It’s about that time again. Time for the next crop of early stage startups to apply for the Portland Seed Fund.
So if you’re a startup looking for a bit of funding, mentorship, and the opportunity to pitch to a bunch of potential investors, now would be a good time to get to applying.
Who can apply?
We select entrepreneurs with a great idea and the passion and grit to see it through. We invest in ‘classes’ of 6-8 entrepreneurs at a time, start them with an initial $25,000 investment, and see what they do in 90 days. We surround them with mentors, subject matter experts and a peer group of entrepreneurs that understand their challenges and share their successes. We reserve follow-on capital for top performers and introduce them to other funders, partners and acquirers. We repeat the cycle every six months, resulting in ~25 investments every two years.
We are sector-agnostic in our investments and favor capital-efficient, highly-scalable companies with high-growth potential. We are passionate that the Portland, Oregon region is the best place to build entrepreneurial companies and proud of our role seeding the best growth companies efficiently and effectively.
Applications are due by January 9. Class runs late February through May 2012.
For more information, visit the Portland Seed Fund or follow @pdxseedfund on Twitter.