Bend and Seattle startup incubated at Madrona Venture Labs comes out of stealth with $6 million raise

A new startup with a presence in both Bend and Seattle has come out of stealth with the announcement of a $6 million round. Meet Magnify, which was incubated in Madrona Venture Labs.

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OTBC changes leadership

Beaverton startup hub OTBC is changing its leadership team. Steve Morris, who has led the organization as executive director for 16 years, is retiring. Jim McCreight, director of strategic partnerships, will assume the executive director role. Julie Brown will take on the role of director of operations.

Expensify S-1 is available

If you’ve been curious about Portland’s Expensify going public, the S-1 is now available for your reading pleasure. The high notes? They plan to raise $243 million by selling about 10 million shares priced between $23-$25 range. And they plan to trade on Nasdaq under the symbol EXFY.

And from my personal perspective, I don’t ever recall reading an S-1 — and I’ve read quite a few — that reference a motivation to “Get shit done.” But this one does.

Not monkeying around: Zendesk to buy SurveyMonkey in $4 billion all stock deal

Now, I realize that this isn’t exactly Portland startup news. But it is former Portland startup news. And the company in question still has a significant presence here in town. And it’s Friday. So I feel it’s warranted. SurveyMonkey — now known as Momentive — is getting acquired as part of a $4 billion deal.

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Sila cofounder chats with Nasdaq about the state of fintech

Listen as Portland’s Shamir Karkal, cofounder of fintech startup Sila and cofounder of Simple, discusses the current state of fintech with Nasdaq.

Community kudos: Skip Newberry, Technology Association of Oregon

Skip and his growing team at TAO provide PDX startups with mentors, investors, and resources that help our Silicon Forest thrive. While TAO brings education, excitement, and community to Oregon-based tech companies, Skip operates at a national level, sharing insights and ideas with tech leaders, incubators, associations, and government programs across the country. TAO executes on exciting new ideas and services for its members with amazing speed. This is leadership in action, starting from the very top with Skip. Thank you for everything you continue to do to make Portland a great place to build technology.

Follow Skip on Twitter.

Have someone you’d like to recognize? Give them the kudos they deserve.

Community kudos: Juan Barraza, Portland State University

Anyone who knows Juan has seen him in action – he’s relentless in his energy to create a more equitable and vibrant startup community. I suspect that Juan spends most of his time thinking how things could be better and connecting awesome dots.

For more, follow Juan on Twitter.

Have someone you’d like to recognize? Give them the kudos they deserve.

Community kudos: Rational Unicorn

Michael and his team at Rational Unicorn helps the community through affordable legal services and classes for the business community. Their work helped me to start my e-commerce business and I am forever grateful for their work.

Vyvyan Doan

For more, visit Rational Unicorn.

Have someone you’d like to recognize? Give them the kudos they deserve.

Portland ecommerce startup Rally secures $6 million

As the pandemic hit, suddenly every product and retail company was forced to become an ecommerce company. But choosing the right platform amidst all of the potential possibilities proved to be another challenge to overcome. Which inspired Portland startup Rally, a headless decentralized ecommerce platform that works in tandem with a variety of other providers.

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Portland calendar AI startup Reclaim launches “Smart 1:1s”

If you’ve ever managed folks, you know how powerful 1:1s (one-on-ones) can be for keeping everyone up to date and on the same page. And if you’ve ever managed anyone at a startup, you know how keeping a consistent schedule for those 1:1s can fall to pieces in a stressful environment. That’s why Portland startup Reclaim is putting their AI bot to work on your calendars, so that those 1:1s always happen, even under the most tenuous of calendar conditions.

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