A little over a year ago I received an email from my friend Shervin Pishevar, a great guy and well connected VC in California. His email was an introduction to Elliott Bisnow, founder of The Summit Group, and was in regards to the organization’s recent interest in Utah. I’d heard and read rumors about Summit buying Powder Mountain, so when I received this email out of the blue I was excited to get up there and learn more.
From the moment I started emailing with Elliott, it was obvious he was a very gracious person. Super nice, very humble and accommodating, and all about hanging out and getting to know each other. He immediately invited me up Eden to learn more in person and show me what they were working on. This was early in 2012. I wanted to immediately tell everyone everything I had seen! The plan, the people, the difference all of this would make to everything in Northern Utah. However, the time wasn’t right to do that as they were still quietly putting together a lot of the details associated with such a large and complex deal.
I’ve kept in touch with Elliott and tried to help Summit in any way possible. I’m glad I could in a few small ways (introductions in Utah, etc.) — but I mostly just kept in touch and looked for opportunities to support what they were doing. Fast forward a bit to December of 2012 and the Summit team publicly announced that they had taken over operations at Powder Mountain and that closing on the purchase would soon follow.
Not too long after this public announcement, Elliott invited me to come spend some time at Powder Mountain. I’d been unable to make it before, so I was glad that this time I could make the timing work. I’m home now after spending the past two days up there.
And all I can say is WOW.