|| Print ||
|Articles - September 2012|
|Monday, August 27, 2012|
Page 3 of 5
Making the case for investment
A founder of Handyman Online, Eric Doebele, who splits his time between Seattle and Portland, has invested in numerous tech startups, including Cloudability, Paydici and SweetSpot Diabetes. But when Devon Lyon, Doebele’s old painting buddy, approached him about investing in the Angel Punk project — Lyon is writer and director — Doebele was, initially, less than enthusiastic. “Film financing is a very unique beast,” says Doebele.
Oregon has spent the past decade nurturing a software and tech ecosystem that includes angel investors willing to take a risk on high-tech startups. Today, as independent filmmakers become more entrepreneurial, industry insiders hope to grow their own pool of angel investors. It’s not an easy task. Portland may be moving up the professional ladder, but, says Todd Freeman, “a lot of PDX is still seen as a sort of art-film community” and not for serious investors “who look at it as profit.”
Finding Oregon-based investors is an even tougher job, says Angel Punk writer Kevin Curry, who is relying on leads from New York and L.A. to help raise about $2 million to jump-start the film portion of Angel Punk. “In Oregon, people aren’t used to that funding model.”
Investors aren’t the only private-sector nut to crack. To help fund a three-picture deal (Execution Point, Titanium Man and The Contract), Cheezy Flicks’ Sean Skelding approached three different Oregon banks for a loan. He was met with the equivalent of a blank stare. “In L.A. and New York, banks do this every day,” says Skelding, who secured financing for his next movie, Deal Breaker, from a Southern California institution. Oregon has great scenery and great talent, says Skelding. But pushing the industry to the next level — and keeping Oregon talent from decamping to L.A. — will require getting banks and investors onboard.
To help make that happen, OMPA is one of several entities tossing around the idea of creating a $100 million film fund, a public-private endeavor that would allow Oregon filmmakers to produce bigger, more profitable movies. Doebele has a more modest proposal: education and solid business planning. “If producers can figure out ways to structure the investment, protect equity investors from the downside risk, then explain it to them in a way that makes sense — that’s really important,” he says.
In the end, the Relium team did just that — separating out the funding stream for the film and transmedia elements and courting tech investors who might be attracted to the project’s multimedia sensibilities. Doebele, for one, was sold. So far he has invested $100,000 in the project. “It is a fantastic business model,” he says.
Thursday, June 12, 2014
BY ANDREA DURBIN | OB GUEST BLOGGER
Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Friday, May 30, 2014
BY DEBRA RINGOLD | OB GUEST CONTRIBUTOR
Since 1970 the performance of our public education system has steadily deteriorated.
Thursday, May 29, 2014
BY COURTNEY SHERWOOD
Business and civic leaders weigh the risks and rewards of going green.
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
|The Private 150: Bigger But Leaner|
|The Perfect Food|
|Powerlist: Staffing Firms|
|Taxis Uber Alles?|
|Facebook revenue surges 61%|
|Walmart unexpectedly fires CEO|
|GM profit declines 80%|
|Study: Dogs can feel jealousy|
|Boeing profit surges 52%|
|Apple: iPhone sales jump|
|Comcast profit rises 15%|
Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.
From its first-ever member forum, to upcoming Board elections, the Oregon-based, non-profit health organization is focused on letting members control their healthcare destiny.