OregonStartups.com News

Seattle Taps its Inner Silicon Valley

A recent New York Times article notes that "The Seattle start-up ecosystem is vibrant, and growing rapidly"

IPOs up in 2007

According to IPOHome.com, during 2007, all of the talk about IPOs was that London and Hong Kong were stealing the New York IPO market’s thunder. But, with the largest number of IPOs and highest dollar volume since 2000, the 2007 U.S. IPO market performed well against the backdrop of the subprime and credit market crises.

Here's the IPO data from 2003 on:

	2003	2004	2005	2006	2007
No. of Deals	68	216	194	198	234
Total Proceeds (billions)	$15	$43	$34	$43	$54
Average Deal Size (millions)	$224	$198	$175	$217	$229

Greenlight Greater Portland welcomes New CEO

Greenlight Greater Portland, a primarily private-sector group devoted to promoting the economic vitality of the greater Portland region, announced earlier this month it has hired its first full-time CEO: Tom Priest. (The press release is here.)

10 Signs you're in a Tech Bubble

According to The Register,  we're in the middle of one the longest running bull markets for sometime. Just three of the past 15 bull markets have lasted longer than five years - we're currently at year 4.5  The first few items on their list of signs that you're in a tech bubble:

• Companies launch frivolous products
• Loads of money
• Unsavory trading practices
• Preaching to the converted
• Bogus numbers

14,000 High-Tech Job Cuts in 24 Hours

According to an Austin Statesman article, the week of May 22 was a lousy one to be a tech worker, and some say it may be getting worse.  Dell Inc., IBM Corp. and Motorola Inc. made or announced more than 14,000 job cuts in a 24-hour period.