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.Read More
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.Read More
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.Read More
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.
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.
You’re busy. You’re building a company. You’re improving community. You’re doing things that have impact. But unfortunately, more often than not, that means that time and money are in short supply. So when you are presented with an amazing opportunity to spend some time among your peers but the price point or time commitment are difficult to defend, it’s totally understandable. And the folks at DazzleCon clearly get that.
If you’ve ever had the misfortune of being stuck in a room where I’m on a panel talking about Portland as a city and community, you’ve probably heard me mention Portland’s “ridiculous decisions.” And bemoaning the fact that we don’t seem to be making those decisions as often—or as boldly—as we did in the past.
There’s a lot of hiring in the Portland area as of late. And happily, a lot of it is happening in bulk—with a number of companies advertising multiple positions.
And if you’ve been thinking of moving to Portland, there’s no better time of year. Read More