Inc. (USA) - - LAUNCH -

Port­landers are fiercely loyal to lo­cal busi­nesses, some­times go­ing so far as boy­cotting them when they sell out to big­ger, out-of-town com­pa­nies. Even be­fore cof­fee roaster Stump­town sold to Peet’s in 2015, many lo­cals opted to get their sin­gle-ori­gin brew else­where after learn­ing that pri­vate eq­uity firm TSG Con­sumer Part­ners snapped up a ma­jor­ity stake in 2011.

While there are lots of an­gel in­vestors and seed in­vest­ing out­fits in Port­land, there’s very lit­tle VC money. “It’s forced com­pa­nies to be very cap­i­tal ef­fi­cient,” says Port­land Seed Fund’s An­gela Jack­son. “Peo­ple have to learn how to get on a plane and be com­pet­i­tive.”

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