what i mean by "investment theory" is that there are specific requirements angels/VCs have when evaluating startups for fundability, that are indicators of the entrepreneur's ability to execute a high-growth concept.
we are extracting those characteristics/indicators and building that into the learning model for Portland Ten-- so that the entrepreneurs who work with us understand those concepts & are trained to think on that level, in regards to identifying and exploiting a scalable market opportunity.
essentially, rather than using the skills/information i've learned as related to high tech funding to work on the investment side of the table by taking a job as an analyst or working with a fund, i'd rather work with startups who are too premature to get attention from investors, or who may ultimately not be interested in taking funding, to pre-engineer the way they think about running a company so that it operates on a high-growth level, but doesn't require fitting into the venture capital model.
hope that helps. feel free to ask more questions or ping me directly via www.pdxten.com.
Josh, thanks for your comment. That's a good comment that the interview process has a contest-feel, and I'm not sure that will be the approach we take in the future.
More than anything, we want to find candidates who are a good fit for the challenge of working toward the $1M goal, have a project that has the potential to be viable in the market, and who are a good match between the other founders we are working with and Portland Ten staff/advisors.
Thank you to everyone for your comments & suggestions on Portland Ten. Some very valid concerns & feedback were given, and I appreciate this very much, because it will help us to make Portland Ten better at being/becoming something that is useful and appropriate for the startup community.
Here are some of my thoughts and responses to specific items discussed:
For those who are excited about the project, we appreciate the support. For those who have concerns, I appreciate your effort in letting us know, and hope that you'll continue to follow the project and help us stay on track, or make changes when necessary.
what i mean by "investment theory" is that there are specific requirements angels/VCs have when evaluating startups for fundability, that are indicators of the entrepreneur's ability to execute a high-growth concept.
we are extracting those characteristics/indicators and building that into the learning model for Portland Ten-- so that the entrepreneurs who work with us understand those concepts & are trained to think on that level, in regards to identifying and exploiting a scalable market opportunity.
essentially, rather than using the skills/information i've learned as related to high tech funding to work on the investment side of the table by taking a job as an analyst or working with a fund, i'd rather work with startups who are too premature to get attention from investors, or who may ultimately not be interested in taking funding, to pre-engineer the way they think about running a company so that it operates on a high-growth level, but doesn't require fitting into the venture capital model.
hope that helps. feel free to ask more questions or ping me directly via www.pdxten.com.
-carolynn