While it’s still a rarity, it’s always interesting to see Portland companies acquiring other companies. Especially when they’re other companies in town. We’ve seen it before with Cloudability acquiring RipFog. And now, we’re seeing Jama make a similar move in acquiring Notion.
One of the challenges with the Portland startup community has always been achieving exits that generate capital and connections that can be reinvested into the next generation of companies in our community. So it’s always nice to see an exit. But it’s even nicer when that exit is a company founded by a Portland native who is interested in giving back to the community. That’s why I’m happy to announce that Portland startup Vault has been acquired by Acorns.
I’ve been talking to a lot of people lately about broadening the spectrum of Silicon Florist coverage. To cover more than just tech. Because there is all kinds of interesting stuff going on around here. And some recent news seemed like the perfect excuse to start doing that. You see, Portland Seed Fund and Starve Ups alum Sightbox has been acquired by Johnson & Johnson.
One of my favorite things about Portland’s original startup scalerator, Starve Ups, is their laser focus on helping founders successfully exit from their companies. Why? Well among other things, it’s the only way we’re going to generate enough wealth to create a truly self sustaining startup ecosystem. So following fast on the news of Starve Ups alum SpaceView’s acquisition, I’m happy to reveal that another Starve Ups alum—and RAIN Eugene alum—has exited, Manage My Co-op.
A lot of my discussions around the Portland tech community and its current momentum tend to concern companies and individuals exploring alternative realities—virtual reality, augmented reality, mixed reality. And that should come as a surprise to… absolutely no one. Like many new technologies, Portland’s early adopters have been mucking around with VR and AR for years.
So this is interesting. For all the positives of the Skyward acquisition today, it still had one issue that has been consistently part of our “liquidity event” stories: it was a solitary event. Portland doesn’t have multiple exits happening in rapid succession. We don’t get the opportunity to build momentum. Or at least we didn’t… but it may be starting. Because Portland based Kavi announced their acquisition by Higher Logic today, too. Read More
Sure, sure. Everyone is talking about the Verizon acquisition of Yahoo! But honestly? I’m more interested in an acquisition that may fly below the RADAR. (Buh dum buh… tiss!) You see, Verizon just made an acquisition that both bodes well for Portland—and for our future in the drone industry. Verizon has acquired Portland startup Skyward. Read More
What began with Google Glass has ended in a successful exit for ONtheGO Platforms—and the local investors who took a risk on the company before it was clear where the market was going. Atheer has acquired OTG for its team and technology, who were early players in exploring the potential of gestures within virtual and physical environments. Read More
As long as I’ve been banging on a keyboard about this whole Portland startup scene thing, there’s been one company that has been referenced in any Portland startup conversation: Elemental. And now, it’s a startup no longer. Elemental Technologies is being acquired by Amazon Web Services. Read More
Last week, the Web was all abuzz with this nifty new mobile testing environment from Amazon called AWS Device Farm. Folks were waxing philosophic about the magic of being able to test their mobile apps on real physical devices. And we, here in Portland, were sort of scratching our heads. Wasn’t this what AppThwack does? Well, yes. And yes. You see AWS Device Farm is AppThwack. Read More