Startup exits—or “liquidity events” as they call them in the biz—are great. And when the exits are multiples of the amount of capital a company has raised, they’re great for both the founders and the investment community. But sometimes the impact of those exits and their impact on the Portland startup community can be a little more nuanced. So I thought I’d share some thoughts on why the recent Cozy and Radar exits are important to our community.
One of Portland’s quietly successful startups, Cedexis, has been acquired by Citrix. I say “quiet” because, like many startups in town, the company kept a fairly low profile, all while providing behind the scenes business-to-business services for a wide variety of brand name customers around the world. And while they were relatively quiet locally, Citrix—who also invested in Cedexis—was well aware of them, as was the entire cloud industry.
[Editor: Another guest post from Dale Davidson of TrekDek. This time out, Dale took some time to sit down with Dan Christopher to talk about the experience of creating, maintaining, and eventually selling of his Web startup, BassMasta, from Portland. Eight years later, Dan has a successful exit under his belt—and a wealth of experience on the world of starting up and cashing out.
And so, without further ado, the story of BassMasta.] Read More