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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.”
Wednesday, August 19, 2015
BY LINDA WESTON
In 1996, after a 17-year career in the destination marketing industry, where I gained national standing as the CEO of the Convention & Visitors Association of Lane County, I was recruited by the founders of a new professional basketball league for women. The American Basketball League (ABL) hoped to leverage the success of the 1996 USA women’s national team at the Atlanta Olympics — much like USA Soccer is now leveraging the U.S. Women’s National Team’s victory in the World Cup. The ABL wanted a team in Portland, and they wanted me to be its general manager.
Wednesday, September 30, 2015
BY LINDA BAKER | EDITOR
The media coverage about Pope Francis must have put me in a Biblical frame of mind. Because after touring the latest phase of the South Waterfront development, a mind boggling 1.5 million square feet of office and retail space that will spring up north of the aerial tram over the next few years, I couldn’t stop thinking about the massive project as a modern day creation story.
Thursday, October 08, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Based on several metrics, Oregon has one of the lowest performing K-12 education systems in the country. Teacher compensation is part of the problem.
Wednesday, August 19, 2015
BY JACOB PALMER
Live, Work, Play wit the CEO of Ruby Receptionists.
Wednesday, September 16, 2015
BY GREGG LEWIS | OP-ED
The issue of green-washing remains a significant challenge to those of us who would like to see the building sector in this country do more than make unverifiable claims of sustainability. Transparency about the impacts of a given material is the only way to allow designers to make intelligent choices when selecting building products.
Thursday, August 27, 2015
BY LINDA BAKER
How do you put a baby on the cover of a business magazine without it looking too cutesy?
Wednesday, August 19, 2015
BY CHRIS NOBLE
Oregon is home to an abundance of gritty warehouses reborn as trendy office spaces, as well as crafty hipsters turned entrepreneurs. Does the combination yield an equally bounteous office products sector? Not so much. Occupying the limited desk jockey space are Field Notes, a spinoff of Portland’s Draplin Design Company, and Schuttenworks, known for whittling Apple device stands. For a full complement of keyboard trays, docking stations and mouse pads, check out the GroveMade line, guaranteed to boost the cachet of even the lowliest cubicle drone.
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