Portland Seed Fund pledges ‘tough love’ for entrepreneurs

Managers of the nascent Portland Seed Fund http://portlandseedfund.com/ have crafted an unconventional model for backing startups, asking companies to prove their mettle within 90 days — or be cut off.

It’s a kind of "tough love," said Angela Jackson, a longtime Portland startup consultant and one of two partners in Bridge City Ventures, which will manage the fund.

"You throw a little bit out, and you see who can show that they can make traction," she said.

Mike Rogoway, The Oregonian

Full Story: http://www.oregonlive.com/business/index.ssf/2010/10/portland_seed_fund_pledges_tou.html