About a month agao, I had the honor of joining the board of the Entrepreneur's Foundation of Colorado (EFCo). EFCo has a very simple and effective model...venture-backed companies may donate 1% of their Series A equity to be held until a liquidity event. At that time, the money generated is used to fund local community foundations. But, there is more to it. Member companies have resources available to them to engender a spirit of philanthopy and giving throughout the entire organization. I am excited to start working on this endeavor within NewsGator in the coming months.
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