When we started Foundry Group in 2007, part of our strategy was to build a national venture capital firm based in Boulder, Colorado. Brad and Seth already lived here; Ryan and Jason made the move from San Francisco to Boulder. Since then we’ve all called Boulder home.
While only about 30% of our investments are in Colorado, we love this place. Living here bring us both personal and professional joy every day. We believe Boulder is one of the best places on the planet to live and to build startup companies.
Along with many others, the last week has been devastating. We are lucky – none of us were displaced from our homes. We’ve got lots of property damage and plenty of leaks and water puddles but all of us are under roofs and dry today.
Many of our friends and neighbors have been less fortunate. Some lost their homes. Others are stranded – either isolated in the mountains at their homes or stuck downtown unable to get to their homes. Basements and first floors are destroyed. Roads are impassable. Backyards are now ponds. Some homes are completely gone.
When we co-founded Entrepreneurs Foundation of Colorado in 2007, our goal was to help build a significant non-profit for the Boulder area funded by the success of the new companies coming out of our startup community. The goal was to create a way to give back, continually, and over a long period of time, to a community that enables us to exist.
In 2008 we joined the Entrepreneurs Foundation of Colorado and contributed a portion of our carry to EFCO. Today we are announcing an additional gift of $100,000 to directly support the flood relief effort in the Boulder, Longmont and Lyons areas.
We are incredibly proud of our community. And we are very saddened by the stresses so many of our friends and neighbors are under. We hope our gift will motivate others like us – who are in a position to contribute directly – to financially support the flood relief efforts going on right now.