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|Articles - August 2010|
|Wednesday, July 21, 2010|
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THE NEW DEAL
STORY BY BEN JACKLET // PHOTOS BY ANTHONY PIDGEON
Eric Doebele timed his first major exit nicely.
Doebele and his informal partners in this quest — Josh Friedman and Mark Grimes of NedSpace, John Friess of Starve Ups, Nitin Khanna of MergerTech, and Ryan Buchanan of the Software Association of Oregon, just to name a few — make a lively team. They spend a lot of time at the Backspace Café in Portland’s Old Town, a quirky establishment with abstract art on the walls, video game terminals and vegan baked goods on the menu, and whether it’s a result of all the caffeine or their inherent enthusiasm for ideas and action, they tend to speak extremely quickly and cover a great deal of philosophical territory in their discussions. They are the sorts of interview subjects who can barely wait for the question to finish before letting loose with an answer. Their discourse ventures far and wide, but strong themes rise to the top: the power of collaboration, the importance of peer mentoring and the need for more entrepreneurial support in Oregon.
Perhaps more important than their shared traits and ideas are their shared experiences, of starting a business from nothing, building it into something of value, and, if and when it becomes possible, selling it at the best price, to begin the cycle again, from a position of greater power. They dove into the technology sector during a time of great opportunity, survived the Internet crash one way or another, and have survived the Great Recession as well. They’ve learned how to do a lot with a little bit of money, but they also recognize the importance of fast money, delivered early in the process when the entrepreneur needs it most.
Oregon has never been known for fast money. Compared to robust West Coast startup scenes in Seattle and San Francisco, Portland’s has suffered from lack of capital and aversion to risk. Relatively few venture capital funds operate here, and individual “angel” investors are understandably cautious about pouring their savings into unproven enterprises. Fewer risks mean fewer rewards, fewer millionaires pouring their newfound wealth back into the economy by launching new enterprises or supporting fellow entrepreneurs.
The problem is long-standing and well known. What to do about it?
One idea espoused by Friedman and Grimes of NedSpace involves setting up an aggressive new seed fund supported by the City of Portland to finance multiple early- stage businesses quickly and systematically. Another idea, articulated by Khanna, involves building local startups into acquisition targets and setting ambitious goals for dramatic payouts. Yet another idea, embraced by Friess and the Starve Ups crew, involves collaboration between the founders of local technology businesses and an almost Masonic dedication to a cycle of creating businesses, growing them, selling them for maximum reward, investing those rewards and creating again.
Taken as a whole, their ideas add up to a compelling master plan for reinvigorating the startup scene — and the economy.
Tuesday, February 25, 2014
BY LINDA BAKER
An intellectual property attorney by day, 48-year-old Stoll Berne attorney Tim DeJong is a singer and guitarist by night.
Friday, March 21, 2014
TOM COX | OB BLOGGER
During a recent talk to HR Directors, I asked if they saw leaders trying to solve every problem, instead of delegating to and empowering staff. Every head nodded. Every single one.
Thursday, March 27, 2014
BY MARY SPILDE | OP-ED CONTRIBUTOR
Community college career, technical and workforce programs present an opportunity to bring business and education together as never before.
Monday, March 03, 2014
Check out interviews with employees from some of the 100 Best Companies to Work For in Oregon winners and find out what makes their company a great place to work.
Friday, March 14, 2014
BY TOM COX | OB BLOGGER
Five books that will make you a better leader.
Friday, April 11, 2014
TOM COX | OB BLOGGER
The auto industry is starting to share more costs across manufacturers for complex and challenging design work, like new transmission design, and certain new engine technologies. What we’re not yet seeing is wholesale outsourcing of “unavoidable waste” components to specialist companies.
Tuesday, February 25, 2014
BY BRANDON SAWYER
Sales of small businesses surged in 2013 according to the biggest Internet marketplace of such transactions, BizBuySell, increasing to 7,056 reported sales, a 24% increase over 2012, when they dropped 7%. Portland Metro sales tracked by the site grew 9% to 73, capping three years of solid growth. On top of that, Portland’s median sale price jumped 67% to $250K, versus just 13% to $180K nationally. Portland was one of just six metros tracked where the median sale price matched the median asking price, with sellers getting, on average, 92% of what they asked.
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Living in the beautiful Pacific Northwest means enjoying our wonderful surroundings, while remaining aware of the multiple types of natural disaster threats that we face: winter storms, windstorms, floods, landslides, earthquakes, volcanoes and tsunamis.“
Oregon State University's hospitality degree program invests in next-generation leaders.
On Saturday, April 26, more than 1,900 local Comcast employees and their families, friends and community partners will “make change happen” as they volunteer to improve schools and nonprofits in Oregon and Southwest Washington as part of Comcast’s 13th Comcast Cares Day.
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Samuel Hernandez, an Associate at Barran Liebman, is the recipient of a 2014 Oregon State Bar Litigation Section Rising Litigator Award.