PayRange CEO Paresh Patel

Startup Spotlight: PayRange announces $2.7M round from PayPal co-founder, ex-Google Payments boss

PayRange, a startup that allows vending machines to receive smartphone payments, today confirmed a $2.75 million round and announced notable investors like former Google Payments head Osama Bedier and PayPal co-founder Max Levchin. We noted the fresh funding last month, but now the Portland-based company has revealed its investors, which include people like Bedier, Levchin, former Visa… Read More

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Chart: Venture capitalists are once again seeing solid returns (and beating Wall Street)

The high-risk, high-reward game of venture capital appears to be paying dividends again. After a long dry spell in which investors were better off putting money into public stocks, venture capitalists are now beating their public market compatriots. Venture capital fund performance improved in nearly every time period for the quarter ended March 31, with… Read More

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Charts: The growth of venture capital in the Pacific NW

The Pacific Northwest may be home to Microsoft, Expedia and Amazon.com. But the region’s startup ecosystem is growing in size, according to a report released today by CB Insights. “Over the past five years, total funding to the Pac-NW has doubled, seed funding has grown, and top tech acquirers have been actively buying in the… Read More

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Shrinkage: Number of VC professionals plummets 60% in past 10 years, funds decline 25%

The venture capital business — which many have proclaimed is fundamentally broken — continues to contract amid changes in how capital is deployed to startup companies. The latest evidence comes via the National Venture Capital Association’s annual Yearbook, which shows a 25 percent drop over the past 10 years in the number of venture funds…. Read More

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ComiXology investor Columbia Pacific announces $100M late-stage tech fund

There’s a little more money floating around for later-stage technology companies in the Pacific Northwest. Seattle-based Columbia Pacific today is formally announcing a $100 million fund, led by two long-time technology investors, former investment director at Intel Capital Jeff Schrock and former Comerica Bank vice president Kevin Barber. To date, the fund — which was formed… Read More

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Study: Ugly men have a tougher time raising venture capital

When it comes to raising cash, you’re better off looking a bit like Brad Pitt or David Beckham. A new study out from researchers at MIT, Harvard and the University of Pennsylvania indicates that men who are less physically attractive have a much harder time raising money. It also indicates that women have a harder… Read More

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Seattle vs. Denver: Who is the winner of the startup bowl?

Oh, the mountains; the music; and the marijuana. Seattle and Denver — the two crunchy Western cities — share a lot in common. (Though, we’re smarter and richer here on the Puget Sound). And now these two up-and-comers are facing off in the Super Bowl — or as some have dubbed it “The Bong Bowl.” We’ve… Read More

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The rich get richer: VC dollars concentrate in top funds

Well, it’s the same old story in the venture capital business. The dominant big funds keep gaining momentum, while the smaller, lesser known funds struggle to raise money. According to a report out today by Thomson Reuters and the National Venture Capital Association, a total of 48 funds raised $4.9 billion during the fourth quarter…. Read More

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Still recovering from ‘painful’ Webvan deal, Sequoia bets again on grocery delivery with $8.5M Instacart investment

You know what they say about history: “Those who don’t know history are doomed to repeat it.” Well, let’s hope that Sequoia Capital — one of the biggest backers of dot-com poster child Webvan — have learned from past mistakes. Today, the Silicon Valley venture capital firm emerged as the lead investor in Instacart. The San Francisco… Read More

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Tips: How to ask strangers for large sums of money

Seattle is a hotbed of business happy hours — those awkward events designed for introducing people whose only known shared interest is that they’d rather be home watching Downton Abbey. It’s hard to find meaningful connection in a room teeming with stunted introductions and feigned interest. But one noted exception are the events hosted by Zealyst,… Read More

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You did what? Why we chose debt over venture capital

If you’re an entrepreneur, there’s a good chance that many of your conversations — and a good chunk of your inner dialogue — are consumed by thoughts of fundraising. You can’t open a web browser or email or Twitter without being bombarded by opinion pieces, research, case studies, and news on the topic. On this… Read More

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Proof of concept: Majority of angel investments made in revenue producing startups

Angel investors historically have placed bets at the earliest stages of a company’s formation, oftentimes when the business is nothing more than an idea on the back of a napkin. But as the venture capital marketplace shifts, so is angel investing. According to a new report out today from The Angel Resource Institute, Silicon Valley Bank and CB Insights,… Read More

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Chart: The ‘Series A Crunch’ is alive and well

A lot has been written in recent weeks about the so-called “Series A Crunch” — the idea that many of the companies raising seed-rounds won’t be able to attract that ever-so-important next round of capital. Now, here’s a chart from Pitchbook which shows what is occurring. As you’ll see above, the number of seed-stage/angel deals… Read More

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Energy storage upstart EnerG2 scores new cash

EnerG2, a manufacturer of carbon materials which are used in next-generation energy storage systems such as lead acid batteries, ultracapacitors and lithium ion batteries, has raised $9.3 million in financing, according to a SEC filing. “Our investors have seen the successful transition EnerG2 has made from its roots as an energy storage R&D company to… Read More