Seed synergy

| Print |  Email
Articles - November 2011
Wednesday, October 19, 2011
Article Index
Seed synergy
Page 2
Page 3
Page 4
Page 5
Page 6

By Ben Jacklet

1111_SeedSynergy_01
Above: From left: Portland Seed Fund entrepreneurs include Tim Shields of Zinofile, Ken Levy of 4-Tell, Daniel Clancey of Homeschool Snowboarding, Sheetal Dube of AudioName, Jason Lander of Hively, Amber Case of Geoloqi and Nathan Taggart of LaunchSide.
Below: Angela Jackson and Jim Huston run the Portland Seed Fund. Huston says the quality of the seed fund applicants has surpassed his expectations.
// Photos by Anthony Pidgeon
1111_SeedSynergy_04

Two weeks after becoming one of the first companies to receive startup money from the Portland Seed Fund, the 27-year-old co-founders of InvestorInMe sat down with their backers with some difficult news. The regulatory issues involved with their would-be business were proving more burdensome than they had realized. The company they had pitched, partly funded with public money, was dead on arrival.

The fund managers, serial entrepreneur and angel investor Angela Jackson and Intel Capital veteran Jim Huston, did not chastise the young entrepreneurs for failing to research the regulations more thoroughly. They did not kick themselves for lack of due diligence. Rather they applauded the youngsters for recognizing and admitting to the problem early, before wasting too much time. Then they got started on developing a backup idea, a website to connect technology startups with early adopters to test their technologies in return for free access.

The size of the investment for each company backed by the seed fund, $25,000, seems minor. But it can give a major boost to a young team like Nathan Taggart, Jason Collingwood and Chris Chong, who grew up as best friends in West Linn, started a business out of high school and set off on divergent careers with the expectation of reuniting to launch another company. When their InvestorInMe launch fizzled, they had a list of 40 other ideas to choose from. Several 60-plus-hour work weeks later, their new site, LaunchSide, was up and running. Its first offerings promote early access to other websites supported by the seed fund.

 



 

More Articles

College Hacker

September 2014
Wednesday, August 27, 2014
BY KLINT FINLEY

Treehouse CEO Ryan Carson builds a 21st-century trade school.


Read more...

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


Read more...

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


Read more...

Oversight? Or gaming the system?

News
Monday, July 14, 2014
AmazonBY VIVIAN MCINERNY | OB BLOGGER

Some people think Amazon’s winking eye logo is starting to look like a hoodwink.


Read more...

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


Read more...

Private liberal arts education: superior outcomes, competitive price

Contributed Blogs
Tuesday, August 26, 2014
0826 thumb collegemoneyBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?


Read more...

Updated: Disrupting innovation

News
Tuesday, July 08, 2014
070814 thumb disputive-innovationBY LINDA BAKER  | OB EDITOR

The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation  — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment. 

Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS