Cleaning & Maintenance Management Online

Cheeky venture capitalist buys restroom naming rights

March 9, 2012

BOULDER, CO — Brad Feld is an accomplished marathon runner, successful venture capitalist and now the namesake of a restroom on the first floor of the Wolf Law building at the University of Colorado’s Boulder campus, according to the Denver Post.

Feld’s charitable portfolio currently claims four restrooms; his going rate for a namesake dedication is $25,000, the story stated.

Feld grinningly said, “I’ve decided [$25,000] is the price for a bathroom. There’s a quirkiness about it that I think is healthy. The great entrepreneurs don’t take themselves too seriously, and I try not to either.”

While sponsoring restrooms is gaining popularity, it is sometimes frowned upon: Feld attempted to sponsor a restroom at his alma mater, the Massachusetts Institute of Technology, who deemed it as “inappropriate,” the story noted.

According to the article, Feld truly gets a kick out of his charitable endeavors and seeing plaques with his name on it next to restroom doors.

Feld hopes his actions will entice others to get into the practice of philanthropic sponsorship of restrooms, the story added.

Click here to read the complete article.