Over at Silicon Florist, Rick Turoczy writes that in a town of makers like Portland, Upstart Labs has taken a new approach to creating the next generation of PDX business.
And they’ve done it by eschewing the typical “spray and pray” shotgun approach investment strategy that drives many early stage investors. Choosing instead to focus on a startup or two at a time. Taking good raw ideas and technology and honing it—by providing funding and augmenting existing staff—to take companies to market in a way that’s more appealing to investors. They also feel they’re filling a much needed gap between existing accelerators like OTBC, PIE, and Portland Seed Fund and larger funding mechanisms like Oregon Angel Fund.
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