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Portland Seed Fund names managers Jim Huston and Angela Jackson

The Portland Development Commission has chosen a veteran venture capitalist and Portland business consultant to manage the Portland Seed Fund, an investment pool deploying $500,000 of city money to help launch startups.

The money won’t start flowing right away, though.

Mayor Sam Adams announced plans for the fund last winter, hoping to nurture software entrepreneurs and other business clusters the city considers key to long-term economic growth.

The goal is to fund ideas at their earliest stage, cultivate young companies with mentorship as well as money, and then focus on the most promising businesses in conjunction with other investors.

"Invest early, invest small and triage quickly," said Jim Huston, formerly with Intel Capital, now a director with Blueprint Ventures. He will manage the Portland Seed Fund with startup consultant Angela Jackson in a newly formed company called JH Ventures.

Mike Rogoway, The Oregonian

Full Story: http://blog.oregonlive.com/siliconforest/2010/08/portland_seed_fund_names_manag.html

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