In 2007, the median deal size was $5 million, up 22 percent. And the median pre-money valuation was $10 million, up 66 percent (from $6 million in 2006). Both deal size and valuation for Web 2.0 companies remained below the average VC deal across all industries ($7.6 million and $16 million, respectively)
But again, there’s a silver lining to this Silicon-Valley cloud. For us, at least.
Take a look at where the top investments landed. Lo and behold, there are two Silicon Forest companies on the list. Corvallis-based MyStrands appears on the list twice with nearly $50 million combined investment, and Portland-based Jive Software appears courtesy of their $15 million round, last year.
This is the kind of news that begins to put Portland and the entire Silicon Forest on the map. It’s news that, hopefully, makes the venture capital community take notice. And maybe, just maybe, the type of news that motivates those investors to take a second look at the Rose City technology scene.
I can’t wait to see what 2008 holds for our local companies. But the bar has been set. And I hope to see more than two of our companies on the list, next year.
Something dawned on me this weekend as I was watching the streams of Portland-based tweets stream across my screen. I think Portland may have more another “per capita” stat we can start quoting. I think it’s highly likely that Portland has more tweets per capita than any city in the US.
With all of these Twitter users and tweets flying by, it comes as no surprise that Portland and the Silicon Forest have created a number of cool side-project Twitter-related tools and views. I use a number of these tools every single day. And they’ve greatly improved the utility of Twitter—and the information it holds—for me. (Of course, as always, I also remain hopeful that some of these side projects have the potential to form—or at the very least inspire—full-fledged Silicon Forest startups.)
While I’ve covered most of these individually, I thought it might be wise to round them up for future reference. Both to highlight the work that is going on, and to hopefully, stimulate some more ideas for development.
In no particular order:
Pulse of PDX provides a view of Portland Twitter users and what they’re posting to Twitter. The best thing about Pulse of PDX? You don’t even have to be a Twitter user to use it, so it’s a great way to dip your toe in the proverbial Twitter water. Of course, once you use it, you may want to become a Twitter user.
Twitterwhere let’s you find all the Twitter users in a particular geographic region. Want to find all of the Twitter folks in Corvallis? What about Vancouver? Portland? And since the service provides a feed, it’s another “try before you buy” Twitter tool. Add the feed to your feed reader if you’re still debating whether to sign up for Twitter or not.
Tweetpeek allows you to create quick widgets and pages using the followers of a particular entity. Think Pulse of PDX for whatever you want. Create a Twitter entity, follow the folks you would like to include, and run it through Tweetpeek. Easy.
Ever wish you could see Twitter conversations in a threaded, rather than linear, format? Well, then Twitterthreads may be for you, my friend. Simply log into Twitterthreads with your Twitter credentials, and you’ll be able to see your
Heavy Twitter users will find times when they simply don’t see all the replies that were meant for them. And that’s where Portland’s Twitter Reply Sniffer comes into play. Use the tool to search for your Twitter name and you’ll see all the replies from all the folks who are interested in conversing with you.
I don’t use public transit as much as I would like, but when I do, NextTrimet has been a welcomed addition to my Twitter toolset. Simply follow NextTrimet (and wait for it to follow you back), then send your stop number in a direct message to NextTrimet and it will let you know when the next ride will be arriving.
Sandy isn’t a Twitter tool per se. But I have to tell you, since I discovered Sandy’s Twitter account, I’ve been working with her more and more. Like anyone else on Twitter, she’s cordial, intelligent, and helpful. And she’s helping me keep track of more and more things.
Those are just a few of the cool tools built on and around Twitter that I’ve been lucky enough to find. I, for one, can’t wait to find more hometown-built tools that make Twitter even more valuable.
Have you built a cool Twitter app or found one that I haven’t listed? Please, by all means, let me know.
[Editor’s note: Continuing the Silicon Florist’s guest editorial series, we welcome Scott Kveton, a well-known force-of-nature in the Portland technology community. And, as you’ll see, the de facto Chamber of Commerce for the Portland startup scene.]
Last week was amazing. I spent most of it with Luke Sontag here in Portland, meeting with folks, spreading the good word about Vidoop and generally being in the city.
Having grown up in-and-around Portland, it’s always fun to see the reaction to everything-that-is-Portland from someone who doesn’t live here. (Oh, and the weather we had last week didn’t hurt either.)
I got a chance to talk a little bit about this at Ignite Portland 2, but I’ll say it again: This is the beginning of a fantastic renaissance period for Portland. It’s such a vibrant, eclectic, talented and diverse city with so many things going on, that it inspires the mind and spirit around every corner you turn. Even more, I think Chris Logan had it right: it’s time for Portland to step up and take its place.
There has been some talk about how “if you don’t live in the Bay Area and you’re in tech, you’re basically a wuss.”
So be it. The very last thing I want is for Portland to turn into the Bay Area or Seattle. I want it to be Portland. I want other cities to be saying “wouldn’t it be great if we were more like Portland?” I simply want Portland to come into its own in tech, in the arts, sustainability, green, etc.
But, how do we get to that point?
Well, it takes a bunch of us, it takes some time and, ironically, the city does most of the work for you.
For the past couple of years, I’ve made it a point to try to help people who are considering a move to Portland. I’ve spent countless days taking people around the city, introducing them to others in the city, and generally trying to give them a “locals’ view” of the city.
Now, the tour I take folks on covers a bit of ground and I’m seeking some input on the route. A couple of places I go to:
Tour of SW waterfront area with gondola love
Sellwood district (possibly for lunch, definitely for dinner at Saburo’s if it’s a weekday night)
SE towards 78th or so … Marshall has been kind enough to meet me more than once at the Bipartisan Cafe… soooo PDX
Alberta or Killingsworth… I used to live at Billy Reed’s at the turn of the century and I can’t believe how much it’s all changed since then
NW on 21st or 23rd… just too much to do, to eat, to see
Where would you take a touring visitor to get a taste of Portland from a local’s point-of-view? Bear in mind, I’m not looking for just a tech-person view on this. I’m all about diversity here.
The key to all of this, and the thing that I keep in mind at all times, is serendipity. Yeah, yeah, I know. Hard to quantify, huh? Well, I’m not the cheerleader type unless I really, really believe in it. Portland I can believe in. This city, the people, the places. It’s easy.
If you’re not predisposed to drink the PDX Kool-aid, then you’re probably not the type of person I’d want here anyway. And, if you’ve ended up in my Inbox or with my phone number, odds are, there’s a reason.
I’ll put this out there; if you have a friend or colleague that is thinking about making the move to Portland I’ll offer up my time for coffee or even the full-fledged tour to introduce them to the city and the people I know. It’s just the right thing to do. And, I’d challenge you to do the same.
Again, it’s not about trying to make Portland something it’s not… it’s about embracing serendipity and helping Portland realize its potential.
P.S. – first round is always on me … 🙂
Scott Kveton is a digital identity promoter, open source advocate, and Chairman of the OpenID Foundation. He has worked at Amazon, RuleSpace.com, JanRain, and MyStrands, and founded the Open Source Lab at Oregon State University. He is a regular speaker on the topic of identity and open source. Kveton currently serves as the Vice President of Open Platforms for Vidoop, a company he recently wooed to the Silicon Forest.
