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Portland Seed Fund readies second act

June 25, 2013 /

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The Portland Seed Fund http://portlandseedfund.com/ is readying a sequel.

The two-year-old investment vehicle, which backs promising ideas at their earliest stage, plans to launch a second, larger edition this fall. It would offer more financial "runway" to startups as they move from intriguing concepts into plausible businesses.

The Portland Development Commission votes Wednesday on granting $500,000 from the city’s general fund for the investment fund’s second act, plus $75,000 to help establish a new intermediary to handle the money and manage any proceeds.

By Mike Rogoway, The Oregonian

Full Story: http://www.oregonlive.com/silicon-forest/index.ssf/2013/06/portland_seed_fund_readies_sec.html#incart_river

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