How Can Portland VCs? Pittsburgh?

How Can Portland VCs? Pittsburgh?

TechCrunch has been running a series on their TV “network” called “Ask a VC”.  There have been some interesting discussions, but I think the most interesting one to date for our purposes was David Hornik.  Hornik has had quite a bit of success in silicon valley, but he was asked how Portland could begin to grow as a startup community.  I know what you’re thinking, Portland isn’t exactly Silicon Valley or NYC; well, neither are we.  So I find the reasons the question and the response interesting.  I’ve listed the two most salient points on the location of an investment below, but I do encourage watching the video.

  • He likes to be able to help the companies he invests in by introducing them to engineers and other resources, something he could only really do within his sphere.  This is particularly true of very early stage investments.
  • He also takes a stance (widely held) that the most important type of VC investment to establish is the local variety, particularly early stage.  Once you have local, early stage investments.  This “primes the pump” for both outside investments and new VC firms.