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UK graduate Peyton Fouts launches new Web portal, OuiBox.com
Editor's note: Peyton Fouts is a 2006 UK graduate who has a degree in English and a major in Communications. His company, OuiBox.com, was one of the first investments for the new $3 million Bluegrass Angels Venture Fund II (BGAVF II). This is the second early stage venture capital fund for the Bluegrass Angels (BGA), central Kentucky's first seed funding organization. Since 2004, the BGA has invested in 16 startups, providing $4.5 million in seed capital that has been leveraged to $30 million in venture funding. The University of Kentucky is an investor in both BGA venture funds through Kentucky Technology Inc., the university's for-profit corporation headed by Len Heller, UK vice president for Commercialization Economic Development. The BGA focuses investments in spin-off companies from University of Kentucky research. To learn more about OuiBox, visit Oui! UK Alum Launches Life-Changing Web Tool.
Tom Eblen, posted Oct. 27, 2010
The Internet has been shaped by a series of bright, young entrepreneurs whose ideas changed everything. Peyton Fouts hopes to be the next one.
On his 25th birthday Wednesday, the Lexington man is launching OuiBox.com, a multi-platform Web site with a unique writing tool Fouts developed. It harnesses Internet search engines to research papers as you write them.
Fouts said he has spent five years creating OuiBox with help from about 100 consultants, lawyers and programmers around the world. He thinks the site could become huge, and a group of experienced local investors agrees. Members of the Bluegrass Angels investment group have invested several hundred thousand dollars in the company.
"I wanted to make a system that would change the world," Fouts said. "Not just change it, but better it."
To view the rest of this article, visit Tom Eblen's blog, The Bluegrass and Beyond.