Monday, May 12, 2014

Gnip Makes Twitter Win A Public, Charity Affair

In an unusual move for a company's "closing dinner"--which typically happens after a company is acquired or has an IPO--Boulder's Gnip has decided to hold a public event to celebrate its success--with the proceeds to go to the Entrepreneur Foundation of Colorado. As part of that event, Gnip will also be presenting the EFCO with its share of the gains it received from the Twitter acquisition. The EFCO--which kicked off back in 2007--lets companies donate pre-IPO or pre-acquisition stock, when they are first founded, to help the local Boulder community if and when they are acquired. According to Brad Feld, who is involved both as an investor in Gnip and as one of the organizers of the EFCO, tickets will go on sale the week of May 19th for the event.