Complex sentence: The first Telluride Bluegrass Festival was held in Telluride in 1974 and was founded by John Herndon, J.B. Matiotti, Kooster McAllister and Fred Shellman who played in a local band called The Fall Creek Boys.
Split into simpler sentences: The first Telluride Bluegrass Festival was held in Telluride in 1974. It was founded by John Herndon, J.B. Matiotti, Kooster McAllister and Fred Shellman, who played in a local band called The Fall Creek Boys.