If there’s one thing founders and startups know how to handle, it’s a fire drill. Last minute requests. Crazy deadlines. Random hail marys. It’s all in a day’s work. But stepping outside of that work to help out the community? That’s above and beyond. And yet more than 80 folks took the time do that yesterday in response to a call to action from Business for a Better Portland and PIE which was designed to address a severe case of underfunding activities directed at the Oregon startup community.
One of my favorite things about Portland is that there are any number of amazing companies being built here. One of my least favorite things about Portland is how difficult it can be for these companies to gain awareness. Which is why things like Founders Live Portland are great platforms.
While Portland tries to provide a bunch of resources for our founders, it’s also nice to see other programs recognizing the value of the startups that are growing here. That’s why I was psyched to see that Portland startup Reimbi will be part of the 2019 TinySeed batch.
There has been a recent spate of acquisitions here in Portland. Some Portland companies acquiring. Some Portland companies getting acquired. This is one of the latter. With recent Portland transplant Twistlock getting acquired for $410 million.
As much as I love local coverage of the Portland startup community, it’s the national and international coverage that really tends to move the needle for companies around here. That’s why I was psyched to see recent mentions of Ride Report and Open Sesame in Forbes. And even more excited to see this CNN piece featuring Portland startup in-it.
I caught this news yesterday and I was like, “Yup. Typical Panic.” Typical Panic in the fact that the revered and award winning software developer had done something interesting again. Something quirky and slightly weird. Something that no one knew they needed. And the market was responding. Extremely positively.
Stick with me here. Long story short, this is a good Portland story. So there’s that. But it may get a little twisty and turny. Let’s see… where shall we begin…?
Portland startup Streem, itself the second chapter for a founder who went through an acquisition with his company ONtheGO Platforms, today announced that they are acquiring Selerio, a London startup focused on the AR space.
While the term unicorn has lost a bit of its luster as of late, it’s still an impressive milestone for any company to achieve a $1 billion valuation, but especially for a northwest company to do so. That’s why it was interesting to see Portland Seed Fund portfolio company Auth0 announce its Series E raise, which officially gives it the unicorn moniker.