A month after Peak Startup shut down, Colorado Springs technology accelerator Exponential Impact created a new group to continue providing events and resources to local entrepreneurs.
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Springs Startup plans to host its first event, a virtual pitch night, on March 18th, where entrepreneurs present their business ideas to a jury in order to refine their pitches to potential investors. The event is to take place monthly and ultimately in person. said Natasha Main, executive director of Exponential Impact. The group also hopes to have a startup weekend program later this year that is safe to host in-person events, she said. Entrepreneurs gathered for two days to write a plan to turn a business idea into an operating company.
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“Those who started this group are involved in start-up programs across the state and have seen a void they can fill. We valued what these programs had to offer and that they were run by entrepreneurs . That’s why we’re planning this. ” “said Main.” Although we disagreed with the decision to shutdown (Peak Startup), everyone wants to respect the decision of their board of directors. “
Springs Startup organizers include Chris Franz, founder of Peak Startup and local entrepreneur, and Leif Ullman, founder of local startup KidReports and former Peak Startup board member who will chair the new organization’s committee. As part of her role at Exponential Impact, Main Springs Startup will be supported by employees. She joined EI in 2019 after working in the same role for Peak Startup.
“After speaking with many people in the Colorado Springs entrepreneurial community, we firmly believe our community needs startup-centric events and have come together in true entrepreneurial ways to bring the events back to life for a startup ecosystem are vital, “Ullman said in a press release.
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Peak Startup closed in January and the remaining assets were transferred to the Colorado Institute for Social Impact, which helps entrepreneurs starting or planning to start businesses with a social or charitable impact. The Peak Startup Board decided to close after a 13 month planning and evaluation process that began when Main left. According to a press release, the board found that Peak Startup’s resources “could have a greater impact if invested in another organization”.
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