Tour The $40-Million Mountain Entrepreneurs Just Bought As A Party Location

elliot bisnow greg mauro summitSummit co-founder Elliot Bisnow

Photo: Summit

Summit Series is a popular, annual startup conference among a younger set of entrepreneurs who like to work hard and play hard.It was founded in 2008 by four 20-somethings, and the first gathering had 19 people. Now it attracts hundreds of attendees. Events have been held in Mexico, on a Caribbean cruise ship, and in Squaw Valley, California.

The conference, which is usually three or four days, has a reputation for being an amazing networking experience, full of non-stop partying paired with an stellar guest list. Past attendees have included Richard Branson, Bill Clinton, and Russell Simmons.

Today, Summit Series announced a new home for their annual “conference” ragers: Powder Mountain. The founders raised roughly $40 million to buy the new 10,000 acre spot in Eden, Utah.

$40 million was just the price tag for the mountain, though. They’ll have to raise even more to build on top of the land. Still, there’s a lake, skiing, and even a giant bird nest that sits in a tree for humans.

“It’s a new kind of neighbourhood, where friends, family, and the leaders of today and tomorrow gather in an environment created to catalyze personal and collective growth,” the founders write on their site.

Summit Series was founded in 2008 by four entrepreneurs: Elliot Bisnow, Brett Leve, Jeff Rosenthal and Jeremy Schwartz

It's an annual conference/party for business leaders and startup founders. You can think of it as Davos for the up-and-comers.

Events have been held in Utah, Mexico, DC, on a cruise ship to the Bahamas, and in Squaw Valley.

Attendees have included Sean Parker, Bill Clinton and Russell Simmons.

Now, all of the Summit events will be held at a mountain. Powder Mountain, in Eden, Utah.

Greg Mauro, Summit's Managing Partner, had the idea to buy Powder Mountain. He's been living in Eden for four years, and he saw it was for sale.

The mountain Summit just bought is 10,000 acres.

It includes a lake that's surrounded on all sides by mountains.

Naturally, there are many ski trails at Summit Eden.

There's a farm that's half a mile away, that Summit has befriended.

There's a beautiful, outdoor banquet hall.

One of the first structures Summit built is a human-size bird nest that sits atop a tree.

Here's a view from the human nest.

The construction is just getting started. Here, you can see Summit's plans to build a giant lake house.

Here's another conference lodge the team plans to build.

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