Pioneer Square Labs – Investing More In Seattle

Feld Thoughts

PSL, based in Seattle, is a not a VC firm, accelerator, or incubator, but instead is a startup studio, which is a company that creates companies. PSL was announced today and GeekWire’s conference and there’s an extremely comprehensive post explaining how it works at Top Seattle investors raise $12.5M We have a lot of investments in Seattle. Mattermark, which is based in San Francisco, just opened an office in Seattle.

How VCs Think About Adding New Partners

Both Sides of the Table

After years of trying to persuade Kara Nortman to become a partner at Upfront Ventures I can officially announce now that she’s joined us effective immediately. It is rare to find somebody who matches exactly what I’m looking for in a partner so when you find it you act: Academic rigor (Princeton undergrad, Stanford MBA). People often ask me what VCs look for when we hire partners and many have asked how to become VCs themselves one day.


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Seattle Techstars meetup | Seth Levine

VC Adventure

Ten Steps in Choosing the Right Startup Partner

Startup Professionals Musings

Even experienced entrepreneurs need a partner to strengthen their position. The question is how to find that elusive perfect-fit partner. First, I will admit there is no magic formula here, just like in real life when trying to find a relationship partner. But from my own experience, and input from others, there are useful approaches that will improve your odds of success: Define the ideal partner. Join online “dating” sites for business partners.

Upfront Ventures Adds Hamet Watt as New Investment Partner

Both Sides of the Table

I am thrilled to announce that we have added Hamet Watt as a Partner at Upfront Ventures. But as sweet as that success has been (we invested pre-revenue in a small team) today my even more important news was the further expansion of our partner ranks. For starters they has asked him to hire a CEO (Hamet was a first timer) and that person lived in Seattle even though NextMedium was based in LA. We have been on a drive to add more operational partners.

Team Up Right: Three Tips To Pick The Perfect Partner


by Whitney Keyes , author of “ Propel: Five Ways to Amp Up Your Marketing and Accelerate Business “ In the United States, one thing the city of Seattle, WA, is best known for is its coffee, but there’s an innovative partnership happening around another source of caffeine and that’s the cocoa bean. What to look for in a partner. When it comes to partnering, try to identify someone or some organization “outside” of your business.

Julie Sandler Joins Pioneer Square Labs As A Managing Director

Feld Thoughts

We led the financing, and I joined the board to work more closely with Greg Gottesman, Geoff Entress, Mike Galgon, and Ben Gilbert to build a long-lasting and enduring startup studio in Seattle. Julie previously was a partner at Madrona Venture Group and is deeply involved in the Seattle startup community. She has also been a leading voice for women in technology as a founding member of the Seattle Entrepreneurial Women’s Network and Startup Weekend Women’s Edition.

Out of the Crisis #12: Curative founder Fred Turner and Celine Halioua on diagnostic supply chains, scaling up testing, and partnering with government

Startup Lessons Learned

I had a fever, had a really strong headache, and this was when the first cases in Seattle were happening. We were just sitting in my stairwell and talking about what was about to come and what was happening in Seattle and the entire retirement home basically being wiped out and what was already happening in China, and just quickly realizing that, if I had it or if other people had it, then probably the transmission had already gone a lot further than anyone realized.

For a Startup, Two Heads are Always Better Than One

Startup Professionals Musings

Even experienced entrepreneurs need a partner to back up each other and improve fundability. The question is how to find that elusive perfect-fit partner. First, I will admit there is no magic formula here, just like in real life when trying to find a relationship partner. But from my own experience, and input from others, there are useful approaches that will improve your odds of success: Define the ideal partner. Join online “dating” sites for business partners.

a16z Podcast: The Next Generation of Cultural Influencers in Tech

Andreessen Horowitz

This episode—which originally took place as a live event —is a conversation between Seattle Seahawks linebacker Bobby Wagner and a16z Cultural Leadership Fund partner Chris Lyons.

What Does the Post Crash VC Market Look Like?

Both Sides of the Table

The market was down considerably with public valuations down 53–79% across the four sectors we were reviewing (it is since down even further). ==> Aside, we also have a NEW LA-based partner I’m thrilled to announce: Nick Kim.

A review of the first eleven Techstars Unicorns

David Cohen

I served on the board of directors until the IPO, and during that time we were able to recruit great firms like Foundry Group, SoftTech VC (now Uncork Capital), Bessemer Venture Partners, and Bain Capital Ventures. Techstars funded the company via our Techstars Seattle Accelerator in 2011.

AngelHack Unites Programmers From Four Cities for Hackathon

Lightspeed Venture Partners

This weekend I had the opportunity to join AngelHack , a hackathon event that took place in Palo Alto, New York, Boston and Seattle, to help judge the finalists in Palo Alto. Over 1,500 people participated in the event around the country competing for over $200,000 in prize money. In Palo Alto, more than 30 companies presented their hack on Sunday afternoon. I am always impressed to see what small teams can develop in just a weekend, and Angelhack was certainly no exception.

Announcing our investment in DemandStar, a marketplace for government procurement  

Version One Ventures

The Seattle-based company provides an online marketplace for business-to-government commerce – it connects local and national suppliers with government procurement officers. . We are excited to be partnering with Ben Vaught and his whole team on the journey forward. .

Q4 2020 Portfolio Review

Version One Ventures

Pienza , a Seattle based B2B startup studio led by Bizible founder Aaron Bird, raised $5.1M. . Lolli continues to add great partners like eBay ; you can now earn BTC while you shop on eBay’s marketplace. . Happy new year! We hope you’re well rested and recharged from the holidays!

A Few Key People Really Can Make a Huge Difference

Both Sides of the Table

I’m in Seattle this week. Seattle should be the envy of any non Silicon Valley tech community in the country. As I gear up to give a keynote at the annual Seattle 2.0 awards dinner on Thursday night I started reflected on what it would take to “change the trajectory&# for Seattle or for any regional market, really. And I think about the “Seattle issue&# as a metaphor for startups and business in general. Seattle has its patrons.

The VC Industry Norms Which Changed Over The Past Decade


To be fair, not all of them held this view and many of them were investing nationally earlier, but as we flip over to 2020, there is a general acceptance among Bay Area VC partnerships that they need to be able to invest across the country, not just NYC and LA or Seattle. Acceptance that firms and partners need to actively market themselves.

Announcing our investment in Cap Hill Brands, a next-gen CPG company

Version One Ventures

We’re excited to announce our investment in Cap Hill Brands , a Seattle startup with the mission to build a next-generation CPG company by acquiring and operating digitally-native consumer brands.

The Twenty Minute VC Podcasts

Feld Thoughts

Jon Staenberg, a long-time friend from Seattle who did an interview with Harry on episode 034 , dropped me the following email at the end of April: He seems like a good guy, want to be part of his podcast? Ever in seattle? Last week Harry releases two episodes 065 with me and 066 with my partner Seth Levine. I don’t listen to that many podcasts, but I like ones that are a short (< 45 minute) interview format.

Q2 2020 Quarterly Update

Version One Ventures

The Seattle-based company provides an online marketplace for business-to-government commerce, connecting local and national suppliers with government procurement officers. Lolli closed an oversubscribed $3 million Seed II round and continues to add partners weekly. .

Simply Business’ Interactive Visualization Compares Startup Ecosystems Across The World


The folks from Simply Business , inspired by a series of posts on startup hubs that Mark Suster – an American entrepreneur, angel investor and investment partner at Upfront Ventures – wrote earlier this year, compiled data from AngelList and LinkedIn to see how the startup hubs mentioned by Suster stacked up versus the Bay, and determine which cities offered interesting opportunities for startups, investors and developers.

Techstars Studio and the Studio Model

Feld Thoughts

Today, Techstars announced a new initiative called Techstars Studio which will allow Techstars to source new company concepts from Techstars alumni founders, community leaders, venture capitalists, mentors, and corporate partners. We are investors in PSL (in Seattle) and High Alpha (in Indianapolis). In addition, more than 25 corporate partners of Techstars are be involved in the initiative at launch.

It’s Back & Better Than Ever! Announcing NextView’s Everyday Economy Virtual Accelerator

View from Seed

Our program goes back to basics in the most important, effective, and meaningful ways : weekly one-on-one time with partners, hands-on mentorship from experienced advisors, small and selective cohort sizes, and zero demo days or distracting demo day prep involved.

Investing Outside The Bay Area


Fred and his partners Albert, John, Andy, before Brad, now Rebecca have operated headquartered out of New York City, and have invested successfully near home (Esty, MongoDB, Kickstarter), in the Bay Area (Twitter, Coinbase) and in Europe (SoundCloud). Of the 23 funds listed here, 13 are in the Bay Area, 3 in NYC, 3 in Boston, 2 in LA, and one each in Detroit, Seattle, Toronto, Waterloo, Indianapolis, and Fargo, North Dakota.

Supporting Cliff Avril and New Story

VC Adventure

Earlier this month Seattle Seahawks defensive end Cliff Avril announced that he would support building homes in Haiti – devastated most recently by hurricane Matthew. And, in case of funny coincidence, it turned out that my partner Brad was also involved as a member of the New Story advisory board. ” So we reached out to a few friends (and Seattle fans) to see what people thought.

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Evocalize Opens New Office In Austin, Texas To Support Growing Demand for Its Collaborative…

Austin Startup

Evocalize is backed by Seattle-based Madrona Venture Group and Second Century Ventures , the venture capital arm of the National Association of Realtors. Evocalize clients have used the CMP to activate over 750,000 digital marketing programs with partners.

Announcing Version One Fund III

Version One Ventures

With Angela’s promotion to General Partner , we now have investment partners located in both the U.S. Our particular focus is in San Francisco Bay Area, Toronto/Waterloo , Seattle, and NYC. It is a true honor to be a partner of yours! We are very happy to announce the launch of Version One Ventures III with $45M USD ($57M CAD) in commitments.

All Startups Should Consider Expanding In Multiple Geographies

Feld Thoughts

This is especially true for companies headquartered in Silicon Valley, Seattle, and New York. I learned an approach many years ago from my now-partner Chris Moody that he used at Aquent when he was COO. It seems pretty clear that a very large, single location company in Silicon Valley, New York, Seattle, and several other cities (e.g. My post The Future Of Work Is Distributed received some good comments.

[Event][Singapore] Finovate Asia 2012


Organized by The Finovate Group , a boutique banking technology research firm based in Seattle, Washington (known for its research publication Online Banking Report and blog), this one-day event on November 6, 2012 will showcase the best innovations in financial and banking technology from a mixture of leading established companies and brand-new startups. Financial and banking technology conference Finovate comes to Asia for the first time with Finovate Asia 2012.

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Our 2014 in review

Version One Ventures

We added 8 new companies to our portfolio: Clio , a cloud-based practice management platform for the legal industry; Dwellable , a mobile-first vacation rentals marketplace; HandUp , a donation platform that lets you give directly to a person in-need; Mattermark , an analytics platform for investing, partnering, selling and marketing; Shippo , an e-commerce shipping solution; and 3 startups that have yet to announce their funding.

Where Does Foundry Group Invest?

Feld Thoughts

In it, he talked about his own experience expanding his investment horizons beyond the bay area, but also mentioned some other folks, including us and USV, where he did a quick analysis of the location of our partner funds. Of the 23 funds listed here, 13 are in the Bay Area, 3 in NYC, 3 in Boston, 2 in LA, and one each in Detroit, Seattle, Toronto, Waterloo, Indianapolis, and Fargo, North Dakota. Semil Shah recently wrote a post titled Investing Outside The Bay Area.

Unrequited Love

Steve Blank

The VC’s suggested I should spend a day at Onyx Software, an early pioneer in Sales Automation in Seattle. With an unexpected job offer in-hand I spent the plane flight home concluding that our family had already planted roots too deep to move to Seattle. And along with that first customer hypothesis I had the brilliant hypothesis that my channel partner should be Onyx. So I called on my friends at Onyx and got on a plane to Seattle.

Details of Upfront Ventures New $400 Million Fund

Both Sides of the Table

A huge thank you to all of the Limited Partners who have entrusted us with your capital, time and reputations. Upfront’s Base As you probably know we are based in Santa Monica and as my partner Greg Bettinelli coined, we’re #LongLA. We’ll invest in about 15 new companies every year or just over 2 per partner. The investment partners are Yves Sisteron (the founder), myself, Greg Bettinelli , Kara Nortman , Kobie Fuller & Kevin Zhang.

Quickly Unpacking The Looker And Tableau Acquisitions


With Tableau, Salesforce gobbles a bunch of strategic goodies — a new regional HQ in Seattle; over 75K customers; a growing product line that will go into data management and more intelligent services; and possibly signaling an interest to go deeper into data business lines.

Recapping Q4 2019

Version One Ventures

Lolli continued to add new partners from Expedia to Nike. Earn bitcoin while you shop at partnering brands/e-retailers, and follow Lolli’s blog for up-to-date additions. Happy New Year!

2018: Year in review and a look ahead

Version One Ventures

While we have expanded our partnership to two GP and have a bigger fund, our fundamentals stay the same: we invest at seed / pre-seed, in companies that leverage network effects, and across North America (hubs are SF, Toronto/KW, NYC, Seattle). And finally, we wish to thank everyone who has been a part of the Version One community for this incredible year, from our LPs, peers, partners, entrepreneurs, friends, followers, and our families.

Help Bring Xconomy to Boulder/Denver

Feld Thoughts

It’s been a refreshing resource for a bunch of startup communities, including Boston (where it started) and Seattle. We (my partners and I at Foundry Group and David Cohen at TechStars) are helping them get enough initial sponsors to bring on a full time writer in the Boulder / Denver area. I’ve been a huge fan of Xconomy since its debut several years ago.

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5 Tech Companies That Have Made It Big And Here’s Why


The company was founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington. #4. The company has become a sub partner of many other companies since many use the service. #5. There are plenty of tech companies out there that have been around for some time.

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“I guess we’ll know we’ve made it when a woman can get away with behaving like Elon Musk.” Talking With VC Ashley Mayer About Finding Your Career, Taking Box Public, And Why She’s Not Interested In Reading Yet Another Female CEO Takedown

Hunter Walk

I had gone to high school with the founders in the Seattle area, and we had recently reconnected. My boss, Jen Grant , was an incredible manager, and Aaron Levie, the co-founder and CEO, was a fantastic partner on all things communications.

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Never Mind the Valley: Here's Vancouver


Then there's Seattle, of course. RWW's Never Mind the Valley series: There's also a healthy network of VC firms, including Ventures West, Banyan Capital Partners, GrowthWorks, Yaletown Venture Partners, and Chrysalis Ventures, as well as a strong angel investment community in the city - all providing the necessary capital and mentorship to startups in their developing stages.

Glowforge Launches, With a Focus On Their Customers

Feld Thoughts

While I was in Seattle last week, I had a chance to stop by the Glowforge office and talk to the team during one of their biggest weeks since their historic 30-day crowdfunding campaign. Foundry led a $9 million and then $20 million financing in Glowforge, the Seattle-based 3D laser printer, as it grew from just an idea to shipping a beloved product to their customers. I regularly share this presentation with my partners at Foundry, especially the projects.

Q1 2019 Summary: Portfolio News and Activities

Version One Ventures

With Galaxy, Outreach is more deeply integrating their partners, so users can handle all of their sales actions in a single workflow within Outreach. Manny Medina , cofounder and CEO of Outreach , was a winner of a 2019 Executive Excellence award , which recognizes leaders in Seattle-based companies. We’re already a full quarter into 2019, and as expected, it’s shaping up to be a busy year.

The Future Of Work Is Distributed

Feld Thoughts

When I look at my schedule next week, I’m in my office on Monday for my partner meeting, but there’s literally no other reason I need to be in my office next week. When I’ve chosen to travel as I did recently on a multi-day trip to Seattle, I’ve been able to be deliberate about where I was and who I spent time with, and none of it required me having a physical space. I’ve been a remote worker for 24 years.