I love the style of
#47 and
#50!! The paint running down seems to put a downward/depressing pull on the logo.
Also, I love the cool font choice - the only problem is the S at the end of 'innovates' - it looks like a D. Also, the C & i together in the logo look like a capital G. Otherwise, the style is exactly the Web 2.0/ Cool/ Innovative style we're looking for!
Is there any way to try something in the same style that is a little more high energy/upbeat?