One of the challenges of the Portland startup community has always been momentum. We sometimes have great—at times even fantastic—startup news, like an exit or a major announcement. But more often than not, that happens as a solitary instance. And then it’s some time before the next major announcement. So it’s rare to have a day like today where both Torch 3D and Vacasa have major news.
Not so long ago, banks were a viable means of financing business. But as the terms of that financing became more inaccessible and onerous, we saw new models arise. One of those models was venture capital. Now—thanks in part to efforts like the Zebra movement—the VC model is beginning to show its own imperfections, inadequacies, and inaccessibility. So it only makes sense that folks would start thinking about new models for financing. One of those folks is Portland’s Luke Kanies, founder and former CEO of Puppet.
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.
Used to be, back in the day, folks would blog. And sometimes, I’d take a snippet of those amazing blog posts and try to raise the volume a little bit. By posting on my own blog. But that doesn’t happen as much these days. Or when it does, it tends to happen on platforms that have their own volume mechanisms. But Portland founder Mara Zepeda just wrote something that I wanted to make sure that you saw. And so I’m trying to raise the volume a bit. Like we used to. Read More
The Portland startup scene wouldn’t be much of scene without the capital to fuel its growth. And over the years, it’s been nice to watch that investment community come together, connect, and collaborate to enable some of our most promising young companies gain the initial footing they need to succeed. That said, it’s been a few years since Portland has seen a new investor enter the fray—Rogue Venture Partners and Seven Peak Ventures are among the most recent. Until now. Meet Elevate Capital. Read More
So it seemed like the perfect time to remind you that Brad Feld and Jason Mendelson of Foundry Group will be chatting with folks tonight about their book, Venture Deals, over at Urban Airship. Read More
So you’re in the midst of founding a startup. Or you’ve got the idea for a startup. Or you’re working for a startup. Whatever the case, you’ve got to be able to pitch your story. To investors. To potential customers. To people on the street. And while practicing the pitch in the mirror is fun and all, you could use some critical feedback. From your peers. Other folks who are pitching too.
Even as Portland startups continue to make waves and land capital, we’ve still got a lot to do to step up to the big leagues. So what does Portland need to do to step up and be among the premier cities for startups?
One thing is for sure. Being attractive to venture capitalists can only help the cause. And ensure that Portland startups have the capital they need to succeed. But how? Well, why not ask a VC? That’s what happened on TechCrunch’s “Ask a VC” last week. Read More
[HTML2]Well, well, well. Seems like today is an Ignite Portland day in more ways than one.
And it also seems that “can’t get funded in Portland” argument continues to spring leaks in 2010. First, Urban Airship found funding. And now Portland-based ShopIgniter—an open source ecommerce platform that’s betting on social media as the next big retail venue—has secured $3 million in venture capital led by Madrona Venture Group. What’s more, it says just as much that former Yahoo! Matt Compton of Madrona was so impressed, he’s decided to join ShopIgniter as the new CEO. Read More