Community, News

Our newest experiment: Introducing the consumer products accelerator inaugural class

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It’s no secret that PIE takes the “E” in our acronym very seriously. (The “E” stands for “experiment.”) As such, we’re always excited when someone approaches us with a new concept. And that’s why when Built Oregon approached us with the idea of a consumer products accelerator, we jumped at the chance to work on it.

And now, after months of planning, promoting, and recruiting, we’re proud to reveal the first class of the Built Accelerator, a nonprofit nondilutive accelerator focused on consumer products companies throughout Oregon.

The inaugural cohort includes:

After a decade of experimenting with technology companies, it only makes sense that the next logical phase of our ongoing experiment is to expand the types of companies with whom we work. And to test the hypothesis that the programmatic elements we’ve designed — the educational platform that we’ve built — can be applied to a far broader selection of startups than just tech companies.

We’ve always appreciated the random collisions among founders that our accelerator spaces have provided. By expanding the diversity of the types of founders and companies we’re helping, the potential for those serendipitous moments within the PIE family will increase exponentially — and that’s good for everyone.

Looking forward to the next phase of this experiment.

For more information and details on the companies, please read “Announcing the Inaugural Built Consumer Product Accelerator Class.”

Community, events

Recapping PIE Demo Day 2019

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It’s good to be back.

Whether you had the opportunity to join us — either in person or on the livestream — or not, we wanted to make sure that you had access to the pitches from PIE Demo Day 2019. All told, 13 different startups took the stage to share what they were building. In show order, that included:

We took the opportunity to slice up the event into individual pitches to make it easier to digest. (But if you want to watch the whole thing — beginning to end — that’s an option, as well.)

As always, we had Aaron Hockley photographed the event. Those PIE Demo Day photos can be found on Flickr and are licensed under Creative Commons with attribution.

PIE Demo Day 2019

To stay up to date with the latest news from PIE, please consider subscribing to our newsletter or follow us on social media.

Community, events

Indie.vc v3 Winter Tour stops by Portland

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If you’ve been keeping tabs on the changing world of venture capital, you’ve no doubt come across Indie.vc, one of the premier funds experimenting with new ways of financing businesses — without killing the business in the process.

We wanted a path that gave founders time to deeply understand the levers of their business and the needs of their customers that can only come from focusing on profitability and revenue growth. We wanted founders to experience that the constraints of scarce resources could become superpowers as they began to scale. We wanted founders to see beyond a binary world of “going big or going home” into a world full of alternative outcomes that wouldn’t require them to trade a lifetime of ownership and optionality for a seed round today.

Sound interesting? Well, they’ll be swinging by Portland this month. And PIE is helping them out by hosting an event for the community. It’s all part of the desire to get back into being an accessible resource for the Portland startup community and the broader startup community, in general.

Needless to say, we’d love to have you join us. The event will be held at Autodesk (221 SE Ankeny, the home of PIE Shop, on January 22, 2019. Doors around 5:30PM with the event kicking off at 6:00PM. The event is free and open to the public. We simply ask that you RSVP at Indie.vc.

Looking forward to seeing you on Tuesday the 22nd. And happy new year!

NOTE: If you’d like to stay in the loop on future events at PIE, please consider subscribing to our newsletter, subscribing to this blog, following us on Medium, or following us on Twitter and Instagram.

Community, News

Please join us — when else? — Pi Day for PIE Demo Day 2019

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It’s hard to believe that it’s been a little more than four years since the last PIE Demo Day. Time, as they tend to say, does indeed fly.

During that hiatus, we’ve managed to accomplish quite a bit. Quietly, mind you. Out of the limelight of the stage. But we’ve still been hard at work. Accomplishing stuff.

Since our startups last took the stage in 2014, PIE has…

Still, we’d be lying if we didn’t admit to missing PIE Demo Days. Quite a bit. Not for all of the stressful preparation. Or the seemingly never-ending pitch practice and critiques. Or the nerve jangling day-of delivery.

Honestly, we don’t miss that all that much.

What we do miss about PIE Demo Days, however, is that they consistently served as a brief moment of celebration where we could come together to embrace and support some of the awesome founders building amazing companies in our midst. So that we could all gather together — new founders and serial entrepreneurs, established companies and startups, would-be entrepreneurs and their soon-to-be mentors — as a community.

So, with that in mind, we’re happy to announce that — 100 days from today — PIE will be hosting PIE Demo Day 2019 on, appropriately enough, March 14, 2019. Pi Day. This time around, we’ll be taking the stage at the historic Aladdin Theater in southeast Portland, a stone’s throw from the Dairy Building where the latest class of PIE spent much of 2018. Best of all, the Aladdin is our largest venue yet. Meaning that we can bring together more of the community, in person, than we’ve ever had the opportunity to do before.

As always, the event is free of charge, but space is limited. Seats are general admission. If you choose to make a donation to PIE, that will give you access to a block of reserved seats, front and center. If you’re worried about figuring out childcare so that you can attend? Stop worrying. Childcare will be provided, free of charge to attendees. We’ve arranged for our go-to photographer, Hockley Photography, to capture the event for posterity. And, as in previous years, we will be partnering with Blaze Streaming Media to ensure that family and friends from around the world can tune into the event from the comfort of their Web browser if they’re not able to attend in person.

Presenting companies will consist of a mixture of both PIE and PIE Shop companies, as well as some updates from PIE alums and our partnering organizations. (Speaking of partners, if you’re interested in joining on as a sponsor of the event, please let us know.)

And, of course, it wouldn’t be a PIE Demo Day if we didn’t have a few surprises to reveal.

Please grab a ticket and block the time on your calendar. This event usually sells out fairly quickly. And we’re sincerely hoping you can join us. Because we’re looking forward to sharing all of our amazing companies and awesome founders with you.

For more information or to RSVP, visit PIE Demo Day 2019.

Mentors, News

PIE announces partnership with Stoel Rives

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We’ve had the pleasure of partnering with any number of corporations throughout our experiments. Now, we’re partnering with Portland’s largest law firm to ensure that startups in our community have efficient access to mentorship from legal experts.

This collaboration will allow PIE to offer its startups resources and mentorship opportunities with experienced Stoel Rives attorneys who focus their practices on working with emerging companies. The partnership marks another step in Stoel Rives’ ongoing efforts to support the entrepreneurial ecosystem in Portland.

Originally founded as a collaboration between Portland based creative agency Wieden+Kennedy and the Portland startup community, PIE has continued to partner with private industry to support its ongoing operations. Since the venture was founded in 2009, financial and in-kind support has been provided by leading companies including Autodesk, CENTRL Office, Coca-Cola, Daimler, Environments, Google, Intel, Intrinsic Ventures, Nike, Target, Uncorked Studios, and W+K.

“Through its community-building efforts, PIE has become the de facto hub of the community that supports early stage tech startups in Portland  — and their expanding efforts into manufacturing and consumer products promise to increase the gravity of the organization,” said Brie Bridegum, lawyer with Stoel Rives. “I’m excited to become more engaged with PIE and its programs and I know a numberof my peers at Stoel Rives share in this excitement.”

“Unless you’re among our alums or one of the hundreds of mentors who volunteer for our programs, it’s difficult to describe the exact value that PIE provides to the broader Portland startup community,” said Rick Turoczy, cofounder and general manager of PIE. “That’s why it’s always heartening to have organizations such as Stoel Rives proactively approach us to provide support for our programs and the startups in our community. We’re looking forward to this partnership providing streamlined access to a whole new group of mentors with significant legal insights.”

Through the partnership, the attorneys in Stoel Rives’ Emerging Companies practice group will provide practical and thorough advice to a diverse range of companies that are forming, financing, hiring, creating and protecting innovations, as well as resolving disputes that may arise along the way. The team brings a combination of legal knowledge, entrepreneurial thinking and understanding of the financial markets as they help entrepreneurs navigate from startup through sale or public offering. 

Community, News

Beta testing PIE Shop, application deadline announced

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While PIE has amassed nearly a decade of experience in assisting and accelerating early stage startups, the bulk of that experimentation has been with software companies. So when we embarked on a new project to apply PIE’s startup accelerator methodology to companies that manufacture physical objects, we wanted to be sure we knew how those types of companies would make use of the physical space we provide.

We understand how much space software companies use… but how much space do startups who make things use?

In an effort to answer that question, we did what we usually do. We began experimenting.

PIE Shop beta cohort

We’ve been quietly beta testing our PIE Shop space with a few different physical object startups, who were specifically selected from early applicants to help test drive the space and help us gain a better understanding of their needs and use. Given that the experiment seems to be going well, we felt it appropriate to share those companies with you, as well.

Bip: Bip is a small format connected device designed to be worn by residents of assisted living facilities as a means of opening lines of communication among residents, staff, and family, and providing critical data points that inform other assisted living management solutions.

CMDSense: CMDSense uses a variety of connected devices and other tools to gather outdoor and indoor data in cities in order to help transform cities into places that benefit every urban citizen.

Dorsum: Carrying unsupported weight puts strain on the back, increasing the risk for injury. Dorsum has designed and are developing the AdaptiveSpine™, a spinal exoskeleton and supportive device that transfers weight and stress to the hips.

Foundry Collaborative: The team who built the Adidas connected ball has spun off from the apparel company to continue to innovate on the technology they created. They will serve as both a PIE Shop company and mentors in residence for the other companies in the space.

And we’re also happy to host a couple of community pursuits that help make Portland a better place.

PDX Women in Tech: Established in 2012, we are a community-based non-profit organization. Our purpose is to strengthen the Portland women in tech community by offering: educational programs, partnerships, mentorships, resources and opportunities.

Portland IQ: A public private partnership formed when Portland’s rapidly maturing higher-ed anchor institutions recognized that shared goals, overlapping constituencies, close proximity, increasing community investment, and complementary real-estate development projects presented a rare opportunity for collaboration — collaboration that would provide exponentially more value as a combined effort than it would as individual projects.

Adding additional companies to PIE Shop

After beta testing the space, we are confident that we can likely fit one or two more companies into the space. All companies selected to participate receive free office space, access to the Autodesk desktop manufacturing facility, free use of Autodesk’s entire suite of software, and the opportunity to take part in the PIE program of mentorship and acceleration.

So if you’re interested in applying to be one of those companies, please complete the PIE Shop application. Applications will close September 16, 2018, at 11:59PM Pacific Time.

NOTE: If you have already applied, you do not need to resubmit your application. However, you are more than welcome to submit, again.

News

PIE a la mode: A new class in an old dairy

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Today, we’re announcing our fifth startup accelerator class — after a four year hiatus —through a program funded in part by Prosper Portland and its Inclusive Business Resource Network. The program, helmed by PIE program manager Chevonne James, is housed in The Dairy Building in the central eastside industrial district at the southeast corner of the Portland IQ, through a collaboration with Intrinsic Ventures.

The companies in the fifth cohort of PIE are:

“Throughout PIE’s history, we’ve tried any number of experiments to help early stage startups in Portland,” said James. “Through that experimentation we’ve determined that providing a shared workspace where founders can collaborate with one another is critical to our program. While we’ve been working with these companies virtually for a number of months, we’re already seeing exponentially more progress now that we’re all in the same physical space at the Dairy Building.”

“The Dairy Building is very excited to be hosting PIE and the burgeoning new companies they house,” said LeAnn Raschke, Real Estate Manager for The Dairy Building at NAI Elliott. “With private call rooms, large central meeting area, conference rooms, and a common kitchen, The Dairy Building provides the perfect meeting place for collaborative events and meet-ups. PIE is a welcome addition to the community of like-minded small business owners and entrepreneurs in the building. We look forward to seeing the growth and networking opportunities that PIE will bring.”

The latest version of the ongoing PIE experiment in collaboration among the Portland startup community and other established organizations—like corporations, government, and educational institutions—refactors its former model for early stage startups, moving away from the typical “three months and out” format to embrace a rolling cohort model where mentored companies grow up and out of the space as quickly or as slowly as needed. In addition, through its partnership with Prosper Portland, PIE has increased its efforts to attract founders who identify as women and/or people of color in an effort to better represent the wealth of entrepreneurial activity in the Portland community. Two of the companies in the current cohort, Additive Care and AllGo, are graduates of the TiE XL Bootcamp, which is also part of the Inclusive Business Resource Network.

“PIE has long been an essential partner in our work promoting inclusive entrepreneurship in Portland, and we are excited to support Chevonne, Rick, and the PIE team as they mentor a new group of startups,” said Prosper Portland Executive Director Kimberly Branam. “These businesses represent the full array of diverse founders, interests, and industries that reflect Portland’s vibrant startup scene.”

About Prosper Portland Inclusive Business Resource Network
From tech startups to neighborhood retail, small businesses are vital to the city’s economy. The Inclusive Business Resource Network is a citywide program that brings multiple services for small business into a single network to provide greater efficiencies and cross-functional innovation. The Network leverages the power of partnership to increase the success of underrepresented entrepreneurs.

Through focused resources, collaboration and client-centered services the Network seeks to drastically shift outcomes for business owners of color, immigrants, women founders, and other underrepresented minorities. Approximately 600 businesses are served through the Network each year, and 400 businesses – 65 percent owned by women and 75 percent owned by people of color – receive long-term support (30+ advising hours a year).

For more information, visit https://prosperportland.us/portfolio-items/inclusive-business-resource-network/

About Intrinsic Ventures
Intrinsic Ventures and its affiliate companies acquire and develop commercial real estate in transit-oriented, urban areas, and endeavor to create public benefits in unique locations. Our goal is to invest in the future of urban areas and to establish projects in pedestrian districts where alternative forms of transportation, like buses, bicycles and trains, are easily accessible. We create some measure of public benefit through our efforts in conjunction with a viable investment.

Our buildings—which include The Dairy Building—are vital, mixed-use hubs that thrive because their location and close proximity to other, minor-commercial properties creates a draw for local, repeat customers. By developing clusters of contiguous properties, we create a sense of community amongst our multi-tenant buildings. Developing and preserving historic buildings on tree lined sidewalks, establishing thriving communities in open public spaces and job creation are at the core of Intrinsic’s philosophy.

For more information, visit http://www.intrinsicventures.com/

About PIE
PIE is an ongoing experiment designed to enable established organizations — corporations, government, and educational institutions, among others — to more effectively collaborate with the Portland, Oregon, startup community in mutually beneficial ways. Throughout its history, PIE has served as a curated coworking space, a community event space, a startup accelerator, a flashpoint for corporate innovation, an accelerator for accelerators, and a home-away-from-home for startup types — and the startup curious — from around the world. To further support all startup communities, PIE provides access to its learnings and programs through the PIE Cookbook, an open source guide for building a startup accelerator

PIE is a 501(c)3 nonprofit organization through its fiscal sponsor, Built Oregon. PIE and Built Oregon are founding partners of the Portland IQ.

For more information on the program, visit http://www.piepdx.com/. To access the PIE Cookbook, visit https://github.com/piepdx/pie-cookbook/blob/master/README.md  

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MEDIA CONTACT

Rick Turoczy
Cofounder and General Manager, PIE
rick@piepdx.com

News

Making the PIE bigger: PIE Shop, an experiment in accelerating manufactured products

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At PIE, we’re always looking for opportunities to apply our learnings—and the knowledge from our community—in new and different ways. That motivation to continually explore and experiment has been at the core of our work for nearly a decade.

It was the impetus for founding the project. It’s why we converted from a coworking space to a startup accelerator. It’s why we open sourced our learnings through the PIE Cookbook. And it’s why we have continued to look for opportunities to experiment with the model—and to strive to find new and different ways to build better founders—year after year.

Long story short, we take the “E” in PIE—which stands for “Experiment”—pretty seriously. Even if we’re not quite sure what we’re getting ourselves into.

So when we happened upon the opportunity to collaborate with an industry leader like Autodesk and one of our own alums, Uncorked Studios, to pursue an experiment that would explore the needs of startups who manufacture physical objects, we couldn’t resist the opportunity. Especially given how enamored we are of the challenge to embark on an experiment more complex than any we have tackled in the past.

And now, we’re ready to introduce that complex experiment to you.

It’s called PIE Shop. And we believe that it has the potential to fill a much needed role in the Portland startup community, for both early stage startups and for more established companies with small batch manufacturing needs. It presents an opportunity to better leverage existing resources and latent manufacturing capacity for the benefit of our entire Portland ecosystem. And best of all, we’re enthralled by the unique opportunity to tap into the deep seeded knowledge in our community, a community which boasts a rich history in both traditional and electronics manufacturing driven by a culture of curiosity and craft.

Of ultimate import to PIE, this new effort promises to satisfy a number of the objectives we’ve set out to accomplish in 2018.

Rest assured, PIE Shop will leverage all of the startup accelerator learnings and our extensive network of mentors, connections, and community, just as we’ve done for other disciplines.

We’re incredibly excited to expand the PIE family with a whole new group of startups, mentors, and partners. And we’re sincerely hoping that you’ll be interested in joining us on this journey.

How to get involved

 

  • If you’re an Oregon manufacturer, maker space, or any other company with machines or manufacturing capacity, we’d love to hear more about the work you do.
  • If you’re a maker or founder who is looking to leverage existing resources to bring your product to fruition, we’d love to hear more about your needs.
  • And of course, if you’re an early stage startup or founder who feels like PIE Shop’s resources, connections, and mentorship could help accelerate your business, please take a few moments to apply to participate in PIE Shop.
News

PIE 2018: What experiments are we cooking up next?

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Looking back at 2017, PIE managed to accomplish quite a bit. Even if we didn’t feel like we did. In fact, we only realized what sort of progress we had made because we had taken the time to publish a list of objectives for 2017, and that gave us a yardstick to measure our accomplishments. With that list as a reference, we had to admit that we’d made progress. Which is probably why people make lists.

Bear in mind, we’d made mistakes, too. And failed. But that’s all good in our book.

In that same vein, we now want to have a list to consult in 2019, in case we’re burdened with a similar sense of un-accomplishment. So we thought it might be beneficial to share some insights on what PIE is working to accomplish in 2018.

Besides, it helps keep us honest. About both successes and failures.

As with last year, all of these thoughts come with a caveat:

Let’s be honest. Talking about the past is a lot easier than guessing about the future. Regardless of how sound your strategic thinking. All we know for certain is that we’ll continue experimenting. Because that’s what we’re best at doing. And it’s in our name.

With that in mind, here are some of the areas where the PIE team will be intentionally focusing our time and energy this year.

NOTE: In the spirit of brevity, we’re just going to lightly touch on some of our objectives. Not go into great depth. Because we recognize that each one of these topics deserves a post of its own. And those will be forthcoming. But that desire to provide more detail has simply been preventing us from getting this post out the door. So we’ll work to flesh out each of these topics over the coming weeks.

  1. Build an hors d’oeuvre section to the PIE Cookbook. Following a successful Kickstarter campaign in 2016, PIE completed the initial version of the PIE Cookbook in 2017. It’s become exceedingly obvious, however, that consuming that entire book is a difficult first step for many folks. It’s way too daunting. That, of course, was not the intent. The intent was to demystify accelerators and to make the concept more accessible. But that clearly requires something that is easier to consume. So we’re going to create something more accessible that helps you quickly determine if you’re ready to start building the accelerator of your dreams before you have to dive headlong into a ton of content.
  2. Experiment with a nonprofit model for PIE. We’ve tried for profit. In fact, we’ve experimented with that model for nearly a decade. But there’s one small problem. PIE is not driven or motivated by profit. We’re driven by purpose. So it’s time for something new. Becoming a nonprofit might not be the right thing to do, but it’s an experiment worth pursuing. If only to help others understand the pros and cons.
  3. Build an accelerator that is more authentic for our startup community. A lot of what PIE has done in the past has been based on prevailing and accepted accelerator models. And to be honest, those models have both structure and artifice that only works within certain environments or with substantial resources and partnerships. We don’t have those same resources. And Portland isn’t the same kind of environment. So we’re reimagining what a Portland-flavored startup accelerator could and should look like. We’ve already got some good ideas about what that might mean. And we’re looking forward to putting those ideas into action in 2018.
  4. Build out a physical space that can serve as a hub for early stage founders. Many of our conversations in 2017 centered around the absence of PIE as a physical space and how that vacuum was negatively impacting the startup community. The prevailing feedback hinted at the role PIE had played from 2009 until 2015. As a center of gravity. So in 2018, we’d like to get back into the role of being that hub. And being the open front door and welcome mat for new founders. And to do that, we’ll need physical space.
  5. Return to building better founders. One of PIE’s founding tenets was “Build better founders.” To us, that meant that we were more interested in helping people than companies. We didn’t care if the companies succeeded or failed. We cared that everyone in the PIE family—founders, mentors, investors, partners, and staff—would be better off for having participated. Our shortcoming? We only focused on the business aspects of making founders better. In hindsight, this was a mistake. So this year, we’re looking to focus holistically on building better founders. From mental health to community engagement to family support, PIE is going to build the best founders we can.
  6. Begin building better staff. One of the biggest mistakes I’ve made with PIE in the past is not providing effective and clear paths for the staff to move into leadership positions within PIE. While we’ve provided opportunities for professional growth and enabled staff to propose and execute different experiments, we’ve failed to give them upward mobility. Admittedly, part of this was due to the fact that I didn’t even really understand my role. But whatever the case, this was on me. To make the model sustainable, that needs to change. This year, we are likely to have several opportunities to provide upward mobility for PIE staff. And as we learn how that works, I hope that we can add guidance to the PIE Cookbook about how to more effectively engage and enable accelerator staff to grow into accelerator leaders.
  7. Expand the PIE family with a new class of startups. Once we secure physical space, we’re going to need some activity in that space. And some people. And startups. I mean, if we’re rebooting this whole thing, let’s reboot it. So if you’re building a startup and you think PIE could be helpful, be on the lookout for a whole new PIE application period opening this year.

That sounds like a lot. But it sounded like a lot last year, too. And we managed to complete all but one of those objectives. So we’re tentatively optimistic that we can get it done. Will we succeed? Who knows? But we’ll experiment. And fail. And maybe succeed. And we’re hoping you’ll continue to stay tuned as we do.