Portland, Oregon, startup news, open source, and tech news, jobs, and events #pdx
It remains to be seen whether our post pandemic world will redefine the concept of corporate headquarters. That is, as a mentor of mine recently asked: in a remote first world, does the concept of a company being “a Portland company” even exist anymore…?
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Cannabis has always been big in Oregon. Now, cannabis tech is showing it has similar potential. Like Bend startup — and definitely unicorn — Dutchie, which just raised $350 million, placing its current valuation in the $3.75 billion range.
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While the name Vizify might not be familiar to more recent transplants, it definitely rings a bell for folks who have been in the Portland startup community for a bit. An early investment for the then new Portland Seed Fund, Vizify was one of the first local companies to be selected to participate in a Techstars cohort. And apparently, that selection put them in rare company.
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If this rumor proves true, the next IPO in Oregon probably won’t be what you think. It’s not a Portland company. And it’s not a tech company. It’s Grants Pass, Oregon, headquartered Dutch Bros. And, if they follow through, it’s rumored to value the company at $3 billion.
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Innovyze isn’t exactly a startup anymore. But when local companies get acquired by Autodesk for $1 billion in cash, it seems like news in which people would be interested.
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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.
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Going into the long weekend, I thought you could use some longer form stuff to read. And clearly, I’m never going to find the time to write it. So I’m going to give you someone else’s content. Like Willamette Week which just published a cover story on the current state of Oregon startups and the infrastructure that seeks to support them.
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.
If you’ve been following the recent news and the response to that news, you’ve no doubt got a few questions of your own about Zebras vs Unicorns and the whole Zebra movement. Well, if you’ve got a few minutes to join a webinar, you can get those questions answered firsthand, today.
Yes. $200 million. For a Portland startup. It’s really really easy to blanche at that number. I get it. It’s a big number. Especially for a homegrown Portland company in the software world. And were this earlier in the life of Silicon Florist, I could have easily focused on the number, cheered for a company raising that much, and moved along my merry little way.