If you follow the world of venture capital and private equity, you’re likely familiar with the concept of funds. They’re the folks who are doing due diligence, cutting checks to provide capital for companies, and actively managing a portfolio. What’s less obvious and murky is where those funds actually get the money they use to make those investments. Some of that money comes from a-whole-nother group of funds — often referred to as a “fund of funds” — that provide capital for venture capital and private equity funds to do their work. And one of those fund of funds is the Oregon Public Employees Retirement (PERS) Fund.Read More
I can confidently say that there will never be enough accessible capital to adequately support entrepreneurs. So we’ll always have that to complain about. But that’s also a massive opportunity. Because there is also plenty of room for new players — and new models — to emerge. And another one just did. From Sahil Lavingia, founder of Gumroad.Read More
Everyone loves to brag about what companies are headquartered in their town. But what about fully remote companies with no actual headquarters? What about them? Well, I say if Portland boasts a bulk of employees — like say Automattic or Zapier — or if some key execs — like ConvertKit — live here in town, then we can claim them as a Portland company.Read More
One of the issues with the current state of the Portland startup community is the negative of a positive. The positive? Formerly early stage funds have found success, returned multiples on invested capital, matured, raised larger funds, and are now writing larger checks for Seed and Series A rounds.Read More
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.
While some startup communities seem obsessed with the random application of technology, I’ve always been impressed with the Portland startup community’s continued interest in applying technology in ways that make people’s lives better. One of those areas — for decades — has been healthcare. And now, there’s a new player in that realm, specifically around urgent care for kids. Meet Brave Care.
I always say that the “P” in “PDX” stands for “procrastination.” It’s all but a definitive cultural trait around these parts. But sometimes, we all miss out on something really special due to that dragging of the proverbial feet. That’s why I’m really happy to announce that — instead of closing today — the XXcelerate Fund’s startup accelerator, XXcelerator, is giving you another week to get your application completed.
With funds raising larger and larger rounds, the economics of cutting smaller checks for seed stage companies get more and more lopsided. And that leaves a gap for the youngest and most vulnerable of companies. That’s why it’s always nice to see folks raising funds specifically targeted at early stage companies. Like Seven Peaks just did.