Startup and tech news, jobs, and events in Portland and Oregon
If you’ve been around the Portland startup community for any amount of time, you realize that many of the startups in our midst generally have a significant period of time between their founding date and when they experience a liquidity event like acquisition or private equity. (Or I guess there’s always on IPO. But seriously, who am I kidding?) Suffice it to say, “overnight success” is not a term that has much traction here.
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We’ve seen it time and time again. The next big thing. Web, open source, cloud, mobile… And time and time again, Portland, with its early adopter culture, has been at the forefront of nascent industries, patiently waiting for their markets to form. I’ve been waiting to see what the next big thing might be. And with today’s news from RealWear, I’m inclined to think augmented reality may be the next industry that Portland is known for.
It’s rare to see Portland startups bubbling to the top of national lists. Let alone global lists. So it was really nice to see that one of our local companies had been highlighted by Crunchbase as one of the 50 hot tech companies for 2019. Coming in at #2 on the Crunchbase list is Portland augmented reality startup Streem.
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.
One of the things that has defined the maturity of the Portland startup community has been a notable lack of serial founders, folks who have had the experience of building and exiting from a company who then take the opportunity to build their next company. Slowly but surely, that’s starting to change. Take, for example, Portland startup Streem.