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|Articles - December 2010|
|Wednesday, November 17, 2010|
Page 6 of 6Opportunity on the digital frontier
As much opportunity as there is in the buying of technology, there may be more in pushing technology forward. Businesses that devise new ways to do basic things more efficiently and with fewer headaches can grow very quickly in this environment.
For example, consider the work of systems administrators who oversee hundreds or thousands of machines at once. Portland startup Puppet Labs, one of the fastest-growing companies in Oregon, has developed a system to automate data center management, freeing up systems administrators to focus on work with more strategic importance to the organization. Founder and CEO Luke Kanies wrote the code for Puppet with a “fanatical focus on ease of use,” creating an open-source platform upon which software developers can share improvements and build applications.
The market potential for Puppet is huge. Tech giants such as Google and Amazon profit from data center management, but for most other companies it is a hassle and an expense. Kanies pitches Puppet as a means to free up a company’s technologists to do important rather than menial work, comparing it to the historic shifts from telephone operators to automated systems that improved service and offered more advanced opportunities in the industry.
Kanies positioned the Puppet brand as a frequent speaker at international open-source conferences and moved to build the company in Portland with $7 million in venture capital. Over the past year he has built the company from nine employees to 25, and he intends to grow to 50 next year. Already Puppet Labs has outgrown its funky Old Town office and is in the process of moving into 9,000 square feet on the top floor of a building on NW Park Avenue that will soon bear the company’s name.
As CEO of a rapidly growing technology company with big investments propelling it forward, Kanies has a different view of the real estate market from other business leaders. The low-rent, long-term lease is less appealing to him because a seven- to 10-year lease requires information about the future that is fairly unknowable at this stage. “Either I’ll be out of business in seven years,” says Kanies, “or we’ll be 700 employees.”
It goes without saying which of those options he would prefer. Like Jive Software before him, Kanies is trying to prove that the rapid-growth, investor-backed tech model can work in Portland and resist the gravitational pull of California (Jive recently moved its headquarters to the Bay Area but maintains a major presence in Portland). “I want to stay CEO and I want to stay in Portland,” says Kanies. “But we have to perform. That’s what it comes down to.”
In his view, the opportunity for innovation in the digital space is “unlimited.”
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Tuesday, July 08, 2014
BY 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.
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
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