For those of you just tuning in, it’s a short session in the Oregon legislature, this year. Without getting into the particulars, suffice it to say that it’s traditionally very difficult to move legislation during these sessions because of the limited amount of time. So leave it to entrepreneurs to say “Really? We like those odds.” Which is what’s happening with Oregon House Bill 4033.Read More
If you’ve been paying attention to politics, congratulations. There’s a lot to be tracking at the moment. A lot. Which is why I wanted to take the opportunity to remind folks that — even if you’ve been keeping tabs on what’s happening — you may have missed that the Oregon startup community has a time sensitive request for you.Read More
It’s no secret that I’m a fan of Darius Monsef. And a lot of that is because I’ve been lucky to watch his efforts and growth over a dozen years or so. And with him now on the third Portland startup that he’s cofounded, I continue to be impressed with the maturity and perspective his significant startup experience — both within Portland and beyond — has wrought.Read More
Fundraising is hard. I think that’s something on which all of us can agree. Constructing grammatically correct sentences even if they seem awkward? No. Oxford commas? Probably not. But agreeing that fundraising is a grind? Yes. Definitely. And it doesn’t matter if you’re a company looking for a loan, a startup chasing venture capital, a VC chasing LPs… even an employee looking to get their budget approved. It’s all difficult.
While the term unicorn has lost a bit of its luster as of late, it’s still an impressive milestone for any company to achieve a $1 billion valuation, but especially for a northwest company to do so. That’s why it was interesting to see Portland Seed Fund portfolio company Auth0 announce its Series E raise, which officially gives it the unicorn moniker.
Yes. $200 million. For a Portland startup. It’s really really easy to blanche at that number. I get it. It’s a big number. Especially for a homegrown Portland company in the software world. And were this earlier in the life of Silicon Florist, I could have easily focused on the number, cheered for a company raising that much, and moved along my merry little way.
If I’ve said it once, I’ve said it a thousand times: Innovation can occur anywhere. It’s not just something that happens in an urban context. Or in major metropolitan areas. It happens all over. Throughout the state of Oregon. And that’s why Business Oregon has its Rural Opportunity Initiative (ROI) to help spark and support that activity.
Ever since I promised Bill Lynch that I would stop publishing pure “we got funded” sorts of stories, I’ve had a challenge. You see, people tend to drop press releases when they raise money. So it’s a good time to cover them. But if I chose to act on those releases, my posts couldn’t just be about the funding, I promised Bill. There had to be another angle.
The thing I love most about ecosystems is that as things change—and gaps are introduced—the community works to fill those gaps and take advantage of those opportunities. So when former Angels and Seed Funds begin to mature and move downstream with their check sizes and portfolio companies, it opens up opportunities for new funds. Like Coast to Crest Fund. And now, the Willamette Angels W2 Fund.