Sorry, this one kinda snuck up on me. Portland Seed Fund regularly takes the opportunity to invite a bunch of startups to come hang out and practice their pitches to the PSF partners. This time, it’s taking place at the Portland State Business Accelerator.
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 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.
Last night, the Technology Association of Oregon (TAO) held their annual Oregon Tech Awards celebration gala, their biggest event of the year. (Coincidentally, GeekWire held their big Seattle tech awards last night, too.) And the Portland startup community was well represented.
I’ve been talking to a lot of people lately about broadening the spectrum of Silicon Florist coverage. To cover more than just tech. Because there is all kinds of interesting stuff going on around here. And some recent news seemed like the perfect excuse to start doing that. You see, Portland Seed Fund and Starve Ups alum Sightbox has been acquired by Johnson & Johnson.
Over the past ten years, we’ve seen a change in venture capital in Oregon. Previously dominant VCs have stopped investing or become less active while a series of new players have entered the market. And outside investment—folks from other states who have invested in Oregon companies—has definitely seen an upswing. But who are the new leaders in VC in Oregon startups—and are they local? PitchBook crunched some numbers for us.
Early stage activity in town has quieted a bit. Not really calmed down. Just quieted down. That’s why it’s always nice to see some folks making some noise. And showing investors what’s going on in town. Which is exactly what the Portland Seed Fund is doing today with their latest class—which includes six local tech companies. Read More
Running a startup is a lesson in always defending what you’re doing. Always selling the concept. And always trying to get other people to appreciate the value and potential of your brilliance. You’re just always pitching. And refining that pitch. It’s not easy. And that’s why the Portland Seed Fund thinks your pitch is worth a beer. Read More
As we become more and more dependent on technology, we have become increasingly worried about single points of failure. That issue where one particular component of your technology stack can hiccup and the whole house of cards comes tumbling down. So we have redundancy. And fail over. And load balancing. But there remains one incredibly critical single point for most everyone: our Internet connections. Read More
It’s always nice to see startups getting the support they need from local resources. And that’s why I’m always pleased to see a whole new crop of startups graduating from the Portland Seed Fund. This latest class—the sixth class for the program—presented to a group a local investors, yesterday. Read More