaders of today and tomorrow, but this time on a mountain we call home.
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