PROVO, UT, April 1, 2008–Paul Allen has been named to the vSpring Capital list of 100 business executives who are most likely to lead a successful venture-backed company in the next few years.Known as “Paul Allen the Lesser” in the Utah venture community to distinguish him from Microsoft co-founder and billionaire Paul Allen, Utah’s Paul Allen has built several companies that are recognizable to many Utahns: Infobases, Ancestry.com, MyFamily.com, 10x Marketing, FundingUniverse.com, and LDSAudio.com.Allen is currently CEO of FamilyLink.com, a genealogy and social networking company founded in 2006 that is already reaching millions of families with its online family tree tools and family history content.
The vSpring Capital Top 100 Venture Entrepreneurs, or v|100, was created in 2004 to recognize outstanding entrepreneurs who have ties to the state of Utah and who are most likely to lead a successful business venture within the next few years.
Recipients of the award are selected through a community-nominated and peer-selected process. Allen has received this recognition each of the past four years.
“Paul’s entrepreneurial contribution in Utah has been invaluable. Aside from the revenue growth and job creation of his companies, Paul has also been a key luminary in his industry and in entrepreneurship,” said Dennis Wood, Director of Human Capital. “We are greatly pleased to see Paul make this list.
“It’s the process that makes this recognition so meaningful. The awardees are first nominated by the community at large and then hand-picked by several hundred entrepreneur peers,” Wood said.
Since moving back from Silicon Valley in 2001, Allen has invested a good deal of time in networking with entrepreneurs and investors, teaching business classes at Utah Valley State College and Brigham Young University, writing a popular blog on internet marketing and entrepreneurship (www.paulallen.net), contributing articles for Connect Magazine and lecturing widely. Allen has also served as a judge for the Ernst & Young Entrepreneur of the Year competition and for several business plan competitions.
“Since its founding, vSpring has funded dozens of Utah companies at various stages of development, and has promoted entrepreneurship and job growth by investing in the state,” Allen said. “I am honored to be named by vSpring as a recipient of this award.”
vSpring is a traditional early-stage venture capital firm with over $350 million of committed capital under management. Specifically, vSpring targets information technology and life sciences companies headquartered in the Intermountain West region. vSpring looks for companies with the potential to transform their markets and create lasting value. vSpring’s primary areas of focus include enterprise software, networking and communications, security software, Internet, mobile computing, drug discovery, drug delivery, diagnostics, and medical devices, all markets where the firm has deep experience.
About FamilyLink.com, Inc.
FamilyLink.com, Inc. is a family of services that includes WorldVitalRecords.com, FamilyLink.com, and the We’re Related application on Facebook. The focus of the company is to provide innovative tools to connect families.
Founded in 2006 by Paul Allen and several key members of the original Ancestry.com team, WorldVitalRecords.com, Inc. provides affordable access to genealogy databases and family history tools used by more than 600,000 monthly visitors. The site registers 9.4 million monthly pages views and has more than 25,000 subscribers. With thousands of databases–including birth, death, military, census, and parish records–WorldVitalRecords.com makes it easy to fill in missing information in your family tree. Some of its partners include Everton Publishers, Quintin Publications, Archive CD Books Australia, Gould Genealogy, Immigrant Ships Transcribers Guild, Archive CD Books Canada, The Statue of Liberty-Ellis Island Foundation, Inc., SmallTownPapers®, Accessible Archives, Genealogical Publishing Company, Find My Past, Godfrey Memorial Library, Find A Grave, and FamilySearchâ„¢. Investors include vSpring Capital and several angel investors.