The great funding challenge

Portland lacks the framework it needs to help its web startups grow, said Darius Monsef, the CEO of the website COLOURlovers, to a crowd of fellow web developers Tuesday. Portland needs more investors who know the business, he argues, and more who can inject tens or hundreds of thousands of dollars into budding companies, instead of the millions provided by big venture capitalists.

On the Scene: Angel Oregon 2011

The room was packed to standing room only at Wednesday’s Angel Oregon 2011 event at the Governor Hotel, with equal parts entrepreneurs looking for backing and investors looking for opportunities.