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.
The thing I love most about ecosystems is that as things change—and gaps are introduced—the community works to fill those gaps and take advantage of those opportunities. So when former Angels and Seed Funds begin to mature and move downstream with their check sizes and portfolio companies, it opens up opportunities for new funds. Like Coast to Crest Fund. And now, the Willamette Angels W2 Fund.
This year has been a great year for funding for Portland startups. What’s more, it’s been a year where local investors have felt comfortable beginning to participate in some of that funding.
[HTML1]There comes a time—not often mind you—but there comes a time when even I—admittedly often naively optimistic in my cheerleading of the Portland startup scene—have to admit that something just isn’t right. This is one of those times.
Over the weekend, Mike Rogoway at The Oregonian published an overview piece on the new Portland Seed Fund, a project designed to help provide funding for bootstrapping startups to get their legs under them. It’s not Mike’s piece with which I have trouble. I was happy to see it. That with which I have trouble is the Portland Seed Fund comparing its program to Y Combinator, an incubator and mentoring program for tech startups. Read More