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.
It’s pretty common practice to have folks from the north and south visit Oregon. And in recent years, it’s even become common for capital to flow into the state from investors in those neighboring states. But it’s still rare to see Oregon investors expand to other regions. But that’s exactly what Seven Peaks Ventures is doing.
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.
It’s no secret that there’s a limited number of investors in Oregon. Which means there’s not a lot of crossover between the startup investment community—unless folks are raising. But there aren’t a lot of conversations, information sharing, or mutual understanding. It’s often just checks—or lack thereof. That’s why it’s always nice to hear from the investors, firsthand, about their world and what sort of things they’re looking for. Read More