While I’m not one to celebrate fundraising for the sake of fundraising, I’m also one to admit that a growing local company raising a single round of financing that’s north of $50 million is still a bit of a rarity. And therefore, notable, at the very least. So I thought I’d capture the coverage of SheerID’s latest round.Read More
The big news around the Portland startup community today — and likely for some time to follow — surrounded the latest round of funding for Vacasa. Why? Because the size of the round — at $319 million — was unusual. And the valuation for that round catapulted the company into unicorn territory.Read More
I’m always a fan of folks who are helping startups. Especially those who recognize the unique challenges of founders. That’s why I’ve been happy to see Women Led working to have a more significant impact on women and the companies they’re leading and building, here in Portland. But in order to do the work they want to do, a nonprofit organization needs funding. That’s why Women Led launched a GoFundMe campaign.
Fundraising is hard. I think that’s something on which all of us can agree. Constructing grammatically correct sentences even if they seem awkward? No. Oxford commas? Probably not. But agreeing that fundraising is a grind? Yes. Definitely. And it doesn’t matter if you’re a company looking for a loan, a startup chasing venture capital, a VC chasing LPs… even an employee looking to get their budget approved. It’s all difficult.
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.
One of the challenges of the Portland startup community has always been momentum. We sometimes have great—at times even fantastic—startup news, like an exit or a major announcement. But more often than not, that happens as a solitary instance. And then it’s some time before the next major announcement. So it’s rare to have a day like today where both Torch 3D and Vacasa have major news.
If my Instagram feed is any indication, a number of you just spent the last weekend running in the Portland Marathon. So this may be a little early to pound the pavement again. But trust that I’m only asking you to get back on the road because it’s for a good cause. It’s time for another 4K 4Charity Run. Read More
Portland startup Consano has been changing the way that medical research is funded, allowing anyone to establish fundraising campaigns directed at research. But they’re not stopping there. They noticed a trend in donations—donating in the name of a loved one—that inspired them to create a new feature for the service, Honor Funds. Read More