February 28th, 2009
Y Combinator founder likes Portland’s potential for startups
Can Portland become a startup hub? It’s a question that we discuss time and time again.
We have the hackers, but can we attract the right kind of investors? Can we create a startup environment that meshes with the Portland—and Silicon Forest—culture? Can we build a sustainable startup engine?
I believe we can and I know I’m not alone in that regard.
Now, Paul Graham, founder of the well-known early stage startup incubator Y Combinator, has provided another vote of confidence for the Rose City. In a post entitled “Can You Buy a Silicon Valley? Maybe.” he proposes a way to fund and retain startups “for a particular city.”
It’s an interesting argument. But what I found most interesting was this (emphasis is mine):
How well this scheme worked would depend on the city. There are some towns, like Portland, that would be easy to turn into startup hubs, and others, like Detroit, where it would really be an uphill battle. So be honest with yourself about the sort of town you have before you try this.
So now, it’s not just obvious to us, anymore. It’s obvious to the outside world, as well.
It seems like there’s an opportunity here. And we shouldn’t squander it.
(Hat tip Elia Freedman)