|| Print ||
|Monday, June 22, 2009|
An open source software company called Reductive Labs is coming to Portland with $2 million in venture capital and plans to create 10 jobs in the immediate future. The jobs are welcome, as is the trend behind them.
Reductive Labs specializes in open source software. Its main product, Puppet, helps organizations manage their networks. And according to Mike Rogoway’s Silicon Forest blog, the founders are a pair of Reed graduates who couldn’t wait to set up shop in Portland.
Which brings me to the trend. Portland has been hyped for some time as a Mecca of sorts for innovations with open source software, which has the advantage of releasing individuals and companies from the bonds of constantly paying for the latest Microsoft update. Most famously, Linus Torvalds, the great Linux guru, lives and works here. Oregon’s independent streak and open source software are a natural fit, and there are plenty of smart people out there passionate about putting it to work for the greater good. But for all the hype around open source and the mystique regarding Torvalds, real companies creating real jobs have been slow to develop.
That may be changing. And that trend could merge quite nicely with a broader one. I’m talking about the counter-cyclical success that dozens of small-to-medium Portland-area tech firms are experiencing. Scroll down the Portland Business Journal’s list of the fastest growing private companies, and you’ll find plenty of tech companies with 20 or 30 employees steadily creating jobs. Some of them, such as Monsoon, ID Experts and Smarsh, are growing like crazy, handing out bonuses rather than pink slips.
Money isn’t exactly pouring into Oregon’s small tech companies given the state of financial markets. But it’s worth emphasizing that Reductive’s money came from investors, rather than taxpayers. That makes the deal even sweeter.
|The 100 Best Nonprofits to Work for in Oregon 2014|
|A Recipe for Success|
|Verizon posts higher Q3 revenue|
|Oscar Pistorius sentenced to 5 years in prison|
|IBM to pay Globalfoundries to take chip unit|
|Spotify introduces family plan|
|GE profit rises 11%|
|Google profits slide 5%|
|HBO to launch streaming service|
Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
Finding a health insurance plan that makes both financial sense for the bottom line and provides choice for plan participants is a huge challenge for employers.
The right financing at the right time is critical for small businesses to succeed.
Among Oregon universities, Oregon Tech is special in the way it incorporates applied research into the curricula of every department.
More than 400 "Change Makers" will gather to invest in a socially sustainable community.