Venture capital returns


Oregon startups attracted almost double the amount of venture capital in 2010 as the year before.

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Oregon startups attracted almost double the amount of venture capital in 2010 as the year before, according to data from the National Venture Capital Association.

 

The $173 million in backing for Oregon entrepreneurs made 2010 the state’s second-best year for venture capital since the dot-com era. The numbers represent a potential renaissance in Oregon’s entrepreneurial economy, and growing diversification among new businesses.

“I think that was very much not a blip, but indicative of where we’re headed,” said Diane Fraiman, a partner with Seattle-based Voyager Capital, an active player in the Portland startup scene.

“There’s still a lot of really, really early-stage stuff,” she said, “but there are some really interesting things on the horizon.”

Read more at OregonLive.com.

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