Toronto's ECHOage Inc. announced today that they have received funding from two prominent investors - new media industry expert, Howard Lindzon, founder of Lindzon Capital Partners and principal in Knight's Bridge Capital Investment, and Mark Goodman, the executive chairman of Cogitore Resources Inc. on behalf of Goodman Family Holdings. Both Lindzon and Goodman will be joining ECHOage's board of directors as well.
By simply pooling and redirecting funds customarily spent on birthday gifts, ECHOage.com has enabled thousands of children from more than 30 US states and 10 Canadian provinces to contribute money to charitable organizations, while also reducing their environmental footprint. Specifically, party guests contribute money online in lieu of bringing gifts and ECHOage pools and divides the funds facilitating the purchase of ONE meaningful gift for the birthday child, and the donation to ONE charity of the child's choice. The site demonstrates how children can benefit from earning, managing and sharing funds.
Not surprisingly, both Lindzon and Goodman are parents and have seen the excess associated with the children's birthday party industry.
Lindzon is an expert in the new media industry and an active angel investor in the financial and Internet business sectors. He recently sold startup videoblog Wallstrip to CBS Corp for $5 Million and will be speaking at the upcoming Startup Empire conference in Toronto next month.