A couple of our current companies and a couple of alums have news to share, this week.
A couple of our current companies and a couple of alums have news to share, this week.
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/
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
Cofounder and General Manager, PIE
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.
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.
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.
We’ve been taking some time to look back at 2017, as most of us are wont to do this time of year. And now seemed like an appropriate time to share some of these reflections. Partially because it was six years ago last week that PIE staged our very first Demo Day, January 17, 2012.
As with any good reflection, we started with what we promised to do last year at this time. And to my surprise—I say, “surprise” because it didn’t feel like we accomplished much—PIE actually accomplished most of what we set out to do for the year:
✅ Completing the PIE Cookbook
✅ Expanding the PIE Cookbook community
✅ Increasing efforts around diversity and inclusion in our community
✅ Exploring new and different applications of the accelerator model
✅ Continuing to support existing partnerships
❌ Creating more content, publishing more often, and generally being more transparent
And in addition to what we set out to do, we also managed to hire a new program manager; not only support but strengthen our partnerships with Built Oregon, CENTRL Office, and Prosper Portland; organize another successful Portland Startup Week; proudly watch PIE alums like Cloudability, dotdotdash, Droplr, Lytics, Outdoor Project, Supportland, Switchboard, Uncorked Studios, and more have a strong year; and took equal pride as members of the PIE family chased new pursuits like Reflect and Torch.
Looking back, it seemed like it was a pretty productive year. So I had to keep asking myself why it felt so frustrating. Why was I “surprised” that we accomplished these things? And why was it that I still felt like we didn’t get anything done?
And then it dawned on me. It was because I didn’t feel like we had an impact. We accomplished tasks. We nudged projects forward. We kept a few things going. But we didn’t create change. We expanded our community but we didn’t strengthen our community. We didn’t push the experiment forward.
So it didn’t feel very good. It was a year of frustration, a year of questions, and year of reboots. It was a rebuilding year at best. And a gap year at worst.
But that cloud, like many, has a silver lining. The year of frustration and cynicism and disappointment also provided vantage. Enabling us to step back and to objectively reassess what it was we were doing with PIE. It gave us the opportunity to truly question what we were hoping to accomplish. And why were doing it. And what was working.
Now, we’ve realized that the main experiment we were pursuing in 2017 was a failure. Trying to work behind the scenes with other accelerator programs—a move we assumed would allow PIE to scale its impact most efficiently while providing a revenue stream for the organization—was a flop.
That wasn’t what the Portland startup community needed. That wasn’t what founders needed. That wasn’t a sustainable business model. And that wasn’t a viable means of expanding the sort of impact we had hoped to provide. Truth be told, it wasn’t even an effective means of providing the same level of impact we had managed to provide in previous years. At best, we had gone backwards. At worst, we had become completely irrelevant.
That said, like all experiments, it was good to pursue it. To test and to learn. But we’re also completely willing to admit that the experiment was a failed one. Like many experiments we’ve run over nearly a decade of PIE.
To make matters even worse, we recognized telltale signs of bonds weakening in our community. We found fragmentation and confusion. And we found folks feeling detached and disconnected. In reality, we found our community was suffering from many of the same issues that had originally inspired us to start PIE in the first place. Only with an exponentially larger group of people.
And that, to us, seemed like an opportunity.
So we hit the brakes and began listening again. Listening for what the community needed. Listening for what startups needed. And listening for what PIE could do to have a meaningful and significant impact in our community.
As such, much of 2017 was taken up with rethinking and reinventing PIE and then talking with anyone who would listen. Revising. And then talking with everyone again. Listening to their suggestions and critiques. Revising… You get the picture. We’ve torn it all down. Rethought everything. And all of that—all of that nudging things forward and rethinking everything and listening listening listening—has us prepared to dive headlong in 2018.
What we’ve come up with is a new experiment. With a new version of PIE that we hope will be a better match for the actual needs of the Portland startup community. And one that has a demonstrable, tangible, and measurable impact on both Portland and PIE, itself, this year.
So what does PIE 2018 look like? We’re glad you asked. And we’re looking forward to sharing some of those details in our next post.
It’s been a while since we’ve had a PIE Demo Day. We’ve helped host pitch competitions, sure. But we haven’t had a Demo Day. And Demo Days are different. Attending, you get that feeling that everyone is in it together, that everyone in the audience is there to help everyone on stage, and that every speaker is pulling for every other speaker.
And while we’re a ways off from any future PIE Demo Days, there is an event coming up next week that reminds us very much of our Demo Day dynamic: PitchBlack.
Why: To connect the region’s growing entrepreneurial ecosystem with the increasing number of African-American founders.
This event is the brainchild of Stephen Green @PDXStephenG, economist, entrepreneur & strong advocate of CHEATING to support small businesses. By day he is the Community Manager for Townsquared where he is engaging area small businesses to support each other and share knowledge. Stephen, along with others in the community have been looking to spread broader narratives about black founders locally.
The event will be held August 30, 2017, at Instrument in Portland, Oregon. Tickets are available for $22 and all proceeds go to the cash prizes for the winning pitches.
If you can’t attend but are still interested in supporting the event, Business for a Better Portland highlights other ways folks can contribute.
For more information or to RSVP, visit PitchBlack.
Historically, we’ve focused on tech companies with PIE — and more explicitly SaaS and mobile companies. Usually with a B2B bent. But that hasn’t prevented hundreds of consumer products companies with compelling concepts from reaching out to us.
From clothing to mead to protein bars to box subscriptions, we’ve had the pleasure of comparing notes with all kinds of startups with all kinds of business models. It’s been educational for us, over time. And it has piqued our curiosity more than once.
Now, we’re moving beyond simply being curious to exploring more of these opportunities. And while we’re still in the planning stages, we wanted to make sure that folks knew a little bit more about our history with consumer products and what we’re doing as we lead up to our expanded scope.
Our first foray into the world of consumer goods was with brand partners like Coca-Cola, Daimler, Nike, and Target where we were fortunate to learn about the ways successful consumer goods companies approached and collaborated with their respective markets — and where curiosity was driving these large corporations to explore other opportunities.
Next, we had the opportunity to collaborate with the Startup PDX Challenge, a City of Portland sponsored incubator that PIE has worked with for the past three years. During that time, we had the chance to see a broader spectrum of the kinds of companies were being built in Portland, what types of challenges were impacting those founders, and which types of companies seemed to generate the highest likelihood of traction and success.
Now, we’re getting more engaged with a broader range of consumer goods through our partnership with Built Oregon, a 501(c)3 not for profit organization focused on consumer goods companies throughout the state of Oregon.
And this year, we’re proud to be sponsors of the inaugural Built Up Festival, a first of its kind event that brings both startups and established companies from around the state of Oregon together to discuss the opportunities and challenges that consumer goods companies face.
To us, it was important in year one to really connect the dots of the consumer product legacy and impact in Oregon. It’s a legacy that is stitched together through stories, insights, and a sense of collaboration. In that vein, we have set up a series of fireside chats, conversations that will look to bridge the rich legacy and highlight the current trends and innovations.
From food and beverage to apparel, footwear, and product design the founders who are participating in these conversations have stories that will not only instigate discussions, but also inspire the next generation of consumer leaders.
But it’s not just about presentations, it’s about conversations. The event will feature opportunities for discussions and brainstorming among founders, buyers, and investors, enabling folks to make connections that are often hard to come by in the real world. Because those sorts of connections and peer mentoring are what PIE is all about.
More soon on PIE opportunities for consumer products startups, but if you’re building a company focused on clothing, beverage, food, hardware, tools, vehicles, or any other sort of consumer-facing product, we’d love to hear from you.
For more information on the event or to RSVP, visit Built Up Festival. For more information on the organization, visit Built Oregon. And if you’re a consumer goods startup, please stay tuned to PIE as we ramp up this next phase of our efforts.
We always talk about PIE being “an ongoing experiment.” But what exactly does that mean? Well, as we were preparing to embark on a whole new series of experiments, we took a few minutes to diagram the experiments we’ve already tried, to date.
It helped us visualize our history. So we thought it might be helpful to share.
We’re always pleased to see our startups growing and hiring talented folks. If you’re looking for a new gig or are simply curious about the roles available at PIE alum companies, please consider the following job openings:
Your health is so much more than just your daily activities. It’s a reflection of your holistic well-being, from getting enough sleep and proper nutrition to practicing mindfulness and participating in physical activity.
So why is it so many digital fitness products only focus on measuring performance with binary, isolated pieces of the puzzle: solely counting steps, calories, or minutes?
The results of that exploration? All Day, a collaboration between Uncorked and adidas that was recently released.