The Oregon Technology Business Center (OTBC) received the highest possible ranking in the Oregon Founder’s Study, a collaborative study performed by the Oregon Entrepreneurial Network (OEN) and Portland State University (PSU) Associate Professor Charla Mathwick.
“Based on that question, OTBC was ranked as one of the top providers of services to the local start-up community,” said Mathwick. "Founders have told me that the best advice for guiding their business often comes from fellow founders.” OTBC was rated among many mentors, but was the only incubator that received top honors, 3 out of a possible 3.
Read the full release at... Read more
Before you Pitch - Understand the JOBS Act
The parts of the Act that went into effect in September of 2013 have a big impact on how you verify whether an prospective investor actually does qualify as an accredited investor. That's just one of the considerations you'll need to understand before making any public pitch.
Lexus Nexus: Demo Days, Pitch Events and the New Reg D
GeekWire: ... Read more
Vivek Manoharan (Odd I/O) was the $1,000 winner, with Shashi Jain (Dongle Kong) winning the $300 runner-up prize.
Four startups were finalists, and they presented their pitches for the $1000 cash prize. They were:
NliteN (Andy Turudic). A cost- effective, LED-based light bulb.
Odd I/O (Vivek Manoharan). A STEM- focused educational device in the form of a sound-controlled robot. ... Read more
As usual, EDCO (Economic Development for Central Oregon) put on a great show at the 2013 Bend Venture Conference. The winner of the $250,000 investment was Nouvola. Ochoco Arms won the Concept stage prize of $10,000. One of the highlights of the show was Dino Vendetti's one hour "Fireside Chat" with serial entrepreneur Steve Blank.
Video of the Fireside Chat will be available soon on the Bend Venture Conference site - but meanwhile, you can hear audio of the interview below - together with my notes. If you're in a hurry, you can... Read more
Register now for the Hardware Pitch Event! We received some exciting applications and are reviewing them now. We're expecting a great collection of very interesting presentations. Join us on October 3 for something different: pitches that involve hardware!
When: Oct. 3, 3pm to 5pm
Location: To be announced
To register, click here.
OTBC graduate Tau Science Corporation announced that it has been awarded a $1 million Department of Energy grant for the continued development of its proprietary FlashQE® technology. Work done through the award will help increase the lifetime and reliability of solar panels while decreasing the cost to consumers.
“The technology provides real-time device characterization in a manufacturing environment that is simply unobtainable by conventional means,” explains Gregory Horner, Chief Technology Officer, “This allows our customers to react quickly to process excursions and maximize the yield of their lines.”
Tau Science is helps accelerate the global adoption of Photovoltaic Solar by providing products which increase device efficiency,... Read more
How many startup incubators and/or accelerators are there in Oregon? Of course, it does depend on how exactly what you mean by incubator and accelerator. The terms are not exactly well defined. Being fairly flexible with the definitions, I count a total of 25 accelerators and incubators in the state.
Are there any that I missed? Check out the full list at this link, and let me know what's missing by posting a comment.
Note: this post was updated with additions that were pointed out in the comments.
A a recent Kauffman Foundation study takes a look at where startup density is increasing - and decreasing. Not surprisingly, Portland-Vancouver-Beaverton moved up from 1990 to 2010. (And it is nice that they included Portland's neighbors Vancouver and Beaverton in the category definition! But I digress...)
Oregon also showed great headway in the small-metro area findings:
As the study notes, Portland-Vancouver-Beaverton's startup activity didn't happen overnight:
A detailed analysis of all the metropolitan areas with high-technology startup densities is
beyond the scope of... Read more
Just prior to pitching to an angel group, an entrepreneur I know got feedback from one of the angels that he might want to reduce his forecast numbers, because they seemed too aggressive to be credible. So what does an entrepreneur do in such a situation?
The challenge, of course, is that different investors will give you different feedback, and you don't necessarily want to change your forecast (or other aspects of your business model) based on the feedback from one investor. The next investor might provide the opposite feedback!
In terms of financial forecasts, in reality, no sane investor will believe that your numbers are right. Your challenge is to convince them the those numbers "could happen", and that your team has a credible chance of making those numbers happen.
So if you have put together a solid, bottoms-up (assumptions based) forecast, and if you have one or two examples of startups in related markets having done as well as your forecast (... Read more