Press Releases
January 25, 2000 |
Contact: Jennifer
Bersch |
SciQuest.com and CED Celebrate IPO Success
Generous Stock Pledge to CED's Endowment Fund is First to Become Liquid
With SciQuest.com's IPO in November 1999, its pre-liquid stock pledge became the first liquid stock donation to CED's endowment fund. "CED provided us with a lot of valuable information and contacts when we were starting out. The seminars on the nuts and bolts of starting a business, great networking opportunities and support groups for nurturing ideas really made a difference to us - and to all the Triangle's entrepreneurs," said Peyton Anderson, SciQuest.com co-founder and vice president of business development.
When a company makes a pledge of pre-liquid stock to CED's endowment fund, it agrees to donate a certain number of shares to the fund at the company's IPO. Such pledges have tax and other advantages for contributors, and represent a generous philanthropic gift to CED's endowment fund. So far, more than 20 individuals have pledged pre-liquid stock to CED's endowment fund.
In addition to Congressman Price and Secretary Carlisle, the following companies were represented at the event:
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About CED
The Council for Entrepreneurial Development, located at the CED Entrepreneurship Center in Research Triangle Park, NC, was formed in 1984 to stimulate the creation and growth of high-impact companies in the greater Research Triangle region. CED provides education, mentoring and capital formation resources to new and existing high-growth entrepreneurs. CED sponsors annual conferences, seminars, workshops and monthly programs on entrepreneurial management and finance. CED also offers the FastTrac entrepreneurial training program, youth programs and other outreach programs.
CED is a private, non-profit organization and is the largest entrepreneurial support organization in the nation with more than 3,000 members representing 1000 entrepreneurial companies, financiers and professional firms.