Giftbit Team

Welcoming Giftbit to the Founders’ Co-op family

This is a super-fun investment to be able to announce, because it ties together so many of the threads of our work here at Founders’ Co-op. Giftbit is a Victoria, BC company that helps large-scale issuers of digital gift credits (think brands like Starbucks, Amazon and eBay) and volume buyers of those credits (pretty much any digital continue…

Seattle

How Seattle is getting growth right

On Monday I noticed this article in my feed and was sucked in by the very first line: “Among the credible candidates to be the economic capital of the 21st century, the oddest and most reluctant has got to be San Francisco.” The crux of the author’s argument is that, by every other indicator, San Francisco continue…

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Welcoming Kitt.ai to the Founders’ Co-op Family

I’m excited to be able to finally talk about this one as it took some doing to bring it all together. KITT.AI is a new Seattle company that emerged from the Allen Institute for Artificial Intelligence. AI2 is a private, Seattle-based AI research institute headed up by longtime UW Computer Science and Engineering leader (and serial entrepreneur) Oren continue…

cornucopia_cat

Surplus > Volume

I was on a call with a pair of entrepreneurs last week and said something that seemed obvious to me, but was clearly news to them: “It’s not enough to have a market with strong volume, it needs to also have a big enough surplus.” This team was trying to sell me on a market continue…

roosevelt_UW

Startup Hall — One Year Later

There was a traffic jam last night in Startup Hall. At six o’clock, sixty-plus angel investors were wrapping up a discussion hosted by the Seattle Angel Fund; while another, even larger group of Techstars founders and mentors were milling around in the main reception area, waiting to kick off a speed-dating style Mentor Mixer that officially continue…

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Auth0 + Founders’ Co-op

I’m excited to be able to announce our investment in another great Seattle-area company today: Auth0 just raised $6.9 million, led by Sunil Nagaraj at Bessemer Venture Partners, with support from Manu Kumar at K9 Ventures. This was a later and larger round than we typically participate in as a fund, but CEO Jon Gelsey continue…

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Cascadian Capitalism Update: Introducing Canopy

Eighteen months ago I posited the emergence of a different flavor of global capitalism here in the Pacific Northwest, which I described as “big tent” capitalism, subsequently amended to the more region-specific “Cascadian Capitalism“. My assertion was — and is — that: Seattle is emerging as a global leader in fusing the growth-oriented culture of continue…

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Seattle’s Startup Hall partnership goes global as Techstars scales up, acquires UP Global

Eighteen months ago we announced a four-way partnership among UP Global, Techstars Seattle, Founders’ Co-op and the University of Washington to create an end-to-end support system for high-performing Pacific Northwest entrepreneurs here in Startup Hall. By bringing the UW’s proven strength in global talent development, Startup Weekend’s excellence in entrepreneurial education, Techstars’ world-leading model for startup acceleration and Founders’ continue…