In some industries, the idea of “closing” can be the worst possible outcome. But in the world of startups, closing is often a very good thing. And the latest news from the Portland Seed Fund is no different. The Portland Business Journal just revealed that PSF has just closed their third fund to the tune of $13.9 million.
Said someone, probably. And thanks to local investor and startup accelerator director Dylan Boyd, there is. It may be incomplete, but it’s likely far better than any list you’ve got going currently. Nearly 2000 folks and firms in the venture capital industry. All talking about what they had for lunch. And probably some VC stuff too.
If you’re a startup that’s looking for some support, there are a couple of opportunities to apply for that sort of assistance. Cascade Angels is currently accepting applications for early stage startups seeking funding. And XXcelerate Fund is accepting applications for the next round of its XXcelerator program for women founded companies.
In the startup world, there are some prevailing assumptions about venture capital and building companies. But just because those assumptions are prevailing doesn’t mean they’re correct. That’s why I always like resources that help demystify the world of venture capital and its impact on companies. Like Venture Deals by Brad Feld and Jason Mendelson.
Over the past ten years, we’ve seen a change in venture capital in Oregon. Previously dominant VCs have stopped investing or become less active while a series of new players have entered the market. And outside investment—folks from other states who have invested in Oregon companies—has definitely seen an upswing. But who are the new leaders in VC in Oregon startups—and are they local? PitchBook crunched some numbers for us.
Every October, any number of investors descend upon Bend to take part in the largest cash prize startup competition in the Pacific Northwest, the Bend Venture Conference. It’s arguably the most valuable investor gathering in the state. But you know what? It’s only truly valuable if there are awesome startups there. That’s where you come in.
While Oregon still has a ways to go in terms of building a self sustaining startup ecosystem, any number of folks have been doing an impressive job of building up our early stage funding resources throughout the state. And one of those groups of early stage investors, Cascade Angels, is looking for some more companies in which to invest.
Last week, I shared a post written by a Portland founder, recounting his experience while working to raise early stage capital, here in Portland. The post immediately sparked a conversation among Portland founders. And soon, Portland investors joined the conversation, as well. Read More
The Portland startup scene wouldn’t be much of scene without the capital to fuel its growth. And over the years, it’s been nice to watch that investment community come together, connect, and collaborate to enable some of our most promising young companies gain the initial footing they need to succeed. That said, it’s been a few years since Portland has seen a new investor enter the fray—Rogue Venture Partners and Seven Peak Ventures are among the most recent. Until now. Meet Elevate Capital. Read More