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|Articles - February 2011|
|Thursday, January 27, 2011|
Page 6 of 7
It hasn’t been the best of times to launch an experiment in funding young companies.
Rosenfeld and Pozzo say the hardest year to convince investors to stick with the fund was early 2009, when the stock market was crashing. Since then the group has added a number of younger entrepreneurs who have done well with technology startups. Nearly all of the investors from 2010 elected to re-invest in 2011.
Those investors are also likely to be invited to participate in the Portland Seed Fund, which launches this year, offering smaller amounts of money ($25,000-$100,000) to startups. The new seed fund may compete for local investor resources, but it could also improve the supply of hungry young companies with solid business plans. The Portland Development Commission has invested $500,000 in the seed fund, and the state has committed to investing another half million if the fund can raise $2 million elsewhere.
With capital finally flowing again and the economy slowly recovering, other new opportunities for burgeoning businesses should follow. The thawing of credit, at least in the venture capital arena, has already begun. Rosenfeld notes that with nearly $300 million in new investments, 2010 was the best year for raising venture capital in Oregon since Capybara began tracking investments seven years ago. “The mood is better,” he says. “People have more confidence.”
He’s looking forward to a fresh new crop of deals in 2011. “It’s one of the best feelings in the world,” he says, “when someone comes in with a business plan and you play a small role as a financial catalyst in helping them achieve their dreams. You see them two or three years later and they’ve got a team of great people and a beautiful office and happy customers. That’s what it’s all about.”
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BY JOE CORTRIGHT | OB CONTRIBUTOR
"Shipping containers to Portland is like waiting for a bus that travels once a day."
Friday, March 27, 2015
BY AMY MILSHTEIN
Damian Smith bets on changing himself — and Portland — through consulting.
Thursday, March 19, 2015
BY DAN COOK | Photos by Jason E. Kaplan
An alliance of developers, academics and timber industry executives wants to position Oregon as a front runner in the glamorous new world of wooden skyscrapers.
Tuesday, February 24, 2015
BY KIM MOORE | OB RESEARCH EDITOR
A partnership of a grassroots environmental organization and a youth group is striving to build community and business support for carbon price legislation.
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BY OB STAFF
New events series brings magazine to life.
Friday, March 27, 2015
BY ROBERT MULLIN
A new energy-sharing agreement sparks concerns about independence and collaboration in the region's utility industry.
Tuesday, March 31, 2015
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inDinero, a business that manages back-office accounting for startups and smaller companies, recently announced it would relocate its headquarters from San Francisco to Portland. We talked to CEO Jessica Mah about what drew her to Portland and how she plans to disrupt the traditional CPA model.
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A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
Providing attendees with unique taste of the Northwest Reception.
CFM Strategic Communications turns 25 this year and is celebrating with a revamped website, special events for firm alumni and clients, a special-label wine and a list of 25 stories about its client work over the past quarter century.
The Atkinson Graduate School of Management at Willamette University has maintained its business accreditation by AACSB International—The Association to Advance Collegiate Schools of Business.