I’ve been told over and over that Oregon is drying up for venture capital. Folks in the start up world have to say they’re from Seattle or California to get any attention. And really, with the tax structure here and the bad economy, venture capital–start up seed money for really great business ideas–is tough to get anywhere.
Capital is fluid, it goes where it’s wanted and needed. That’s why on the Wall Street Journal’s list of the top 50 companies receiving venture capital, none is from Oregon. We don’t nurture business and business doesn’t like us back.
To be eligible for the ranking—compiled by research firm VentureSource, a unit of Wall Street Journal owner News Corp.—companies must have received an equity round of financing in the past three years and be valued at less than $1 billion, as the aim is to identify lesser-known contenders. That excludes a number of prominent companies, including Facebook, Twitter and Groupon Inc. Some 5,743 candidates were considered.
Tell ’em where you saw it. Http://www.victoriataft.com
