When I caught the news about Orchestra Software’s equity round, I was immediately reminded of Jama Software. Both companies were bootstrapped early on. They both took on investment after a number of years in business. And the amount of the funding was roughly the same amount.
One of the challenges of the Portland startup community has always been momentum. We sometimes have great—at times even fantastic—startup news, like an exit or a major announcement. But more often than not, that happens as a solitary instance. And then it’s some time before the next major announcement. So it’s rare to have a day like today where both Torch 3D and Vacasa have major news.