Portland startups, open source, and tech news, jobs, and events #pdx
In case you haven’t been tracking, former Simple cofounder Shamir Karkal has been quietly building another fintech startup here in Portland. But after today, it might not be “quietly” much longer. You see, that company, Sila, just raised $13 million.
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It’s the prevailing myth with startups. You come up with a great idea. Pitch a few venture capitalists. Get millions of dollars in investment. Grow the company rapidly. Exit. Everybody wins. Later rinse repeat.
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Lately, it seems there’s been an uptick in sizable funding rounds and private equity investments in the state. With 2018 being a record setting and landmark year, in that regard. But in order to get to those multimillion dollar rounds — or liquidity events — companies have to first get out of the gates. And if they’re seeking seed funding in Oregon, that doesn’t seem to be happening at a rate on par with other states. According to Crunchbase.
If January is any indication, the Portland startup scene is in for an interesting year. First, Janrain announced a big round of investment. Now, Puppet Labs has landed a $30 million strategic investment from VMware. Read More
A zillion is shooting a bit high anyway, don’t you think? How about we start with something smaller then? Like about $50,000. That’s the prize money you could take home after pitching the ZINO Zillionaire Investment Forum.
Ah, what I wouldn’t do with a zillion dollars. Why I could fund any number of cool startup ideas.
What’s that? What do you mean “zillion” isn’t a real number?
Well, never mind that. A zillion is shooting a bit high anyway, don’t you think? How about we start with something smaller then? Like about $50,000.
Good. Because that’s the prize money you could take home after pitching the ZINO Zillionaire Investment Forum. Read More