Entrepreneurs Buy $40 Million Mountain And Turn It Into A Party Location

The very popular annual startup conference, boasting attendees like Bill Clinton and Richard Branson, has just purchased a new location to hold their legendary events.

The conference, usually three or four days long, will now be held on Powder Mountain in Utah- the four 20-something year old founders just bought the mountain for $40 million.

The conference is well known for being an amazing networking experience, and apparently one hell of a party.

"It's a new kind of neighborhood, where friends, family, and the leaders of today and tomorrow gather in an environment created to catalyze personal and collective growth," the founders wrote on their site.

Paul Hudson | Elite.