The young creators of a 'TED meets Burning Man' conference bought a $40-million mountain in Utah to build a Davos for hipsters. What could go wrong?

The article focuses on the ambitious yet troubled development of Summit Powder Mountain, a ski resort in Utah, initiated by the founders of the Summit Series, a conference for entrepreneurs and innovators. Originally envisioned as a utopian community for socially conscious individuals, the project has faced significant setbacks, including slow development, legal disputes, and local resentment. Despite raising over $40 million and promising a range of amenities and infrastructure, the reality has fallen short, with only a few homes built and many plans unfulfilled. The founders acknowledge their inexperience and the challenges of executing such a grand vision, leading to a shift in focus towards a more pragmatic community rather than the originally proposed vibrant hub for innovation. [Extracted from the article]