2018 GREATER SEATTLE INNOVATION ECOSYSTEM REPORT
R. Joe Ottinger Iinnovate Leadership Network [email protected]
Denis Trapido Faculty Coordinator
Jessica Partnow and Ella Stefoglo University of Washington Bothell, School of Business
1 February 2019 2018 Seattle Technology Ecosystem Study Dear Readers,
Now in our fourth year, the Puget Sound Innovation Ecosystem Report is published in conjunction with the University of Washington. The initial impetus for the report was to help entrepreneurs in the Puget Sound Region (Greater Seattle) understand the resources available to them as tech start-ups and scale-ups. Over time, we have expanded the report with the belief that a healthy innovation economy can improve companies, communities, and lives. We are happy to share our insights with you as we continue to explore building a healthy innovation economy.
This 2018 report is our most ambitious to date, and includes the networks of investors, professionals, service providers and other resources supporting tech, health & life sciences, women in tech, commercial real estate, and Government elements of our Greater Seattle innovation ecosystem.
A big thank you is due to the University of Washington Bothell, and the Greater Seattle innovation community of leaders, investors, service providers, and professionals for making this year’s report possible. We hope find it to be a valuable resource, and look forward to receiving your feedback at info@ innovatenetwork.com so we can improve future reports.
Best wishes for a great 2019!
R. Joe Ottinger CEO of Iinnovate Leadership Network
P.S. Please Note that most everything that is underlined in the report is a Hyperlink to make it easier to contact the resources that could be helpful to you!
2018 Seattle Technology Ecosystem Study 2 ABOUT THE AUTHORS
Iinnovate Leadership Network (pronounced “I innovate”) is an advisory firm and leadership network helping companies succeed in today’s innovation economy. Iinnovate’s services include: consulting, executive coaching, CEO forum groups, and Board retreats to help companies innovate, operate, and perform like today’s top performing technology companies. Iinnovate was founded by Joe Ottinger a former management consultant with Harvard Business School professor John Kotter, tech executive with public and private technology companies, and author of books and articles on innovation and leadership. Joe cares deeply about transforming companies, communities, and lives through innovation. Iinnovate has published the Greater Seattle Innovation Ecosystem Guide for the last 4 years, providing insights to entrepreneurs, investors, professionals, service providers, and support organizations.
The University of Washington Bothell is a rapidly developing UW campus just north of Seattle. Its School of Business focuses on top quality research, excellence in teaching, and community engagement. The School’s undergraduate and MBA programs inspire business excellence by ensuring that current and future leaders have the skills needed to be successful in a constantly changing business world. UW Bothell is known for providing a participatory student experience grounded in hands-on learning, close relationships with faculty as teachers and mentors, and the personalized support of staff who are dedicated to student success. The campus is also distinguished by its focus on cross-disciplinary research and creative practice, connected learning and community engagement.
2018 Seattle Technology Ecosystem Study 3 TABLE OF CONTENTS
EXECUTIVE SUMMARY GREATER SEATTLE INNOVATION ECONOMY 6 Innovation Ecosystem And Flywheel Model Innovation Ecosystem Startup Ecosystem Local/Regional Ecosystem Global Ecosystem
Figure 1: Washington State Investment in R&D (2017) Figure 2: # Patents Issued By State (2018) Figure 3: Measures of Startup Competitiveness Figure 4: U.S. VC Amount ($M) Invested by State (5 Years) Figure 5: U.S. VC Deal Count by State (5 Years) Figure 6: Measures of Regional Competitiveness Figure 7: Measures of Global Competitiveness
METHODOLOGY 12
GUIDE TO SEATTLE’S TECH ECOSYSTEM 13 Market Summary List of Top Media, Support Organizations, And Other Resources Reports Tech Tools & Resources
Figure 8: Tech Sector At A Glance Figure 9: Greater Seattle VC Investment Activity (5 Years) Figure 10: % Change In VC Investment Activity By Stage (Q4 2018 v. Q4 2017) Figure 11: Top 10 Tech Company Investment Capital Raised In 2018 Figure 12: Top Greater Seattle VC Funds in 2018 Figure 13: Active VC Investment Firms From Out Of State
GUIDE TO GREATER SEATTLE’S HEALTH & LIFE SCIENCES ECOSYSTEM 20 Market Summary Health & Life Sciences Support Organizations Health/Life Sciences Media And Support Information
Figure 14: Health & Life Sciences Sector At A Glance Figure 15: Top Health & Life Sciences Exits in 2018 Figure 16: Top 10 Health & Life Sciences Investments 2018 Figure 17: Active Health & Life Sciences VC Firms With Offices In Washington State
2018 Seattle Technology Ecosystem Study 4 GOVERNMENT AND CROSS-SECTOR INNOVATION ECOSYSTEM INITIATIVES 26 Current Cross-Sector Initiatives
INDEX OF TOP PROFESSIONALS, SERVICE PROVIDERS, AND SUPPORT ORGANIZATIONS 29 Index 1: Active Tech Angel Networks & Start-Up Studios Index 2: Active Health & Life Sciences Angel Networks With Offices in MSA Index 3: Active Tech Venture Capital Firms Index 4: Active Health & Life Sciences VCs With Offices in PNW MSA Index 5: Strategic Corporate Investors in MSA Index 6: Family Office And Closely Held PE Investors Index 7: Top Corporate Tech Lawyers Index 8: Select Commercial Banks Servicing Health & Life Sciences 2018 Index 9: Top Accountants in MSA Index 10: Top Service Providers in MSA Alternative Financing Venture Debt Executive Coaching & Leadership Development Financial Consulting & Outsourcing HR Consulting and Outsourcing Innovation, Scaling, and Renewal Advisory Insurance Investment Banks Leadership Networks Marketing Firms Patent Lawyers Talent Recruiting Sales Consulting & Outsourcing Strategy Index 11: Top Health & Life Sciences Organizations Index 12: Commercial Real Estate Brokerage Firms Index 13: List of Seattle Accelerators, Incubators, Co-Working Spaces & Startup Studios Index 14: Top Women Angel Investors Index 15: Women-Focused Angel Networks and VC Funds Index 16: Women’s Organizations For Tech and Health/ Life Sciences Index 17: Major Government And Academic Organizations In The MSA Index 18: Tech MeetUp Groups
RECOGNITION & THANKS 70
2018 Seattle Technology Ecosystem Study 5 EXECUTIVE SUMMARY GREATER SEATTLE INNOVATION ECONOMY
2018 was a banner year for Greater Seattle’s innovation economy following record-breaking trend of investments and company value creation nationally. Most areas of the innovation economy in Greater Seattle were strengthened, including the innovation, start-up, local/ regional, and global ecosystems. In this report we provide a status update relating to the various elements that make up Greater Seattle’s innovation economy, and take a deep dive into the tech and health & life sciences sectors. Following is a summary of 2018’s accomplishments and challenges related to Greater Seattle’s innovation economy, and the fl ywheel eff ect that has resulted from its success.
INNOVATION ECONOMY FLYWHEEL MODEL
INNOVATION ECOSYSTEMS ECONOMY VALUE FLYWHEEL
2018 Seattle Technology Ecosystem Study 6 INNOVATION ECOSYSTEM (STRONG)
MEASURES: Research and IP - The innovation ecosystem includes the networks and institutions that fund, develop, and commercialize intellectual property. In this area Washington State ranks high. Expenditures per capita into federally funded research and development organizations remain strong with the vast amount of funding coming from the federal government and going towards life sciences research. In addition, Washington remains strong when measuring new patents issued, a proxy for innovation. The University of Washington rivals competitors Stanford, MIT, and Harvard, in terms of its innovation investments, licenses issued, patents awarded, and spinouts. In addition, Microsoft and Amazon are two of the top companies in the world patenting new innovation, and Washington State is home to Pacific Northwest National Laboratory (PNNL), a world-class, federally funded research organization. Washington State ranks 7th among states with the most patents issued in 2018 behind California, New York, Texas, Massachusetts, Michigan, and Illinois. (See charts below.)
Figure 1: Washington State Investment in R&D (2017)
Source of R&D Funding Investment ($M) State Rank Federal Government $2.8 13 Industry $16.4 3 Universities $0.2 28 Other $0.6 19 Total $20.0 6 Population (2017) 7.4 13
Source: Research America
Figure 2: # Patents Issued By State (2018)
50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0
Ohio Texas Illinois Georgia California New York Michigan Washington New Jersey Massachusetts Source: USPTO, AztecIP
2018 Seattle Technology Ecosystem Study 7 STARTUP ECOSYSTEM (IMPROVING)
MEASURES: New Company Activity & Investment - The start-up ecosystem includes all of the resources (money, talent, organizations) that support entrepreneurs to successfully start and grow new companies, including investment capital, human capital, and a supportive startup culture and network within a community. Although Greater Seattle ranks behind benchmark cities such as Boston in startup capital by a significant margin, with Boston having almost 4X the investment capital, this year saw the largest growth in new early stage VC and equivalent funds created in Greater Seattle in a decade. Washington State is #5 in total amount of VC capital invested and #6 in VC deal count. In addition, coworking office space, most often used by early stage companies, grew dramatically with coworking office space provider, WeWork growing form 4,320 desks to 16,300 desks, according the PSBJ.
Although there has been great progress, at the same time Greater Seattle was ranked # 20 in startup growth, share of scale-ups, and high-growth density in 2017, according to the Kauffman Foundation, which does an annual study of startup communities. Greater Seattle’s startup ecosystem is hindered by limited early stage investment capital, a smaller pool of successful serial entrepreneurs acting as “Angels” investing back into the startup community, and less founder talent spinning out of established companies such as Microsoft and Amazon to start new companies than is seen in other successful innovation ecosystems. (See tables
Figure 3: Measures of Startup Competitiveness
Categories of Startup Competitiveness Ranking Sources
Total dollar amount of VC capital invested into startups #5 NVCA Venture Monitor Total number of VC investments into startups #6 NVCA Venture Monitor Startup growth, share of scale-ups, and high-growth #20 Kauffman Foundation
Figure 4: U.S. VC Amount ($M) Invested by State (5 Years)
Amt ($M) 2014 2015 2016 2017 2018 ‘17/’18 YOY
California 38,568 44,237 43,024 41,303 77,298 187% New York 6,388 9,166 9,395 12,182 14,312 117% Massachusetts 5,043 8,253 7,098 9,100 11,886 131% Washington 2,203 2,090 1,538 1,740 2,957 170% Texas 2,629 2,554 2,033 2,073 2,687 130% North Carolina 601 1,306 721 998 2,621 263% Illinois 1,621 1,457 1,321 2,046 1,798 88% Florida 1,716 946 1,539 1,046 1,735 166% Colorado 1,174 1,360 1,111 1,181 1,636 139% Pennsylvania 1,349 1,043 1,384 1,036 1,497 144%
Source: PitchBook, NVCA Venture Monitor
2018 Seattle Technology Ecosystem Study 8 Figure 5: U.S. VC Deal Count by State (5 Years)
# Deals 2014 2015 2016 2017 2018 ‘17/’18 YOY
California 3,850 3,816 3,289 3,332 3,063 92% New York 1,248 1,256 1,061 1,107 1,050 95% Massachusetts 662 742 605 647 660 102% Texas 557 594 517 466 427 92% Washington 307 369 299 348 366 105% Colorado 295 331 268 309 283 92% Pennsylvania 274 256 263 252 267 106% Illinois 283 276 286 265 253 95% Florida 303 275 240 265 234 88% North Carolina 157 199 147 185 185 100%
Source: PitchBook, NVCA Venture Monitor
LOCAL/REGIONAL ECOSYSTEM (FACING CHALLENGES DUE TO ITS SUCCESS)
MEASURES: Population growth of tech workers, Stem Education Ranking, Infrastructure To Support Growth, and Affordability - The local/regional innovation ecosystem incorporates the infrastructure that supports a healthy, diverse, affordable, and livable community, and that allows a community to grow and attract the talent, diversity, investment capital, and companies needed to support growth. A major indicator of health in this area is the increase in innovation employment and skilled talent coming from within and out of the state. On this measure Greater Seattle ranks high, with Greater Seattle’s rate of tech talent growth in 2018 - at 25% according to CBRE, topping the rate of tech talent growth in Silicon Valley. Companies from Silicon Valley such as Apple, Google, and Facebook, among others opened large tech offices in Seattle, and this expansion is continuing into 2019.
On the other hand, Greater Seattle’s rapid rate of growth has in many ways outstripped its support infrastructure, which has seen increasing challenges in transportation, homelessness, broadband coverage, and real estate affordability. In addition, stem education lags other States from PreK to University levels, and there is a challenge to train the workers of today and tomorrow to support the growth in innovation related job opportunities. Projections for the years 2020–2025 estimate that out of a total of about 9,125 annual job openings, there will be 5,883 more openings in Computer Science than there are graduates, according to the Government’s Interactive Dashboard. (For measures of regional competitiveness see table below.)
2018 Seattle Technology Ecosystem Study 9 Figure 6: Measures of Regional Competitiveness
Categories of Startup Competitiveness Ranking Sources
State ranking of business with the nation’s fastest #1 (CNBC) growing economy State ranking of concentration of STEM jobs #2 (U.S. Chamber of Commerce)
State Ranking of STEM Job Growth #3 (U.S. Chamber of Commerce) State ranking of % of workforce in tech industries #3 (CompTIA) State ranking of high-speed broadband internet #14 (Broadband Now) State ranking of higher education attainment #19 (U.S. Chamber of Commerce) City ranking for best quality of life #20 (Wallet Hub) Percentage of high school graduates who go directly to #46 (NCHEMS) college (last among high-tech-intensive states)
GLOBAL ECOSYSTEM (IMPROVING)
MEASURES: Global Startup Capital, Tech Talent, And Trade - The global ecosystem includes the networks and organizations that allow a community to compete as a global center for innovation and entrepreneurship. It recognizes that communities vie for talent, investment capital, and other resources, on a global basis. In this area, Greater Seattle is rapidly becoming a global city. This year was the first time that Seattle made theAT Kearny global city list. Greater Seattle’s major corporations, world-class research universities, top healthcare systems, and the Gates Foundation, all operate around the world. World leaders come to Seattle to visit these institutions, and to meet with the people who lead them. In terms of investment capital and deal activity, Seattle ranks 8th in the world in number of deals from January of 2012 to May 20, 2018, according to CB Insights, behind only Silicon Valley, New York, London, Los Angeles, Beijing, Boston, and Shanghai.
In addition, there are a number of initiatives seeking to further strengthen Greater Seattle as a world region including a movement to create a Cascadia Innovation Corridor from Vancouver BC to Seattle and Portland, and UW’s collaboration with China’s leading technology university, Tsinghua University, called the Global Innovation Exchange (GIX), among other initiatives, a summary of which can be found in the indices to this report. (For measures of global competitiveness and challenges see table below.)
Figure 7: Measures of Global Competitiveness
Categories of Startup Competitiveness Ranking Sources
Ranking of VC deals worldwide (January of 2012 to May #8 CB Insights State ranking on talent competitiveness #3 INSEAD U.S. regional city ranking of exports #4 US Census Global cities ranking #48 AT Kearny
2018 Seattle Technology Ecosystem Study 10 INNOVATION SECTORS & INITIATIVES
The rest of the report focuses on key innovation sectors and initiatives related to Greater Seattle’s innovation economy. These include:
The Tech Sector - We take a deeper dive into the tech sector, and in the indices shine a light on the investors, professionals, service providers, and support organizations and leaders that support it.
The Health and Life Sciences Sector - We take a deeper dive into the health and life sciences sector, and in the indices shine a light on the investors, professionals, service providers, and support organizations and leaders that support it.
Women’s Innovation Organizations: We provide resources in the indices to support women in tech and life sciences. We note that according to according to Geekwire, only 8% of the Geekwire 200 companies are run by women in 2018, and nationally only 3% of venture capital dollars went to all-women founding teams in 2017. That’s just $2.5 billion of the $84 billion raised by startups in 2017.
Cross-Sector Innovation Initiatives and Organizations - We take a look at the past and present government initiatives, and identify the key cross-sector initiatives.
2018 Seattle Technology Ecosystem Study 11 METHODOLOGY
This report is a result of over 55 interviews with innovation leaders within the Greater Seattle community, and research using PitchBook, Crunchbase, and the Internet. Media such as GeekWire, and intermediaries such as the Tech Alliance, WTIA, and Life Sciences Washington proved to be invaluable resources as well. We did our best to cross-reference our resources, and sent a draft copy of the report out to all interviewees for review prior to creating this final report.
This study expands on previous studies in a number of important ways:
1 We identify a number of family office investors, which we believe represent a largely untapped pool of venture investment capital 2 We created our first Health and Life Sciences sector report and index of key resources 3 We capture resources for Women in STEM careers in the indices; 4 Finally, we identify a number of the major Government bodies and initiatives impacting the innovation ecosystem
A more detailed summary of our methodology is outlined below:
Interviews: • Our team conducted interviews with 56 people in the Puget Sound Area including investors, professionals, and service providers • Interviews explored macro level changes, trends, successes and challenges, as well as individual and firm-level investment strategy, changes, and trends • Interviewees also contributed to listings of top investors, professionals, and service providers
Research Data: • 2018 numbers are for Jan 1-Dec 31, 2018 unless otherwise noted • The Region is the Seattle-Tacoma Metropolitan statistical area (referred to in this report as Greater Seattle and often referred to as the Puget Sound Region) • Data is from PitchBook, Crunchbase, Internet searches, Washington State agencies, and globally recognized research organizations
Criteria For Identifying Organizations within the Indices: • Investors – We used PitchBook data to identify the largest funds and most active investors (Angel Networks, VCs, Strategic investors, Family Offices). We cross- referenced this with Crunchbase and interviews. • Law firms - We use PitchBook data to see which are the most active law firms. We also used interviews to identify the top tech lawyers within those firms as identified by interviewees. • Accountants - Same as law firms. • Other service providers - We used interviews to identify firms and individuals recommended by investors and other interviewees. In addition, we conducted internet searches to validate the data about the firms.
2018 Seattle Technology Ecosystem Study 12 GUIDE TO SEATTLE’S TECH ECOSYSTEM
13 2018 Seattle Technology Ecosystem Study MARKET SUMMARY
ICT in Washington State represents $36.4 billion in revenue to the state and employs over 200,000 people. It is home to world-leading tech companies Amazon and Microsoft as well other public tech companies such as T-Mobile, Expedia, F5 Networks, Zillow, Tableau, Cray, Redfin, Avalara, among others. In addition, global tech leaders from Silicon Valley, including Google, Facebook, and Apple, among others, have opened significant offices in Greater Seattle. Greater Seattle is also considered the leader in a number of technology areas including Cloud Computing with #1 and #2 players Amazon AWS and Microsoft Azure, Machine Learning with AI2 and the University of Washington, next generation e-commerce, with Amazon, and gaming where Washington State ranks third in the nation with 242 active gaming studios. (See Figure 8 for a summary of major facts about Greater Seattle and Washington State’s tech sector.)
In terms of the tech investments, Greater Seattle had a record-breaking year. (See Figure 9 for investment activity in 2018.) In Q2 alone Washington State had $793 million in capital invested, the highest since 2015, and the second-largest amount since the dot-com era, with the majority of the growth coming from later stage VC investments. At the same time, early stage VC investing in 2018 declined while Angel investing grew to fill in the gap. (See Figure 10 for % change in investments by stage.) The top 10 company’s raising capital in 2018 all raised over $50 million in later stage VC investment capital. (See Figure 11.) The top local VC fund by far in terms of # local deals and amount of capital invested is Madrona Venture Group, which continues to expand into very early stage funding and support resources. (See Figure 12.)
Maybe the biggest news in the last two years was the number of new local VC funds, which was the largest increase in a decade. New local VC funds raised record amounts of money to invest as well including Madrona $300 MLN Venture Group’s most recent fund ($300 million), Pioneer Square Labs ($80 million), Flying Fish Partners ($27.8 million), and Maveron’s most recent fund ($170 million in 2017). In addition to local VC funds, another major trend is the influx of later stage capital from $80 MLN VC firms outside of Greater Seattle. For instance, the number of Seattle-area startup deals involving Silicon Valley investors has more than doubled in the past decade, according to data from Dow Jones Venture Source. Today, well over 50% of all VC investment $27.8 MLN capital comes from outside of Greater Seattle primarily from firms that invest in later stage growth equity.(See Figure 13 for the most active funds investing in Greater Seattle from outside the market.)
A summary of facts about the tech sector can be found $170 MLN in the tables below:
2018 Seattle Technology Ecosystem Study 14 Figure 8: Tech Sector At A Glance
Facts Sources
WA State Dept. of Firms 14,000 Commerce WA State Dept. of Revenues $36.4 billion in revenue annually Commerce
$22 billion; State-level payroll coming from the tech WA State Dept. of Payroll industry is 18.4% of total Commerce
Nearly 200,000 (includes employees, sole WA State Dept. of Jobs proprietors, independent contractors, and ICT Commerce positions at non-ICT companies)
$110,000-$140,000 WA State Dept. of Median Wages (In positions essential to ICT) Commerce
Cloud computing, Machine learning, E-Commerce, Internet research, Leading Technologies Gaming Interviews
National Venture Leading Global Tech Microsoft and Amazon Capital Association, Companies and PitchBook
Tech Investment Capital Record-breaking year with $2.75 billion in VC fund- Web research
Madrona Venture Group ($300 million), Pioneer Internet research, New Tech VC Funds Square Labs ($80 million), Flying Fish Partners PitchBook ($27.8 million of $80 million planned), Maveron
Growth in VC investment Outside of State funding accounts for over 50% of VentureSource from out of state total
Figure 9: Greater Seattle VC Investment Activity (5 Years)
Capital Invested and Deal Count
3500 400
3000 350
300 2500 250 2000 200 1500 150 1000 100
500 50
0 0 2014 2015 2016 2017 2018
Capital Invested Deal Count
2018 Seattle Technology Ecosystem Study 15 Figure 10: % Change In VC Investment Activity By Stage (Q4 2018 v. Q4 2017)
200%
150%
100% Deal Count Capital Invested
50%
0%
Total Pre-VC -50%
Early Stage VC Later Stage VC Source: National Venture Capital Association, and PitchBook
Figure 11: Top 10 Tech Company Investment Capital Raised In 2018
Company Description Deal Size ($M) Name Convoy Provider of on-demand shipment services 185 Avvo Provider of an online legal marketplace 175 Rover Developer of a pet-sitting network designed 155 Providing cost-effective small-satellite services and solutions Spaceflight to enable new applications through the commercialization of 150 Industries space DreamBox Provider of an educational platform 130 Remitly Provider of a mobile payment platform 115 Qumulo Provider of a cloud-based enterprise data storage platform 93 Outreach is a sales engagement platform that accelerates Outreach revenue growth by optimizing interactions throughout the 65 customer lifecycle. Auth0 Auth0 operates a cloud based identity platform for developers 55 RealSelf is an online community where people can ask ques- RealSelf tions, share experiences and connect with doctors providing 55 cosmetic treatments.
Source: Pitchbook and Crunchbase
2018 Seattle Technology Ecosystem Study 16 Figure 12: Top Greater Seattle VC Funds in 2018
# # Amount of Amount % in % in Investments Investments Investments Investments WA WA in WA Total in WA Total Madrona Venture 32 41 78% $94.6 $129.3 73%
Voyager Capital* 10 20 50% $4.0 $6.5 62%
Founder's Co-Op* 9 9 100% $2.3 $2.3 100%
Keiretsu Capital* 8 29 28% $0.6 $2.6 23%
Unlock Venture Partners* 7 11 64% NA NA NA
Keeler* 5 6 83% $0.8 1.0 80%
Flying Fish Partners* 5 7* 71% NA NA NA
Maveron* 4 24 17% $1.3 $36.9 4%
Ignition Partners 4 9 44% NA NA NA
Trilogy Equity Partners 3 9 33% NA NA NA
Tola Capital 2 7 29% NA NA NA
Second Avenue Partners 2 4 50% NA NA NA
Curious 2 3 67% NA NA NA
Vulcan Capital NA 23** NA NA NA NA
Amazon Alexa Fund NA 18** NA NA NA NA
* Note 1: Source: numbers are self-reported for these firms ** Note 2: Source: PitchBook and Crunchbase. We were not able to get information on WA State deals for Vulcan Capital and Amazon Alexa Fund, only global deal count
Figure 13: Active VC Investment Firms From Out Of State
Out of State VC Firms (Alphabetical) Accel Liquid 2 Ventures Alumni Ventures Group Mayfield Andreessen Horowitz Menlo Ventures Meritech Capital Partners Sapphire Bessemer Venture Partners Ventures, CapitalG Management Sequoia Capital Cross Creek Advisors Shasta Ventures DFJ Trinity Ventures Fuel Capital True Ventures Intel Capital Two Sigma Ventures
Source: Pitchbook
2018 Seattle Technology Ecosystem Study 17 LIST OF TOP MEDIA, SUPPORT ORGANIZATIONS, AND OTHER RESOURCES
GeekWire - is a technology website with strong roots in the Pacific Northwest Region. Also, this company hosts multiple events and meetups such as the GeekWire Summit held in fall. Tech reporters include: Taylor Soper ([email protected]) covers a wide variety of tech assignments, including emerging startups, the sharing economy and the intersection of technology and sports.
Puget Sound Business Journal – is a media company covering local business news and analysis. Tech reporters include: Casey Coombs ([email protected]) covers technology and biotechnology; Ashley Stewart ([email protected]) covers technology and finance.
Underwire – is a newsletter for women kicking ass in business - Britt Stromberg
Seattle Business Magazine Strategic News Services (SNS) – is the world’s most reliable source of advanced information at the intersection of technology and economics. Mark Anderson ([email protected])
The Seattle Times – Greater Seattle’s top general news source. Tech editors include: Rami Grunbaum ([email protected]) is the business editor; Rachel Lerman ([email protected]) is Microsoft and Technology Reporter.
Seattle Office of Economic Development – Home to Startup Seattle, the city’s Office of Economic Development advocacy arm for startup growth. They provide resources, job postings, startup tech event postings and best practices/advice for the tech startup community
New Tech Northwest - New Tech Northwest is an active community movement of innovation lovers helping each other build tomorrows careers and companies together, and connecting, growing and supporting the technology ecosystem across the Northwest.
TechAlliance - TechAlliance is a non-profit organization of leaders comprised of research institutions and Washington’s technology-based businesses with a vision of a bright innovative economy that aims to provide benefits for the state’s citizens. The organization hosts programs, policy activities, data analysis and more.
Washington Technology Industry Association - WTIA is the unifying voice for the technology community in Washington. They consolidate the power of member companies to solve business problems tech companies can’t solve on their own.
2018 Seattle Technology Ecosystem Study 18 REPORTS
The Entrepreneurs Report: Private Tech Company Financing Trends 3Q 2018 Series of reports from Wilson, Sonsini, Goodrich & Rosati (WSGR) that analyzes deal volume represented by WSGR. Dow Jones VentureSource recently named WSGR as the leading law firm for U.S. ventures financings in the first, second, and third quarters of 2017.
First Round State of Startups 2017 Annual survey of Startup companies compiled by venture capitalist firm First Round.
2018 State Of Venture Capital (PitchBook) – 15 charts summarizing the VC investment trends in the region.
GeekWire 200 - GeekWire 200 is a ranked index of Pacific Northwest startups using publicly available data to identify the tech companies most popular and trending among key online communities. The ranking is generated each month from GeekWire Startup List, a comprehensive directory of the region’s tech startups.
TECH TOOLS & RESOURCES
Entrepreneur Resources & Tools - Wilson Sonsini Goodrich & Rosati - Provides a Term Sheet generator and Convertible Note Term Sheet Generator. By completing an online questionnaire, users are guided through the principal variables contained in a venture financing term sheet or convertible note term sheet.
Keiretsu Due Diligence Handbook -This handbook by Keiretsu Forum provides a comprehensive due diligence process that is applied to companies prior to member investment.
Model Angel Term Sheet - This is a sample term sheet used by the Alliance of Angels
Model Legal Documents from National Venture Capital Association - Term sheets and much more developed by a committee of attorneys from across the country.
Ownyourventure.com - An equity simulation tool that demonstrates the effect of multiple rounds of venture funding.
Startup Percolator - Perkins Coie LLP - Provides extensive free resources for startups and growth companies on creating business plans, structuring, formation, IP strategy, financing and advisors.
Startups University - In-depth lessons from the leaders of successful startups.
The Ultimate Guide to Business Plans - A comprehensive and step-by-step guide to writing a business plan.
Steve Blank - Resources provided by tech and entrepreneurship guru, Steve Blank
2018 Seattle Technology Ecosystem Study 19 GUIDE TO GREATER SEATTLE’S HEALTH & LIFE SCIENCES ECOSYSTEM
20 2018 Seattle Technology Ecosystem Study MARKET SUMMARY
The Seattle region is among the 7th largest health and life sciences centers in the country behind Boston, the San Francisco area, San Diego, Raleigh-Durham, Philadelphia and the Washington, D.C., 1,144 area, according to a JLL report. Washington State’s health and life ORGANIZATIONS Sciences sector includes 1,144 organizations located in 110 cities, and is adding approximately 80 firms a year according to Life Sciences Washington’s annual Economic Impact report and a JLL report. The sector accounted for $22.7 billion in total economic activity and contributed $11.5 billion in value-added activity to 110 CITIES the state’s gross domestic product (GDP). In addition, over the year’s 2014 – 2017 employment in the life sciences industry in Washington State grew 13%, the strongest growth in a decade, according to Life Sciences Washington report. (See Figure 14 for a summary of Greater Seattle and Washington State’s Health and Life $22.7BLN Sciences Sector.)
The Sector also includes top tier research universities such as the University of Washington and Washington State University, along with a multitude of private non-profit research institutions—including renowned organizations like the Fred Hutchinson Cancer Research Center, the Bill and Melinda Gates Foundation, Seattle BioMed, PATH, The Allen Brain Institute, the Institute for Systems Biology, the Infectious Disease Institute, Children’s Hospital, Virginia Mason, Pacific Northwest Diabetes Institute, and the Pacific Northwest National Labs, among others.
In terms of investment activity in Greater Seattle’s health and life sciences Sector, 2018 was a banner year with more than $11.5 billion in life science transactions (IPO’s, M&A activity and venture equity investments. These included significant exits (Juno Therapeutics, Cascadian Therapeutics, and Universal Cells – see figure 15), as well as two IPOs (Alder Biopharmaceuticals and CTI Biopharma). In addition, Venture capital investment dollars were up even though the deal count was down, similar to the Tech Sector. (A list of the top 10 later stage VC investments in Greater Seattle health and life sciences firms can be found in figure 16.) Two Seattle-based venture capital funds focused on health and life sciences raised significant capital to invest as well in 2018 including Frazier Healthcare Partners ($780 Million) and Biomatics Capital ($300 Million). (For a list of active VC firms located in or with a significant presence in Greater Seattle see figure 17.)
With all of these positive signs, there are still some drags on the health and life sciences industry in Greater Seattle compared to other top metropolitan areas. Foremost is the erosion of state support for R&D tax incentives, loss of the Life Sciences Discovery Fund, and the elimination of the Washington’s Global Health Fund. In addition, although Washington State continues to be among the best in the nation in attracting federally-funded research, the state lags in translating that research to industry-led R&D and related job growth. A summary of the state of the health and life sciences sector of the economy can be seen in the tables below.
2018 Seattle Technology Ecosystem Study 21 Figure 14: Health & Life Sciences Sector At A Glance
Ranking/ Categories Sources Statistics WA State Dept. Of Size of employment sector in the state #5 Commerce State Ranking in Health Care Access #9 US News HC Rankings State Ranking in Health Care Quality of Care #3 US News HC Rankings
State Ranking in Public Health #9 US News HC Rankings
Contribution to State’s gross domestic product $11.5 billion Life Sciences WA Report Number of Firms: • Biopharma companies 191 WA State Dept. Of • Medical device companies 294 Commerce • Non-profit research institutions 78 Jobs in State: • Direct jobs 35,914 Life Sciences WA Report • Indirect jobs 57,000 Number of Washington cities that host life science companies, research institutions and non-profit 110 Life Sciences WA Report organizations
Average annual wages for Washington workers in $93,146 Life Sciences WA Report the life sciences
Global health information: • Global health organizations 268 2018 WA Global Health • Global health employees 14,000 Alliance Study • Global health output & revenue $8.8 billion
Figure 15: Top Health & Life Sciences Exits in 2018
Company Name Acquirer Deal Size ($M)
Juno Therapeutics Celgene Corporation $10,000 Cascadian Therapeutics Seattle Genetics $600 Universal Cells Astellas Pharmaceuticals $103
Note: Wildflower Health was acquired by Circle Women’s Health, and Integrated Diagnostics acquired Biodesix for undisclosed amounts in 2018
Source: Life Sciences WA
2018 Seattle Technology Ecosystem Study 22 Figure 16: Top 10 Health & Life Sciences Investments 2018
Deal Size Company Name Description ($M) Developer of universal, off-the-shelf cell therapies for patients Nohla Therapeutics 56 with hematologic malignancies and other critical diseases RealSelf Developer of elective cosmetic treatment platform 55 Provider and operator of an online healthcare platform and Care Zone 50 pharmacy delivery service Accolade * Provider of a personalized health and benefits platform 50 Provider of text-based primary care anytime, anywhere with 98Point6 machine learning technology combined with board-certified 50 physicians
Silverback Operator of a biotechnology platform designed to develop 48 Therapeutics orthopedic devices
Developer of a minimally invasive medical device designed to Cardiac Dimensions 39 reshape the course of heart failure Provider of precision cannabinoid-based therapies to improve Receptor Life Sciences 36.5 human health Developer of biomedical devices intended to treat central Impel NeuroPharma 36 nervous (CNS) disorders
Magnolia Developer of novel therapeutics designed to treat 31 Neurosciences * neurodegeneration and neuronal injuries
Developer of a medical technology platform designed to EndoGastric offer incision-less surgical technologies for the treatment of 31 Solutions * digestive diseases
* Notes: Accolade is headquartered in Pennsylvania, however its primary base of operations has moved to Seattle. Source: Pitchbook
Figure 17: Active Health & Life Sciences VC Firms With Offices In Washington State
VC Firms # Deals * VC Firms # Deals *
ARCH Venture Partners 28 Altitude Life Science Ventures 5 Keiretsu Capital 21 Biomatics Capital 5 Frazier Healthcare Partners 11 SpringRock Ventures 4 AngelMD 7 Vulcan Capital 3 Echo Health Ventures 6 Providence Ventures 3 WRF Capital 5 * Note: Deals are total health & life sciences deals world- wide, and not necessarily those in Greater Seattle
Source: Pitchbook
2018 Seattle Technology Ecosystem Study 23 HEALTH & LIFE SCIENCES SUPPORT ORGANIZATIONS (Sources: Life Sciences WA, iLove Seattle, Internet Search, and Interviews)
Cambia Grove - Cambia Grove is a health care work space for innovators, community organizers and entrepreneurs leading the way for new solutions related to health care. Space available for networking events.
Collaborative on Health and the Environment Washington (CHE-WA) - CHE- WA brings together healthcare providers, members of health-affected groups, environmental health experts, justice advocates and other concerned citizens committed to addressing environmental health issues linked to chronic health concerns in Washington
HIMSS (Healthcare Information and Management Systems Society) - Washington State The Washington State chapter of HIMSS is where local IT professionals in the healthcare sector meet to advance learning and facilitate the exchange of ideas amongst its members.
Life Sciences Washington (formerly WBBA) - Life Science Washington is an independent, non-profit 501(c)(6) trade association whose mission is to stimulate life science innovation, job creation and ecosystem vibrancy across Washington state through engagement, collaboration, promotion, and advocacy. Serving more than 500 members, Life Science Washington brings together research institutions, investors and innovators to grow the state’s life science economy.
National Science Communication Institute (nSCI) - nSCI works to accelerate scientific discovery and time-to-market by promoting more open, effective approaches to research scientists’ communications with key audiences, stakeholders and each other.
Washington Health Alliance - The Washington Health Alliance brings together those who get, give and pay for health care to create a high-quality, affordable system for the people of Washington state.
Washington Global Health Alliance - WGHA connects and informs Washington’s global health community, creating a culture of collaboration at home so our members can have more impact in the world. We envision a Washington global health community that fulfills its greatest collective potential for achieving global health equity.
Washington State Health Information Management Association (WSHIMA) - The Washington State Health Information Management Association (WSHIMA) is a non-profit association of professionals engaged in health information management providing support to members and strengthening the industry and profession.
2018 Seattle Technology Ecosystem Study 24 HEALTH/LIFE SCIENCES MEDIA AND SUPPORT INFORMATION
Media
PSBJ Health and Life Sciences Reporters: Jim Hammerand is the Managing Editor [email protected], 206-876-5431
Casey Coombs, biotech and tech reporter [email protected], 206-876-5434
Seattle Times Health and Life Sciences Reporters: Rachel Lerman, Tech reporter [email protected] O: 206-464-2238
Support Information
The Life Sciences Report From Wilson Sonsini - Series of reports from Wilson, Sonsini, and Goodrich & Rosati (WSGR) that analyzes deal volume represented by WSGR. WSGR was recently named by Dow Jones VentureSource as the leading law firm for U.S. venture financings in the first, second, and third quarters of 2017.
Washington Global Health Landscape Study - The Washington Global Health Alliance (WGHA) released its 2018 Washington Global Health Landscape Study highlighting the number of Washington-based organizations working in global health, the value they bring to Washington, and how they are preparing for the future.
Job Listing Links
Life Sciences Washington Career Center Indeed.com – Life Sciences Science Careers - Washington Hire Life Sciences - Washington Washington Life Sciences LinkedIn Life Sciences - Washington State
2018 Seattle Technology Ecosystem Study 25 GOVERNMENT AND CROSS-SECTOR INNOVATION ECOSYSTEM INITIATIVES
26 2018 Seattle Technology Ecosystem Study The Government of Washington State plays a major role in helping to ensure a robust innovation economy by lobbying for federal research dollars, and establishing a favorable business climate to compete regionally, nationally and globally. Washington State has the advantage of no income tax, and has created a number of public/private and academic initiatives helping to improve the innovation ecosystem. In addition, there are a number of current key government, academic, and public/private partnership initiatives that could have long-term benefits for the region, and some that could create challenges. This section provides a high level overview of those initiatives. In addition, in the indices is information on Government, Academic, and other organizations supporting Washington State’s innovation economy.
CURRENT CROSS-SECTOR INITIATIVES:
Some current long-term initiatives with the potential to positively impact the region’s innovation economy, including, cross-sector partnerships that have been launched to improve the innovation ecosystem, are summarized here:
Microsoft $500 Million Investment For Homelessness - Microsoft is dedicating $500 million to fund construction of affordable homes and homeless services in the Seattle region in an effort to alleviate a growing housing crisis driven by the city’s tech boom.
University of Washington’s CoMotion - provides facilities and co-working space, several incubators with business mentoring and services, innovation funding for applied research, tech transfer services, and business partnerships, among other services.
Mobility Innovation Center – Government agencies, The University of Washington, and Challenge Seattle,— a private sector initiative of 17 of the Seattle region’s top CEOs —have partnered to create a new Mobility Innovation Center to advance the region’s goal to be a global leader in building a smart city transportation system. This multidisciplinary Center will bring together the region’s leaders from the business, government, and academic sectors to use technology and innovation to find transportation solutions. Housed at CoMotion at the University of Washington, the Mobility Innovation Center will tackle specific transportation challenges, using applied research and experimentation.
UW’s Global Innovation Exchange (GIX) - The Global Innovation Exchange (GIX) is a new model of experiential education and practice to develop leaders in innovation. Starting with its project and team-based graduate degree programs, GIX will grow to include a broad array of innovation experiences for students, executives, and working professionals. GIX will grow to include a broad array of innovation experiences for students, executives, and working professionals. Founded by the University of Washington, Tsinghua University, and Microsoft, GIX is a global collaboration between leading academic and cross-sector partners. GIX is part of a larger vision…to build a bridge across the Pacific between Puget Sound and Asia.
2018 Seattle Technology Ecosystem Study 27 The Cascadia Innovation Corridor - The Cascadia Innovation Corridor (CIC) is an umbrella term used to reference a number of related cross-sectorial initiatives along the corridor from Vancouver BC, to Seattle, and Portland. An MOU was signed in September 2016 that seeks to strengthen partnerships primarily between Seattle and Vancouver in science, technology, health care, education, transportation, and innovation at large. For a more detailed understanding of the Cascadia Corridor Initiative see a 2017 Briefing by Lewis Coughlin – Canadian Consulate).
UW West Campus Innovation District - The University of Washington set out in its existing plan, which the city approved in 2003, to build a 3 million square feet innovation district, where students and researchers would partner with companies, government institutions and nonprofits. That district would be based in high-rises west of 15th Avenue Northeast. The idea of an Innovation District has been adopted by a number of metropolitan areas to spur growth in mostly technology-based entrepreneurship.
City of Seattle’s Start-up Seattle - The city of Seattle has implemented a program whereby it acts as convener and advocate for local startups.
Startup 425 - Cities of Bellevue, Kirkland, Issaquah, Redmond, and Renton provide access to general business and entrepreneurship advice.
2018 Seattle Technology Ecosystem Study 28 INDEX OF TOP PROFESSIONALS, SERVICE PROVIDERS, AND SUPPORT ORGANIZATIONS
29 2018 Seattle Technology Ecosystem Study INDEX 1: ACTIVE TECH ANGEL NETWORKS & START-UP STUDIOS (ALPHABETICAL LIST)
Firm Primary Contact Investment Focus
Alexa Accelerator is a startup accelerator, powered by Techstars Alexa and based is in Seattle, Washington. It is a new program designed to Aviel Ginzberg Accelerator support early stage companies advancing the state-of-the-art in voice powered technologies, interfaces and applications. Index 1: Active Tech Angel Networks & Start-Up Studios (Alphabetical List) Alliance of Information Technology, Consumer Products & Services, Hardware and Yi-Jian Ngo Angels Life Sciences.
Bellingham Early or middle stage companies in the Pacific Northwest & British J. Michael Newlight Angel Investors Columbia, giving preference to Whatcom, Skagit & Island counties.
Cascade Angels is an angel group investment firm based in Bend, Oregon. The firm’s mission is to create opportunities for investors Cascade Angels Julie Harrelson and businesses in and with connections to Central Oregon to drive economic growth and fuel prosperity.
Cronus Ventures, LLC (Cronus), is an early stage venture capital firm Chronus Haresh Ved that invests in early-stage IT based companies, typically in the seed and Ventures Series A rounds. Cronus is principally a group of angels.
E8 Kristi Growdon Clean Technology or Sustainability Innovations
Female The Female Founders Alliance is a private network of women startup Founders Leslie Feinzaig founders and CEOs, and the community that supports them, who work Alliance together to help each other succeed.
Formerly Tie Angel Group - Through their global network of affiliates iCatalyst Haresh Ved and subject matter experts, they tackle your problems and free you to focus on what is most important for your business.
Technology, Consumer Products, Life Sciences, Real Estate and other Keiretsu Forum Nathan McDonald high growth segments.
We are a start-up studio based in Seattle with deep expertise in Kernel Labs Amit Mital machine learning, computer vision, and security.
Madrona Madrona Venture Labs is a startup studio based in Seattle. We partner Mike Fridgen Venture Labs with founders to build meaningful companies from scratch.
Microsoft Scaleup is an accelerator that provides mentorship and co- Microsoft working office space to start up companies. It offers a four to six month Scaleup program for startups looking to go beyond the development of their product by scaling their businesses.
Pipeline Pipeline Angels is changing the face of angel investing and creating Nellie Fuji Angels capital for women and non-binary femme social entrepreneurs.
2018 Seattle Technology Ecosystem Study 30 Greg Gottesman Geoff Entress PSL is a startup studio and venture capital fund focused on software PSL Ventures Julie Sanders companies. Mike Galgon T.A. McMann
Puget Sound Gary Ritner Early stage funding needs of startups in the Pacific Northwest. Venture Club
Swan Venture B2B software, IoT and scalable hardware, capital-efficient hard-science. Nate Doran Fund Market-accelerating technologies. Low-regulatory-inhibited health.
Techstars Chris Devore Techstars is the worldwide network that helps entrepreneurs succeed. Seattle
TIE Angels Sharmilli Ghosh Early stage funding needs of startups in the Pacific Northwest. Group Seattle
Vashon Partner Scott Larson Software, Transportation, Mobile
Women’s Investment Sonja Erickson Women involved in investing across angels and VCs Network (WIN)
VCs Outside MSA With Offices In MSA
DFJ Bill Bryant Silicon Valley Firm
Liquid2 Mike Miller Partners
2018 Seattle Technology Ecosystem Study 31 INDEX 2: ACTIVE HEALTH & LIFE SCIENCES ANGEL NETWORKS WITH OFFICES IN MSA (ALPHABETICAL LIST)
Investor Name Main Contact Description
AngelMD is a healthcare-focused investing platform that connects leading healthcare startups from all over the world Tobin Arthur AngelMD with investors, physicians, industry executives and private [email protected] capital. The firm was founded in 2013 and is based in Seattle, Washington.
Accelerator Life Science Partners is a vehicle for capital-efficient Accelerator Life info@acceleratorlsp. investment in and management of emerging biotechnology Science Partners com opportunities.
Alliance of Angels is an active angel group that invests in the Yi-Jian Ngo Pacific Northwest group. The firm has invested more than Alliance of Angels yijian@ $100 million and its network of active angel investors is further allianceofangels.com augmented by a $6.6 million seed fund..
Nathan McDonald Investment Focus is Technology, Consumer Products, Life Keiretsu Forum nathan@ Sciences, Real Estate and other high growth segments. keiretsuforum.com
Patricia Beckmann Investment focus is Early stage investments for medical WINGS patricia@ technology companies in the Pacific Northwest. medtechwings.com
Source: PitchBook and Internet Research
2018 Seattle Technology Ecosystem Study 32 INDEX 3: ACTIVE TECH VENTURE CAPITAL FIRMS (ALPHABETICAL LIST)
VC Partners Sector Focus
Acorn Ventures is an early-stage investment fund based in Bellevue, Acorn Fund Rufus Lumry Washington.
Amazon Alexa The Alexa Fund provides up to $200 million in venture capital funding Zain Gulamali Fund to fuel voice technology innovation.
Arnold Venture Technology, Software, Infrastructure and Business Intelligence Cole Younger Group Applications
Clear Fir Clear Fir Partners, L.P. is a venture capital firm specializing in early John Cunningham Partners stage investments in emerging markets and secondary investments.
Cronus is an early stage venture capital firm that invests in early-stage Chronus Haresh Ved IT based companies, typically in the seed and Series A rounds. Cronus Ventures is principally a group of angels.
Curious Capital Andrew Dumont, Alex Technology, Pacific Northwest-based companies
Divergent Todd Warren, Kevin Cloud Infrastructure, Big Data and Data Driven Applications Ventures Ober, Rob Shurtleff
East Seattle Partners makes direct investments in early stage and East Seattle Alan Frazier mature middle market companies, as well as multi-family and Partners commercial real estate properties.
Family Angel FAM Fund invests in seed and pre-seed stage deals in Seattle and San Management Brock Mansfield Francisco. Fund
Flying Fish Heather Redman, Cloud Computing, AI, Speech and Natural Language, Machine Learning Partners Geoff Harris, Frank and IoT.
Founders’ Co- Chris Devore An Early-Stage Venture Fund Op
John Connors, Bob Machine Learning/ Virtualized Apps, Software Defined Everything, Ignition Kelly, Nick Sturiale, Mobile Enterprise, Internet of Things, Security, DevOps, Digital Partners Kellan Carter Transformation, Container World
Imagen Capital John Polchin, Chris Technology Businesses Partners Barrow
Keeler Rochelle Whelan, KIG is the venture capital arm of the Keeler Family Office. They invest in Investments Brock Mansfield seed and pre-seed stage deals in Seattle and SF Group
Keiretsu Healthcare Devices and Supplies, Pharmaceuticals and Biotechnology, Nathan McDonald Capital Services (Non-Financial), Software
2018 Seattle Technology Ecosystem Study 33 Tom Alberg, Paul Goodrich, Scott Advertising Technology, Data & Analytics, Infrastructure, ML & Madrona Jacobson, Len Jordan, Intelligent Apps, SAAS/Cloud, Applications, Devices +Software, Venture Group Matt Mcllwain, Tim Marketing, Networking/Storage, Tech-Enabled Services Porter, S. Somasegar
Dan Levitan, Jason Stoffer, David Maveron Wu, Elise Hebb, Web enabled consumer, Education, Consumer Wellness Clayton Lewis, Pete McCormick,
SeaChange Fund is a venture capital firm based in Seattle which is SeaChange Susan Preston focused on investments in Pacific Northwest growth-oriented start-up Fund companies.
Second Avenue Pete Higgins, Internet, Consumer, Software, Social Media and Clean Energy Partners* Mike Slade
Seven Peaks Dave Parker, Software in the PNW Ventures Tom Gonzer
Stacy Giard Tola Capital Next generation enterprise platforms and applications Sheila Gulati
Scott Alderman, Software, Telecom Devices, Wireless and Video, Cloud Computing, Trilogy Equity Amy McCullough, Internet Infrastructure, Online Marketplaces, Online Training and Partners Yuval Neeman, Peter Online Services
Unlock We are founders and operators that invest in world-changing, seed- Andy Liu Ventures stage tech entrepreneurs in Seattle and Los Angeles.
Vault Capital backs exceptional entrepreneurial teams with innovative Vault Capital Petra Franklin solutions and the endurance to create thriving marketplaces around them.
Voyager James Newell, Bill Software, Cloud and Big Data Applications Capital McAleer, Erik Benson
Steve Hall, Financial Services, Internet & Technology, Life Sciences, Media, Vulcan Capital Ben Kolpa, YB Choi Communications & Consumer
WestRiver Group (WRG) is a collaboration of leading investment firms West River JErik Anderson, that provides integrated capital solutions to the global innovation Group Anthony Bontrager economy.
Sources: PitchBook, Crunchbase, Interviews, Internet Research
* Collective investments from individuals, these are companies that act similar to venture firms but are not funds. Source: PitchBook.com ** Total investments worldwide not just PNW
2018 Seattle Technology Ecosystem Study 34 INDEX 4: ACTIVE HEALTH & LIFE SCIENCES VCS WITH OFFICES IN PNW MSA (ALPHABETICAL LIST)
Investor Name Description
Accelerator Life Accelerator Life Science Partners is a vehicle for capital-efficient investment in and Science Partners management of emerging biotechnology opportunities.
Ackerley Group Ackerley Partners is a privately held investment company founded in June, 2002 with a Partners focus on media and entertainment investment
Altitude Life Science Ventures is a venture capital firm that focuses on investing in Altitude Life Science early-stage life science companies operating in the therapeutics, diagnostics, medical Ventures devices, industrial and chemical reactions, optical displays, agriculture or plant microbiome and DNA sequencing sectors.
ARCH Venture Partners is a venture capital firm which provides seed and early-stage ARCH Venture Partners investments for technology firms in information technology, life sciences, and physical sciences. Bioeconomy Capital is an early stage venture capital firm that is based in Seattle, Bioeconomy Capital Washington. The firm seeks to invest in companies that operate in the biological engineering and production, healthcare and biotechnology sectors.
Biomatics Capital is a venture capital firm that is headquartered in Seattle, Biomatics Capital Washington. The firm was founded in 2016 and it seeks to invest in the healthcare, technology and life science sectors.
Echo Health Ventures is a strategic collaboration between Cambia Health Solutions and Mosaic Health Solutions. The firm aims to act as a platform for investing in Echo Health Ventures transformative healthcare companies by supporting them with capital and strategic advice.
Frazier Healthcare Partners is a private equity firm based in Seattle, Washington. The Frazier Healthcare firm focuses on investing in companies operating in the pharmaceutical, healthcare Partners services, medical products and biotechnology sectors.
Grant Peak Capital is formed by two entrepreneurs that seek to acquire and actively Grant Peak Capital manage small to mid-sized businesses in the Puget Sound Region.
frogVentures is the corporate venture capital arm of frog that make venture capital frogVentures investments. The firm is headquartered in San Francisco, California.
Grey Sky Venture Grey Sky Venture Partners is a venture capital firm focused on investing in the Partners healthcare and medical technology sectors. The firm is based in Bellevue, Washington.
Keiretsu Capital is a venture capital firm based in Seattle, Washington and was established in 2013. The firm aims to provide significant capital appreciation through Keiretsu Capital investment in emerging companies that have been funded by the Keiretsu Forum, as well as other angel groups.
Providence Ventures is the venture capital arm of Providence Saint Joseph Health. The firm seeks to invest in the healthcare, e-commerce and information technology Providence Ventures services sector in the United States. It was founded in 2014 and is based in Seattle, Washington.
RoundGlass Partners is a venture capital firm that seeks to invest in the digital RoundGlass Partners healthcare and wellness sectors. The firm was established in 2014 and is based in Bellevue, Washington.
2018 Seattle Technology Ecosystem Study 35 SpringRock Ventures is a venture capital investment firm that prefers to invest in the convergence of healthcare and technology. SpringRock focuses on investing in the SpringRock Ventures next cycle of healthcare innovation such as the spectrum of SaaS, devices, precision medicine, security, services, oral health and other disruptive providers improving overall health. It invests at all stages of venture financing.
Swan Venture Fund is an active angel fund based in the Seattle, Washington. It leads in Swan Venture Fund early angel seed rounds and seeks to invest in the software, internet of thing, scalable hardware, capital-efficient hard-science, diagnostic and health information technology
Vulcan Capital is a private equity and venture capital firm and investment arm of Vulcan Capital Paul Allen based in Seattle, Washington. The firm focuses on investing in all stages of
WaterStar Capital ("WaterStar") is an international investment firm focusing on A-round venture capital and/or early to mid-stage technology-based companies. The firm has WaterStar Capital positioned its Intellectual Property (IP)-driven equity investment strategies and across border market integration and synergy creation investment philosophy around the concept of "Small Company Big Technology".
Watson Fund, L.P. is a healthcare venture capital fund that specializes in early- stage investments in a broad range of life science opportunities. It seeks to Watson Fund invest in opportunities developed and managed by Accelerator Corporation, with reserves set aside for follow-on investments in companies that meet predefined milestones. The firm is based in Seattle, Washington.
WRF Capital is the venture capital arm of Washington Research Foundation and it specializes in early-stage investments. The firm focuses on investing in companies based in Washington. While actively seeking investments in WRF Capital companies operating in life sciences and enabling technologies, the firm on an exceptional basis invest in companies in the physical sciences, energy, and information technology sectors. The firm was founded in 1981 and is based in Seattle, Washington.
Zoic Capital is a venture capital firm focused on innovations at the intersection of Life Sciences and Medical Technology. The firm invests in transformational, platform technologies with significant intellectual property potential. Zoic looks for companies in early stages of development, with Zoic Capital feasibility established and technology just entering the regulatory approval stage coupled with a well balanced experienced team with novel business models. The firm is headquartered in Bellevue, Washington with offices in Seattle, San Francisco, Minneapolis, San Antonio and Tampa.
Source: PitchBook, Internet Search, and Interviews
2018 Seattle Technology Ecosystem Study 36 INDEX 5: STRATEGIC CORPORATE INVESTORS IN MSA (ALPHABETICAL LIST)
Company Description Contact
Brian T. Olsavsky, SVP and Alexa Fund - provides up to $100 million in venture capital CFO Amazon funding to fuel voice technology innovation. Amazon Corporate Dan Gerrity, AWS Development is its M&A arm. Jeff Blackburn, SVP of Corporate Development
Apptio is a provider of on-demand Technology Business Management (TBM) services. The company enables information Apptio technology leaders to manage the cost and quality of information Kurt Shintaffer, CFO technology services by providing visibility into the total cost of information technology services.
Gates Foundation Venture Capital, the Bill & Melinda Gates Foundation established a strategic investment fund with the Bill and mandate to use equity, debt and guarantee investment tools to Melinda Gates further the philanthropic goals of the organization. The fund has Melinda Gates Foundation become a leader in the “impact investing” industry, successfully completing more than 50 investments across a variety of sectors and asset classes.
Brian Schettler – Horizon X - By leveraging the power of the world’s largest Managing Director of aerospace company, Boeing HorizonX applies its momentum to Boeing Boeing HorizonX new business ventures to unlock the next generation of game- changing ideas, products, and markets. Andrew Ward
Expeditors Strategy Group - exploring new avenues for innovation, differentiation and expansion within Expeditors. Our charter is Expeditors Katy Greve, Director, to make recommendations on potential new opportunities that International Strategy Group leverage Expeditors’ network, expand the company’s offerings and continue to enhance its technology.
Expedia is an operator of a travel company. The company provides travel products and services provided by various lodging properties, airlines, car rental companies, destination service Mark D. Okerstrom, Expedia providers, cruise lines and other travel product and service President & CEO companies. It was founded in 1996 and is headquartered in Bellevue, Washington.
Global Telecom & Technology is a provider of wide-area network GTT Michael T. Sicoli, CFO and wireless mobility services.
M12 (formerly Lisa Nelson, Managing M12 – M12 is an active, strategic partner at key stages of a Microsoft Director, Microsoft startup's growth, typically investing between Series A and C. Ventures) Ventures
McKinstry is a national leader in designing, constructing, operating and maintaining high-performing buildings. From new construction McKinstry Joseph Hagar, CFO and ongoing operations to adaptive reuse, energy retrofits and advanced renewable energy systems.
PACCAR Innovation Center - PACCAR technology research and development center in Silicon Valley, will coordinate Harrie Schippers, PACCAR next-generation product development and identify emerging President and CFO technologies that will benefit future vehicle performance.
2018 Seattle Technology Ecosystem Study 37 John Bjornson, President Point B Capital is Point B's investment platform. We are Venture Joe Piper, Managing Point B Capital Capitalists focused on enterprise technology companies. Director Dan Avery, M&A
BlueCross BlueShield /Venture Partners - The Funds make equity John Banta, Managing Premera Blue investments in companies that align with the strategies of its Partner BCBS Venture Cross BCBS Plan investors. The Funds are stage-agnostic and typical Partners investments range from $1M to $20M
Starbucks TRYER Innovation Center - Starbucks TRYER, our Brent Cashell Innovation Center is where we enable all Starbucks partners to Starbucks accelerate their ideas and make a bigger impact. We are more William McNichols, SVP than just a space, we use human-centered design practices and Corporate Development dynamic technical services to bring ideas to life. & Business Alliances
Tableau Software is a provider of fast analytics and visualization Tableau Damon Fletcher, CFO software.
T-Mobile provides wireless communications services, including voice, messaging, and data to customers in the postpaid, prepaid and wholesale markets. The company provides services, devices Michael G. Sievert, T-Mobile and accessories across its brands, T-Mobile and MetroPCS. It President and COO provides wireless communication services through a range of service plan options.
UPS is dedicated towards the growth of the Startup Community. Responsibilities include startup mentorship, engaging with Willy Khampradith, UPS accelerators & incubators, venture capital collaboration and Regional Head of UPS the rollout of strategic partnerships amongst the entrepreneur Startup Strategy community.
WatchGuard WatchGuard Technologies is a provider of internet security Technologies solutions to enterprises that uses internet for e-commerce and Richard Barber, CFO secure communications worldwide.
Sources: PitchBook, Crunchbase, Interviews
2018 Seattle Technology Ecosystem Study 38 INDEX 6: FAMILY OFFICE AND CLOSELY HELD PE INVESTORS (ALPHABETICAL LIST)
Family Office Name Description Location
Ackley Beverage Group is a family investment company based in Seattle that brings financial capital and professional resources Ackley Beverage Group to partners in the wine industry. The firm seeks to invests in Seattle, WA companies that produce wine in Oregon and Washington and artisanal brands throughout the Northwest.
Bank of New York Mellon is a wealth management firm. The firm serves individuals, families and family offices and institutions by providing wealth management solutions. The firm typically focuses Bank of New York in services into investment management, wealth and estate Mellon Wealth Seattle, WA planning, private banking and asset servicing and information Management management. The company seeks to strengthen and expand its core business through acquisitions. It was founded in 2007 and is headquartered in Seattle, Washington. Bezos Expeditions is a family office that makes venture capital investments. It prefers to invest in the software, social media, Mercer Island, Bezos Expeditions financial services and online retail sectors. The firm was founded in WA 2005.
Cascade Investment, Cascade Investment is the private investment fund of Bill Gates. BMGI (Bill and Melinda The fund invests in several alternative strategies along with making Kirkland, WA Gates Investments) venture capital investments.
The Clarius Group The Clarius Group is a shared family office Seattle, WA
Columbia Pacific Advisors is a Seattle-based investment Columbia Pacific Seattle, WA management firm providing services to pooled investment vehicles.
COM Investments is a wealth management company based in Kirkland, Washington. It is the personal investment company of COM Investments Kirkland, WA Craig McCaw. The assets of the firm are managed by the executive management team.
Coremix Capital is the investment arm of a family office made up Coremix Capital of entrepreneurs. The firm was founded in 2013 and is based in Vancouver, WA Vancouver, Washington.
Cowles Company is a family-owned enterprise that seeks to invest in businesses operating in the manufacturing, forestry, real estate, Cowles Company Spokane, WA digital media and green technology sectors. The firm was founded in 1890 and is based in Spokane, Washington.
Fluke Venture Partners is a private equity firm based out of Kirkland, Washington. The firm currently focuses on control and minority Fluke Venture Partners Kirkland, WA interest investments in Pacific Northwest businesses with EBITDA of $1 million to $5 million.
Graham Capital Group is a single-family office for the Graham Group firm based in Seattle, Washington. The firm was formed in Graham Capital Group order to acquire and partner with traditional small to middle-market Seattle, WA companies and their management teams to create and build value for the long-term. The firm was founded in 2007.
2018 Seattle Technology Ecosystem Study 39 Keeler Investments Group is the investment arm of Keeler Family Keeler Investments Mercer Island, Office. The firm invests in Pacific Northwest-based early stage, Group WA private equity and real estate opportunities.
Parametric has been providing engineered portfolio solutions to Parametric Portfolio institutional and private clients for over a quarter of a century, with Seattle, WA Associates a sharp focus on implementation excellence and client-specific customization.
Progeny 3, Inc. operates as an investment management firm. The Progeny 3 Company offers portfolio management, financial planning, and Seattle, WA investment advisory services.
Summit Capital Management focuses on comprehensive financial Summit Capital planning and investment management to business owners, medical Scottsdale, AZ Management professionals, professional athletes, executives, retirees and pre- retirees with complex needs.
Tiedemann Advisors Tiedemann Advisors is an employee owned investment manager. New York, NY
A mission aligned investment management firm supporting people Tilt Investment and institutions to “regenerate” our society: earning financial and Management social returns that align with a client’s unique needs, values and beliefs.
Trilogy Equity Partners Trilogy Equity Partners is a closely-held investment firm. Bellevue, WA
Source: PitchBook, Internet Search, and Interviews
2018 Seattle Technology Ecosystem Study 40 INDEX 7: TOP CORPORATE TECH LAWYERS (ALPHABETICAL LIST)
Recommended Law Office Practice Email Attorney (s)
Carney Badley General Corporate, Securities Law, Joe Wallin [email protected] Spellman Mergers & Acquisitions
Emerging Companies, Mergers & Sonya Erickson, Acquisitions, Public Companies, [email protected], Cooley LLP John Robertson Medtech, Technology, Capital Markets, [email protected] Venture Capital
Venture Capital Financings, Mergers Steven Yentzer, & Acquisitions, Public Offerings, Trent Dykes [email protected], DLA Piper Corporate Governance and General Tyler Hollenbeck [email protected] Corporate Counseling, Private Equity Securities and Finance
Corporate Finances and Securities, DWT Kathleen Sebastian Mergers & Acquisitions, Intellectual [email protected] property
Alan Smith, Corporate, Mergers & Acquisitions, [email protected], Fenwick & Andy Albertson, Private Equity, Securities & Corporate [email protected] West LLP Bill Bromfield Finance, Startup & Venture Capital
Megan’s extensive organizational leadership experience allows her to work side-by-side with entrepreneurs Foundry Law and C-suite executives, providing Megan McNally [email protected] Group them with pragmatic guidance and sustainable solutions grounded in the realities of today’s fast-changing business environment.
Charlie Carter Seed and venture capital financings, [email protected] K&L Gates Gary Kocher merger & acquisitions, public offerings, [email protected] and intellectual property transactions.
Business formation, partnerships and joint ventures, funding, acquisition and Karr Tuttle sale of private companies, contract Alex Modelski [email protected] Campbell drafting and negotiation, technology licensing, copyright and trademark filing and licensing
Corporate, Securities and M&A Pat Franke [email protected] Lane Powell Japan Practice Frank Paganelli [email protected] Startups & Emerging Companies
Corporate Finance, Emerging Dave McShea, [email protected], Companies & Venture Capital Law, Ben Straughan, [email protected], Perkins Coie Venture Capital, Public Companies, Dave Clarke, [email protected], Merger & Acquisitions, Private Lee Schindler [email protected] Investment Funds, Family Office
Mark F. Summit Law Focuses on corporate and securities [email protected] Worthington Group law. [email protected] Laura Bertin
2018 Seattle Technology Ecosystem Study 41 Capital Markets, Corporate Governance, Craig Sherman, [email protected], Digital Media and Entertainment, Wilson Sonsini David Wickwire, [email protected], Fintech, Merger & Acquisitions, Private Goodrich & Patrick Schultheis, [email protected], and Public Company Representation, Rosati Jeana Kim, [email protected] Startups and Venture Capital, U.S. John Brust [email protected] Expansion We are a boutique legal practice serving angel and VC-backed emerging growth Tango Law Noel House companies and investors in Silicon [email protected] Group Valley, Seattle, and elsewhere on a diverse range of legal matters
Source: PitchBook, Internet Search, and Interviews
2018 Seattle Technology Ecosystem Study 42 INDEX 8: SELECT COMMERCIAL BANKS SERVICING HEALTH & LIFE SCIENCES 2018
Service Provider Name Contact Contact Email
Bank of America Paul M. Donofrio [email protected]
BBVA Compass Bank Matthew Sclafani [email protected]
BMO Financial Group Thomas E Flynn [email protected]
Chase Bank Gordon A. Smith [email protected]
Comerica Bank Darlene Persons
Deutsche Bank Niall Cullinane [email protected]
Key Bank Paul Schneir [email protected]
Merrill Lynch Susan L. Wingard [email protected]
PNC William S. Demchak [email protected]
Ming Le, Silicon Valley Bank * Carly Kiser, [email protected] Matt Rubright
Jason Kranack Square 1 Bank * [email protected] Tom Reimer
Umpqua Bank Ronald L. Farnsworth [email protected]
US Bank Terrance R. Dolan [email protected]
Wells Fargo Jeffrey T. Grubb [email protected]
Source: PitchBook, Internet Search, and Interviews
* Note: Silicon Valley Bank and Square 1 Bank are technology-focused banks
2018 Seattle Technology Ecosystem Study 43 INDEX 9: TOP ACCOUNTANTS IN MSA (ALPHABETICAL)
Company Contact Contact Email
Armanino Doug Sirotta [email protected]
Bader Martin David Stiefel [email protected]
BDO Mike Reeves [email protected]
Matt Medlin Pete Miller Clark Nuber Dan Wright [email protected] Matt Sutorius Bob Nuber
Deloitte Emily Rollins [email protected]
Mark Mathewson Ernst & Young [email protected] Tim Tasker
KPMG Jason Woon LinkedIn
Doug Thorn, [email protected] Moss Adams Kyle Boast, [email protected] Taft Kortus [email protected]
Al Dunnell, Peterson Sullivan [email protected] David Lee
Sweeney Conrad Jason Meersman [email protected]
Source: PitchBook and interviews
2018 Seattle Technology Ecosystem Study 44 INDEX 10: TOP SERVICE PROVIDERS IN MSA
Alternative Financing
Company Contact Contact Email Primary Stages*
Post-Revenue Lighter Capital BJ Lackland [email protected] (Revenue Financing)
Post-Revenue Liquid Capital Corp Nabil Istafanous [email protected] (Revenue Financing)
Venture Debt Firms
Company Contact Contact Email Stage
Agility Capital Jeffrey Carmody [email protected] Early Stages (Outside Seattle)
Comerica (Outside John Botello [email protected] All Stages Seattle)
Carly Kiser, [email protected], Silicon Valley Bank All Stages Minh Le [email protected]
Square One Tom Reimer [email protected] Early Stages
Western Trust Maurice Werdegar [email protected] All Stages (Outside Seattle)
Executive Coaching & Leadership Development Firms
Company Contact Contact Email Primary Stages
Gumball Ann Dorgan [email protected] All Stages Enterprises
Halo Coaching Karen Steckler [email protected] Early Stages
Iinnovate Leadership Joe Ottinger [email protected] All Stages Network
Paladin Partners Janis Machala [email protected] All Stages
Nofsinger Group Christian Nofsinger [email protected] Early Stages
Pathwise Lisa Holman [email protected] All Stages
2018 Seattle Technology Ecosystem Study 45 Financial Consulting & Outsourcing Firms
Company Contact Contact Email Primary Stages
Accounting Eric Moore [email protected] Early Stages Solution Partners
CFO Selections Mark Tranter [email protected] All Stages
Denali Chris Dishman [email protected] Early Stages
NowCFO Bill Sablan [email protected] All Stages
Startup Valuation Kathleen Baxley [email protected] Early Stages Services
HR Consulting and Outsourcing Firms
Company Contact Contact Email Primary Stages
ResourcefulHR Jennifer Olsen [email protected] Later Stages
Swift Consulting Shannon Swift [email protected] Early Stages
uniquelyHR Mikaela Kiner [email protected] Early Stages
Innovation, Scaling, and Renewal Advisory
Company Contact Contact Email Primary Stages
Iinnovate Joe Ottinger [email protected] All Stages
Insurance Advisors
Company Contact Contact Email Primary Stages
AH&T Mark Ganley [email protected] All Stages
PS&F Walter Winters [email protected] All Stages
WTIA Mike Monroe [email protected] Early Stages
2018 Seattle Technology Ecosystem Study 46 Investment Banks
Company Contact Contact Email Primary Stages
Cascadia Capital Kevin Cable [email protected] Later Stages Chinook Advisors John O’Dore [email protected] Smaller Cos. Corum Group Bruce Milne [email protected] Software M&A Evolution Capital Kirk Van Alstine [email protected] Early Stages Adv. Troy Hartzell [email protected] Meridian Patrick Ringland [email protected] Software M&A Techstrat Nat Burgess [email protected] Software M&A TV Metz & Tom Metz [email protected] Early Stage Company
Leadership Networks
Company Local Contact Contact Email Stage/Focus
Seed EO Shannon Swift [email protected] (All Sectors) Later Stages Iinnovate Joe Ottinger [email protected] (Innovation Focus) Later Stage Vistage Mike Huse [email protected] (All Sectors) Later Stage YPO Mike Dades [email protected] (All Sectors)
Marketing Firms Primary Stage; And Company Contact Contact Email Focus Therese Adhloch- The Adlhoch Group LinkedIn Early Stages Smith Heinz Marketing Matt Heinz [email protected] Early Stages; B2B Lionfish Creative Gloria Wildeman [email protected] All stages; Full service Jerome & John Jerome [email protected] All stages; Full service Associates
All stages New Engen David Atchison [email protected] Digital Marketing as a Managed Service
Simplicity Later Stages; Lisa Hufford [email protected] Consulting Marketing Staffing
Williams-Helde Mark Williams [email protected] All Stages
2018 Seattle Technology Ecosystem Study 47 Patent Lawyers
Company Contact Contact Email Primary Stages*
AEON Law Adam Philipp [email protected] Early Stages
Baker Hostetler Mike Stein [email protected] Early Stages
Christensen O’Connor Johnson John Denkenberger [email protected] All Stages Kindness
Fogg & Powers Law Brian Santarelli [email protected] Early Stages
Christopher Daley-Watson, [email protected], Perkins Coie All Stages Paul Parker [email protected]
Bill Ferron, [email protected], SeedIP Early Stages Frank Abramonte [email protected]
Wilson Sonsini Michael Rosato [email protected] All Stages Goodrich & Rosati
Talent Recruiting Firms Primary Stages; Company Contact Contact Email Focus Later Stages; Simplicity Lisa Hufford [email protected] Project Marketing Consulting Professionals All Stages; Fuel Talent Shauna Swerland [email protected] Most Positions
Paul Freed [email protected] All Stages; Herd, Freed, Hartz Jim Herd [email protected] Executive Search
All Stages; Laurel Group Tom Taft [email protected] Executive Search
All Stages; JM Search Kevin Kernan [email protected] Executive Search
All Stages; Parker Remick Rob Healy [email protected] Executive Search
Peckman Search Gina Peckman 253-312-3475 Sales and Marketing Partners
2018 Seattle Technology Ecosystem Study 48 Sales Consulting & Outsourcing Firms
Company Contact Contact Email Stage
Altus Alliance David C. Jones [email protected] Early & Mid Stages
OneAccord Jeff Rogers [email protected] Early Stages Partners
Strategy Firms
Company Contact Contact Email Stage/Focus*
Altus Alliance David C. Jones [email protected] Go-To-Market Strategy
The Arnold Group Carl Albrecht LinkedIn All Stages
Artemis Christy Johnson [email protected] All Stages Connection
Slalom Thane Liffick [email protected] All Stages
*Early stage= Seed to Series A, Later Stage= Series A and Later
Sources: Interviews, Internet Research
2018 Seattle Technology Ecosystem Study 49 INDEX 11: TOP HEALTH & LIFE SCIENCES ORGANIZATIONS (Sources: Life Sciences WA, iLove Seattle, Internet Search, and Interviews)
The Allen Brain Institute - This year, we are celebrating 15 years since our launch. Today, we encompass four divisions -- the Allen Institute for Brain Science, the Allen Institute for Cell Science, the Allen Institute for Immunology, and The Paul G. Allen Frontiers Group – with more than 470 employees from 40 different scientific disciplines.
The Bill & Melinda Gates Foundation - Today, we work with thousands of partners in Africa, India, Europe, South America, and here in the United States. We are guided by the Gates family’s deeply held belief: that all lives have equal value. Our goal is to find solutions for people with the most urgent needs, wherever they live.
Children’s Hospital - Children’s Hospital provides high-quality, accessible health care for children and adolescents. The hospital’s foundation and guilds organize educational, social and fundraising events.
EvergreenHealth Kirkland - EvergreenHealth is an integrated two-hospital healthcare system offering a breadth of services and programs that is among the most comprehensive in the region. Formed in 1972 as a public hospital district, we now serve nearly 850,000 residents of our service area in north King and south Snohomish counties, with medical facilities located throughout the area for easy access. Evergreen Health in Kirkland, Wash. is rated high performing in 3 adult specialties and 2 procedures and conditions. It is a general medical and surgical facility.
Fred Hutchinson Cancer Research Center - At Fred Hutch, our interdisciplinary teams of world-renowned scientists and humanitarians work together to prevent, diagnose and treat cancer, HIV/AIDS and other diseases. Our researchers, including three Nobel laureates, bring a relentless pursuit of, and passion for, health knowledge and hope to their work and the world.
Infectious Disease Research Institute (IDRI) - This Seattle nonprofit develops drugs to treat infectious diseases of global importance with the support of large donors and partners from the corporate and research worlds.
The Institute for Health Metrics and Evaluation (IHME) - IHME is a world-leading independent global health research center at the UW. Regular seminars provide opportunities to learn and get involved with this organization’s groundbreaking work.
Institute for Systems Biology - At ISB, we are unlocking the mysteries of the human microbiome and translating our scientific knowledge into therapies for a number of complex diseases. Systems biology has ushered in the future of research. ISB pioneered this approach, which embraces biological complexity and fearlessly sets about deciphering vast amounts of data in order to gain valuable insights and achieve breakthroughs across scientific disciplines.
2018 Seattle Technology Ecosystem Study 50 Pacific Northwest National Labs - For more than 50 years, we’ve advanced the frontiers of science and engineering in the service of our nation and the world. We make fundamental scientific discoveries that illuminate the mysteries of our planet and the universe. We apply our scientific expertise to tackle some of the most challenging problems in energy, the environment, and national security.
Pacific Northwest Research Institute- The Pacific Northwest Research Institute (PNRI) is an independent, non-profit, biomedical research organization, founded in 1956 by Dr. William Hutchinson.
PATH - PATH is a major player in breaking the cycle of poor health in developing countries. The PATH Associates program provides a way to support the group and meet others committed to its mission.
Providence Regional Medical Center - Providence Health & Services is the largest health care provider in Washington with hospitals, clinics, senior care centers, hospice and home health services in communities – large and small – across the state. Providence Regional Medical Center Everett in Everett, Wash. is rated high performing in 5 adult procedures and conditions.
Seattle Cancer Care Alliance - SCCA, a collaboration between the Hutch, Children’s Hospital and UW Medicine, allows patients better access to current treatments and supports health professionals with research, mentoring and continuing education.
Swedish Medical Center - Swedish is the largest nonprofit health care provider in the greater Seattle area with five hospital campuses: First Hill, Cherry Hill, Ballard, Edmonds and Issaquah. We also have ambulatory care centers in Redmond and Mill Creek, and a network of more than 100 primary care and specialty clinics throughout the greater Puget Sound area.
UW Medicine - At UW Medicine, we work together as a team—with you at its center— to provide the most effective and compassionate care, always. From proactive preventive care to breakthrough discoveries fresh from the lab, UW Medicine is here for you today, and training for your tomorrow.
Virginia Mason - Virginia Mason Medical Center in Seattle, Wash. is rated high performing in 6 adult procedures and conditions. It is a general medical and surgical facility. It is a teaching hospital.
2018 Seattle Technology Ecosystem Study 51 INDEX 12: COMMERCIAL REAL ESTATE BROKERAGE FIRMS (ALPHABETICAL LISTING)
Company Main Contact Description Geography
CBRE Seattle has been the commercial real John R. Miller estate services leader in Seattle and the greater Senior Managing Director CBRE Puget Sound region for more than 100 years. Global +1 206 2556426 Our comprehensive services and delivery [email protected] platform has set the benchmark for the industry.
Colliers International operates from two offices in the Puget Sound area: Seattle and Bellevue. Through the expertise of more than Bill Condon 100 leasing and sales brokerage, real estate VP | Seattle Colliers management, appraisal and valuation, and Global 206.235.9732 support professionals, we offer comprehensive [email protected] real estate services in the office, industrial, retail, multifamily and investment sectors throughout the Seattle area and beyond.
What began as a small family business in New Matt Christian York is now a commercial real estate company Cushman & Executive Director with a solid foothold across the globe, with 400 Global Wakefield (206) 389-4520 offices in approximately 70 countries employing [email protected] 48,000 people.
Flinn Ferguson is a corporate real estate services firm that specializes in complex lease Daniel Foster negotiations designed to maximize economic Flinn Principal Local considerations. Because we advocate solely Ferguson 206.264.6203 (Tenant Only) on behalf of the tenant, we offer a level of [email protected] transparency and objectivity that few firms can match.
Doug Hamafin Our 70,000+ employees are hard at work in 80 Jones Managing Director countries, tackling local, regional and global real Global Lasalle (JLL) +1 206.521.2661 estate challenges for corporates and investors of [email protected] all sizes
We have more than 750 professionals and Chris Moe employees in 21 offices throughout Washington, Kidder SVP, Partner Oregon, California, Nevada, and Arizona, West Coast Mathews 206.296.9605 and we are actively involved in the cities and [email protected] communities we serve. Kinzer Partners began over 25 years ago with a vision for an integrated team of professionals Craig Kinzer that focused on community building through real Partner Local Kinzer estate. Today, we are more dedicated than ever 206.442.1544 (Complex Partners to the success of our clients and our community, [email protected] Projects) guiding the real estate decisions of Seattle-area businesses and organizations toward the best results for their brands and missions.
2018 Seattle Technology Ecosystem Study 52 Newmark Knight Frank's Seattle office has been delivering innovative real estate solutions to clients in the Puget Sound region for more than Tim O’Keefe two decades. This expertise, which includes Executive Managing Newmark a full range of brokerage and management Director Global Knight Frank services, is backed by a strong international 206.234.8700 platform, unmatched research capabilities and [email protected] sophisticated marketing approach to help clients with varying objectives achieve the most from their real estate.
Our exclusive focus is advising and advancing the business space interests of tenants. Because we never represent landlords or developers, we Leo Backer Washington avoid conflicts of interest that are inherent in an Local 425.736.6210 Partners industry that is traditionally slanted in favor of (Tenant Only) [email protected] property owners. Free of conflicts, we objectively present all options and ardently advocate for our clients.
Sources: Interviews, and Internet Search
2018 Seattle Technology Ecosystem Study 53 INDEX 13: LIST OF SEATTLE ACCELERATORS, INCUBATORS, CO-WORKING SPACES & STARTUP STUDIOS
Accelerators
Accelerator Corp – A vehicle for capital-efficient investment in and management of emerging biotechnology opportunities.
Capria – Providing startup fund managers with seed capital, warehousing of initial investments on our balance sheet, fund operating tools & processes, mentoring, fundraising support, investment evaluation support, and access to a growing global network of impact fund managers. We work with financial services entrepreneurs who are setting up investment vehicles to deploy risk capital – equity and/or debt – to support businesses that are both profitable and impactful.
CleanTech Open – The oldest and largest cleantech startup accelerator program, with the mission to find, fund, and foster entrepreneurs with ideas to solve our greatest environmental and energy challenges.
Entrepreneurs’ Organization – A global, peer-to-peer network of more than 13,000+ influential business owners with 179 chapters in 57 countries. Founded in 1987, EO is the catalyst that enables leading entrepreneurs to learn and grow, leading to greater success in business and beyond.
Fledge – Helping the entrepreneurs making a true impact in the world; improving lives, the environment, health, communities, or making a more sustainable world.
Fab Lab – Providing easy and open access to cutting-edge design and prototyping equipment, and to bring educational opportunities and a supportive community for students, inventors, artists and DIY enthusiasts. (Seattle)
Founder Institute – The world’s largest entrepreneur training and startup launch program, helping aspiring founders across the globe build enduring technology companies.
Iinnovate Leadership Network - A network of tech CEOs focused on scaling early stage tech companies through forum groups of 10 CEOs each that act as your outside board of advisors.
Madrona Venture Labs – From napkin to traction, Madrona Venture Labs creates meaningful companies from scratch. We’re hackers and designers who believe in the transformational potential of a great product. Life’s short, so lifestyle plays aren’t our thing. We sign up customers until we have irrefutable traction (or we kill the idea). We’re backed by Madrona Venture Group and can help secure the best financing partners. We hire unrecruitable talent to lead our companies. Downtown Seattle)
2018 Seattle Technology Ecosystem Study 54 McKinstry Innovation Center – The creative act— seeing old problems from a new angle, adjusting to and being open to change—lies at the heart of innovation. But innovation is not a final destination; it’s a journey as much as a process. And it’s a promise too, because it represents infinite possibilities just beyond on the horizon. (Seattle)
Microsoft ScaleUp – The Microsoft ScaleUp program (previously known as Microsoft Accelerator) is designed for Series A startups and offers access to sales, marketing and technical support.
Paladin Partners – Emerging Growth Women’s CEO Group
Reactor – Our teams accelerate their ideas under the guidance of some of the most respected mentors in the interactive media business.
TechBA – Finding the most innovative technology-based companies and take them into global markets.
Techstars – A global ecosystem that empowers entrepreneurs to bring new technologies to market wherever they choose to build their business.
Village88 TechLab – A stealth innovation studio that is committed to enabling entrepreneurs to fulfill their product potential, and creating breakthrough web technologies.
Incubators
Allen Institute for Artificial Intelligence – We pair the best AI minds in the world with successful entrepreneurs to build AI startups together.
BECU Fintech Incubator - BECU and CoMotion partner to open the BECU Fintech Incubator, a new group housed inside Startup Hall near the UW campus in Seattle.
Bunker Labs – We are a 501(c)(3) non-profit – and a national network of veteran entrepreneurs dedicated to helping new veteran entrepreneurs start their own business. We are committed to seeing that every entrepreneur in the veteran community has the network, tools, and resources they need to start their own business.
Cascadia CleanTech – A business accelerator program powered by the CleanTech Alliance and VertueLab (formerly Oregon BEST). The 15-week program delivers mentorship, curriculum, connections and funding opportunities designed specifically for early-stage cleantech startups.
CoMotion Labs (UW) – The collaborative hub for expanding the societal impact of the UW community. We deliver the tools and connections that UW researchers and students need to accelerate the impact of their innovations. (U District)
Eastside Incubator, Redmond
2018 Seattle Technology Ecosystem Study 55 Kenmore Business Incubator - To support an innovative community spirit and foster the success of start-up entrepreneurs, the City has created a Business Incubator Program.
Seattle Fashion Incubator - A incubator to help people in the fashion and design industry
Startup NEXT - Associated with TechStars, providing pre-accelerator resources
SURF Incubator - SURF is a curated community with a dynamic culture that enables entrepreneurs to focus on executing their ideas.
Sources: GeekWire startup spaces and NewTech Northwest
Co-working spaces
Agnes Underground, Seattle North Star Offices, Redmond Atlas Workbase, Seattle Office Nomads, Seattle Ballard Labs, Seattle Office Xpats, Bainbridge Bullitt Center, Seattle Orange Studios, Redmond Cambia Grove, Seattle, Health/Life Sciences Phinney Sandbox, Seattle Cloud Room, Seattle PivotDesk, Cowork Box, Bellevue Phinney Sandbox Coworking Eastlake, Seattle Startup Hall, Seattle Create33 – Seattle (connected to Madrona VC) SURGEtacoma, Tacoma extraSlice Smart Space, Bellevue The Collective, Seattle Galvanize, Pioneer Square The Makers Space, Hing Hay Coworks, Seattle The Pioneer Collective, Pioneer Square HiveBio, Seattle, Life Sciences The Riveter, Seattle, Bellevue, Fremont Impact Hub, Seattle ThinkSpace, Seattle, Redmond Indie, Ballard Union Club Tacoma, Tacoma Industrious, Seattle & Bellevue Vibe Coworks, Poulsbo Inspark Coworking, Lynnwood WeWork, Seattle, Bellevue, Ballard, Denny Triangle, Eastlake Interbay Worklofts, Seattle Works Progress, Seattle Icogonex, Seattle, Life Sciences
Source: Geekwire Startup Spaces
2018 Seattle Technology Ecosystem Study 56 INDEX 14: TOP WOMEN ANGEL INVESTORS
Name/Contact Description
Bonnie Beeman Angel Investor, Seattle Angel Fund (SeaChange), Seattle Julianne Brands Partner at Oregon Venture Fund, Portland Elisa La Cava Senior Associate at Madrona Venture Group, Seattle Hope Cochran Venture partner at Madrona Venture Group, Seattle Kate Delhagen Founding partner, Oregon Sports Angels, Portland Edith Dorsen Managing director at Women’s Venture Capital Fund Liz Dunn, Angel investor, Founder of Dunn & Hobbes, Adeline Ee Angel Investor, Seattle Tina Eskridge Angel Investor, Pipeline Angels, Seattle Carla Fowler Angel Investor, Keiretsu Forum and Alliance of Angels, Seattle Diane Fraiman Partner at Voyager Capital Stacey Giard Managing Director at Tola Capital Katrina Glogowski Founder of Green Flower Investments, Seattle Serena Glover Angel Investor, Seattle Michelle Goldberg Angel Investor, Bellevue Sheila Gulati Managing director at Tola Capital, Seattle Meredith Han Angel Investor, Seattle Elise Hebb Partner and COO at Maveron, Seattle Sarah Imbach Angel Investor, Seattle Angela Jackson Managing Director, Portland Seed Fund Jenn Lynch Partner, Portland Seed Fund Robin Jones Venture partner at Elevate Capital, Portland Maria Karaivanova Principal at Madrona Venture Group, Seattle Genevieve LeMarchal Partner at FoundersPad, Portland Loretta Little Managing Director of WRF Capital, Seattle Kate Mitselmakher General partner at Bloccelerate VC, Seattle
CEO of Outlines Venture Group, Founder of Sybilla Masters Fund, Co-Founder of Gillian Muessig Moz, Seattle
Lisa Nelson Managing Director of Microsoft Venture Fund (M12), Seattle Yoko Okano Angel Investor, Seattle Lee Otis Angel Investor with E8 Angels, Seattle Michelle Page Angel Investor, Seattle Susan Preston Managing Director of SeaChange Fund and co-manager for Element 8, Seattle Carlee Price Angel Investor, Seattle
2018 Seattle Technology Ecosystem Study 57 Heather Redman Managing Director of Flying Fish Ventures, Seattle Julie Sandler Managing Director of Pioneer Square Labs Ventures, Seattle Corey Schmid General Partner at Seven Peaks Ventures, Bend, Oregon Anisha Sood Partner at Echo Health Ventures, Kim Tennican Angel Investor Valentina Vitols Angel Investor, Seattle, WA Kathy Varner Angel Investor, Bellingham, WA Martina Welkhoff Founding partner of Women in XR, Seattle Elaine Werffeli Angel Investor via Seattle Angel Conference, Seattle Shelley Whelan Partner at Keeler Investments Group and Board Member at Alliance of Angels
Other Women Angel Investors
• Nellie Fujii Anderson, angel investor, owner of NFA Marketing Services • Jeri Andrews, angel investor, head of institutional sales at Intellectual Ventures • Julie Harrelson, co-founder of Cascade Angels • Cat Kennedy, angel investor, creator of InnovateHER Seattle business plan competition • Caroline Lewis, Rogue Venture Partners, former senior director at Nike • Shaula Massena, angel investor, principal at Northwest Sustainable and Responsible Impact • Barbara Nelson, angel investor, president at ROI Commercial Real Estate Development • Robin Rayfield, angel investor, owner of Nest Properties • Dana Sather Robinson, angel investor, communications consultant • Christina Storm, angel investor, UX manager at Google • Jana Whitcomb, angel investor, veteran sales executive • Sarah Blankinship • Tricia Tomlinson • Randa Minkarah • Janis Machala
Sources: GeekWire
2018 Seattle Technology Ecosystem Study 58 INDEX 15: WOMEN-FOCUSED ANGEL NETWORKS AND VC FUNDS
Name/Contact Description
A community of women investors. Draws from the experiences and expertise 37 Angels of female investors. Investments range from $50K to $150K, and investees also receive valuable training and advice.
An early stage angel fund focused on companies in the digital/mobile/internet (IT), technology-enabled products and services, life sciences/medical devices/health IT Belle Capital (Digital Health), and CleanTech market sectors. Companies seeking capital must have at least one female founder or C-level exec, and/or be willing to recruit top female talent to the C-suite and Board
Broadway Angels is an angel investment group made up of world-class investors Broadway Angels and business executives who all happen to be women. We all have decades of experience investing in and managing the best technology companies in the world.
For some populations, there is a noticeable gap in gaining access to investment capital. These aspiring entrepreneurs are both underserved and overlooked, yet they have the courage and vision it takes to start and scale a business. At Elevate, Elevate Capital we believe there is a tremendous opportunity to invest early and offer mentorship to these entrepreneurs. We provide the venture capital and guidance they need to turn their startups into great companies.
We are working to increase diversity in angel investing and high growth NextWave Impact Fund entrepreneurship through an innovative learning-by-doing model led by an experienced investment committee of twelve women from across the country.
Pipeline Angels is changing the face of angel investing and creating capital for Pipeline Angels women and non-binary femme social entrepreneurs
The WXR Fund invests in startups in the XR industry that are committed to balanced Women in XR gender representation. We also provide community infrastructure to support women leaders in immersive tech.
If you’re an entrepreneur, raising capital is a big part of your job. Small business grants are an excellent resource for women business owners, since these awards Small Business Grants for are essentially free money that you don’t have pay back, unlike other financing Women options like small business loans and credit cards. Some grant options are even targeted for women business owners specifically, which makes them man excellent source of capital for female entrepreneurs.
Sources: PitchBook, Internet Search, and Interviews
2018 Seattle Technology Ecosystem Study 59 INDEX 16: WOMEN’S ORGANIZATIONS FOR TECH AND HEALTH/LIFE SCIENCES (Sources: New Tech Northwest)
Ada Developers Academy – A year-long intensive school in software development for women with no previous professional experience in computer programming. Anita Borg Institute – Women in technology are at the heart of ABI’s mission. We are on a quest to accelerate the pace of global innovation by working to ensure that the creators of technology mirror the people and societies who use it.
App Camp for Girls – App Camp For Girls is a one-week summer day program where girls* can put their creative powers to work, designing and building apps, while learning more about the business of software and being inspired by role models in the industry. *App Camp For Girls welcome individuals who self-identify as female, trans (regardless of identity), or gender non-conforming to its programs.
ARA Mentors – Aspiring to Attract, Retain, and Advance women in technology by cultivating and nurturing relationships via mentorship and events/programs, thereby building strong female leaders to support and influence the IT community.
Association for Women in Computing – The Association for Women in Computing (AWC) is a national, nonprofit, professional organization for women and men with an interest in information technology. We promote awareness on issues affecting women in the computing industry, further the professional development and advancement of women in computing, and encourage women to enter computing as a career.
theBoardlist – A movement of global business leaders achieving better performance through diversity.
AWC – The Association for Women in Communications Seattle Professional Chapter provides networking, professional development, job opportunities and a supportive community of professionals. We include a wide range of communications fields, including print and broadcast journalism, television and radio production, film, advertising, public relations, marketing, graphic design and photography. We also include members who use communications of any form as a function of their work, regardless of profession.
Catalyze Seattle – Our study, the first of its kind, revealed fascinating insights into what contributes to gender inequities in Seattle startups. As an all-volunteer project, we are thrilled to share this data with the public. The startup industry is full of talented, innovative people. We invite you to use this information to create groundbreaking new companies that are inclusive from inception. Let’s do this right.
Chick Tech – envisions a safe, inclusive, and innovative technology future that includes equal pay, participation, and treatment of women. ChickTech is dedicated to retaining women in the technology workforce and increasing the number of women and girls pursuing technology-based careers.
2018 Seattle Technology Ecosystem Study 60 F Bomb Breakfast Club – Flipping the paradigm for female founders. You are not alone, because you’ve got us. We’re a fucking fabulous community of female founders who cuss, cavort, and collaborate. We help each other every step of the way on this wild entrepreneurial journey. Whether you’re still noodling your idea, planning a pivot, or wondering what to do with that boatload of cash from your last exit, we’ve got a place for you. Female Founders Alliance – A curated, private online group of female startup founders and CEOs. Our mission is to meaningfully improve the percentage of venture capital invested in, and subsequent success rate of, female-founded startups, starting in our backyard. Our approach is simple: we help each other succeed, and we do it at scale. We do this by Connecting, Amplifying, and Referring every founder that joins our community. We welcome and encourage every female startup founder to join us! It’s free, but all the help you get, you’ll have to pay it forward. Find My Flock – a tech job board that is enthusiastically open to all. What isn’t obvious is that they did 100% of their product research, design, and UX testing with developers who happen to be women and/or people of color. This led to some very specific features: • You can filter jobs by benefits like maternity leave, trans-inclusive healthcare, or visa sponsorship. • You get a personal interviewing coach. • If a company wants a premium posting, Find My Flock has an off-the-record phone call with two developers in the company to make sure they’re happy. FoxBot Industries – Our mission is to empower and educate women and girls to explore, discover, and create positive change in their own lives and in their communities. To achieve this goal, we provide open-source project and tool tutorials, in-person workshops, and custom project-based curriculum in Science-Technology- Engineering-Art-Mathematics (“STEAM”) fields. Geek Girls Carrots – A global organization focused on connecting, learning and inspiring women in Tech and IT. Girls in Tech – Girls in Tech (GIT) is a global non-profit focused on the engagement, education and empowerment of girls and women who are passionate about technology. Adriana Gascoigne founded GIT in 2007 to create a support framework to help women advance their careers in STEM fields. Girls Who Code – has gone from 20 girls in New York to 10,000 girls in 42 states. That’s the same number of girls who graduate each year with a degree in computer science. That’s progress! I’m proud to say we’re not just aiming to close the gender gap in tech — we’re actually doing it. When girls learn to code, they become change agents in their communities. Whether it’s a game to illustrate the experience of an undocumented immigrant or a website to provide free college prep, our girls create technology that makes the world a better place. Like us, you believed in girls’ unlimited potential. Thanks to your support and contributions, together we’ve inspired thousands of girls to see a future in tech.
2018 Seattle Technology Ecosystem Study 61 Guide to Tinkering – Tinkering is a hands-on form of open-ended exploration to learn about how things work, how to improve them, and how to build new things. This guide offers resources and directions to help you learn how to do projects involving simple electronics, simple machines, engineering and coding. InnovateHer - InnovateHER provides an opportunity for entrepreneurs throughout the U.S. to showcase products and services that have a measurable impact on the lives of women and families, have the potential for commercialization, and fill a need in the marketplace. Ignite Worldwide -inspires girls to become the future technology leaders and innovators of our world. Operating as an award-winning State and National Best Practice program, IGNITE introduces girls from grades 6-12 to technology careers via panel discussions, job shadowing, technology workshops, mentoring, and field trips throughout the school year to visit the workplaces of professional women in Science, Technology, Engineering and Math (STEM) careers. IGNITE partners with a wide range of companies and organizations throughout the Greater Seattle area including Microsoft, Starbucks, Moz, TUNE, Facebook, Amazon, REI, and many more. IGNITE’s programs are offered directly through the public schools which removes many of the barriers that typically prevent girls from experiencing these opportunities, allowing access for all students. Since its founding in 1999, IGNITE has educated and empowered over 30,000 young women to pursue education and careers in STEM. Kal Academy – Our mission is to make it easier for women to build a career in the tech industry and increase diversity which is critical for innovation. We do that by providing women with affordable, accessible, and relevant training and certification, that offers lucrative career growth opportunities. Become a Software Developer in 5 months. Ladies in Seattle Tech – In recognition of International Women’s Day, Almie Borromeo wanted an event that would bring all women together. Unlike other similar gatherings, this event is for women of any role at a tech company. From marketers to project managers to engineers and everything in between, all are welcome! LaunchCode.org – offering a free alternative pathway to full-time tech employment. If you are an aspiring developer, LaunchCode can help you get to where you want to be. Watch the video of President Obama telling the story of one of their students successes. Lean in Seattle – The Seattle Chapter is one of the largest, most active chapters the world and was designated by LeanIn.org as one of their 30 Regional Leaders worldwide. We’re a diverse group with 2,000+ members who have made a commitment to build a community on a set of powerful core values. Our community empowers women to lead at every level. We are multigenerational, multicultural and dedicated to helping women succeed. Meetup.com – If you live in a metropolitan area, there are likely many women-led business support groups right in your community. And if there aren’t any in your area, why not start one? MeetUp.com is a great way to find the right groups for you. Yes, you’ll want to head to a business-focused group, but also look for groups devoted to your industry. Similarly, search for national women-focused support groups for your industry, as there is a high probability there are resources available to you.
2018 Seattle Technology Ecosystem Study 62 Mesa – MESA stands Mathematics, Engineering, Science Achievement and has been committed to building a pathway to college and careers in science, technology, engineering & mathematics (STEM) since 1982. We develop programming and initiatives to improve diversity and retention with an emphasis on traditionally underrepresented students in STEM fields, including African Americans, Native Americans, Hispanic/ Latinos, Pacific Islanders and women. National Association of Women MBAs, Seattle Chapter – NAWMBA Seattle is a not-for-profit organization dedicated to empowering female business professionals to propel more women into leadership positions in corporate America and to enhance the gender diversity of the nation‘s workforce. Onboarding Women - Madrona Venture Group, Deloitte, Perkins Coie, and Spencer Stuart work together to support onBoarding Women, an important program to increase the number of women on corporate boards. Ready Set Raise. – All early stage startup founders face a difficult, confusing and exhausting uphill climb. For women, this experience is exponentially harder. This is why we developed Ready Set Raise — a four-week pitching and fundraising program to accelerate your startup’s success. Read more about Ready Set Raise on our blog. Ready Set Raise was designed by female founders for female founders. Our goal is to find, support, and advance high-growth, pre-seed startups across North America. Reboot – For women who have been out of the paid workforce for more than 2 years. Whether you have been out two years or twenty, most women participating in ReBoot are interested in returning to or creating some type of paid work, full or part time, in profit or non-profit sectors. Others have recently taken jobs and are polishing their workplace skills, and some are in discernment and preparing to step out in a new direction. All are welcome and add to the vitality of the ReBoot experience. We’re in both Seattle and Bellevue. Seattle PyLadies – PyLadies is an international mentorship group with a focus on helping more women become active participants and leaders in the Python open- source community. Our mission is to promote, educate and advance a diverse Python community through outreach, education, conferences, events and social gatherings. Seattle Women in Tech – Hosting quarterly events to educate, empower, and connect women working in or aspiring to work in technology. All event proceeds are donated to partner organizations working to increase diversity in the technology industry. She’s Coding – She’s Coding provides education, resources, and actionable guidelines for anyone who wants to help bridge the gender gap in the field of computer science. Whether you’re a woman currently working in tech, a girl interested in learning to code, a male ally for women in computer science, or a company trying to find ways to increase diversity, you’ve come to the right place! We are continuously working on enhancing and improving our content – check back regularly and see what’s new! Check out the Seattle MeetUp page.
2018 Seattle Technology Ecosystem Study 63 SPRING Accelerator – Transforming the lives of adolescent girls by creating sustainable markets for life-enhancing products and services. These products and services help girls keep safe, learn, earn, and save without harm. SPRING Accelerator identifies companies with products and services that can improve the lives of girls, and provides expertise in business growth, investment readiness, human-centered design, innovation, and marketing to help drive their businesses further. Techbridge Girls – Techbridge inspires girls to discover a passion for technology, science and engineering. Through hands-on learning, we empower the next generation of innovators and leaders. TechGirlz – Our vision is to create a world where girls have a lifelong passion and confidence in their use of technology throughout their careers. TechGirlz is accomplishing its mission through the creation of free, fun, interactive “TechShopz” led by industry professionals, leaders and students. We share our free workshop curriculum with companies, organizations, schools and community groups so they can inspire girls around the world with technology. Tips for Getting Girls Involved with STEM – Science and engineering play a huge role in how we learn about the world and develop ways to advance our well being. While the United States is known for its higher education compared to other leading nations, we lack in educating engineers and scientists. One of the big reasons that the United States has fallen behind in science and engineering is that not enough is being done to encourage females to enter the fields of science, technology, engineering, and math (STEM). It is important that we find ways to encourage females to explore careers in STEM. Visit this site to see many resources for helping girls get involved with STEM. Tune House – We believe women should be equally represented in tech. We are providing a house where students can focus on their careers, engage with like minded peers, and build relationships with mentors and professionals in their field. Venture Inclusion Network – Sexual harassment a serious, systemic, societal issue. The power dynamics in the male-dominated venture industry are particularly problematic. This issue is not new, but is (finally) receiving significant attention thanks to several brave women who put their reputations and careers on the line to publicly shed light on this reality. Many in the industry are launching initiatives to create positive change. Women 2.0 – Describes itself as a “community-driven media brand” with a focus on women in technology. The content featured on the site, which also is available through a newsletter signup, explores every aspect of being a woman in technology. Their blog network offers a platform for female entrepreneurs, technologists, investors, and innovators to gather and exchange stories and tips. The site hosts conferences, pitch startup competitions, city meetups, and online investor hangouts. Women in Bio – We are an organization of professional women from all career walks in the field of life sciences. We are all volunteers and we all share the goal of enabling and empowering women to reach the highest levels of leadership, and — more importantly — to fulfill their own career aspirations.
2018 Seattle Technology Ecosystem Study 64 Women in Technology International – Providing women in tech with access to support from other professionals in the industry. There are educational resources and opportunities abound, and an annual conference. This is a worldwide network with support and access for women around the globe. Women of Color Speak Out – We are a collective of Seattle activists working to educate and inform our communities on the climate crisis. Our presentations connect global warming to the systems of oppression. We are focused on shifting the narrative of the climate movement to one that is beyond the superficial causes (fossil fuels) to the deeper injustices of the world by decolonizing our minds and our audiences’. We speak from our personal truths and share unique perspectives on demanding climate justice and collectively creating a new, just future for us all. Women Who Code Seattle – Women Who Code is a global nonprofit organization dedicated to inspiring women to excel in technology careers by creating a global, connected community of women in technology. The organization tripled in 2013 and has grown to be one of the largest communities of women engineers in the world. Women Who Launch – Programs available across North America. The goal is to empower women to engage with entrepreneurship, as founders, funders, or team members. YWCA – YWCA Olympia is on a mission to eliminate racism and sexism to advance the political, social and economic status of all women and girls. Our vision is a world where all people are valued, live free from oppression and thrive in a just society. We are a multi-service organization that has served girls, women and families since 1945.
2018 Seattle Technology Ecosystem Study 65 INDEX 17: MAJOR GOVERNMENT AND ACADEMIC ORGANIZATIONS IN THE MSA
Association of Washington Business (AWB) Formed in 1904, the Association of Washington Business is Washington’s oldest and largest statewide business association, and includes nearly 7,000 members representing 700,000 employees. AWB serves as both the state’s chamber of commerce and the manufacturing and technology association. While its membership includes major employers like Boeing, Microsoft and Weyerhaeuser, more than 90 percent of AWB members employ fewer than 100 people. More than half of AWB’s members employ fewer than 10. For more about AWB, visit www.awb.org.
Challenge Seattle Challenge Seattle is an alliance of CEOs from 18 of the region’s largest employers. Together, we are taking on the challenge of ensuring the greater Seattle area continues to thrive as one of the most vibrant, innovative, and globally competitive regions in the world. Launched in 2015, Challenge Seattle’s CEOs have made a five year investment to collectively tackle some the region’s most pressing civic challenges. Led by former Washington State Governor Christine Gregoire, Challenge Seattle harnesses the committed leadership, unique resources, and innovative talent of its member companies to find innovative solutions and inspire collective action for the greater good.
Life Sciences Washington Life Science Washington is an independent, non-profit 501(c)(6) trade association whose mission is to stimulate life science innovation, job creation and ecosystem vibrancy across Washington state through engagement, collaboration, promotion, and advocacy. Serving more than 500 members, Life Science Washington brings together research institutions, investors and innovators to grow the state’s life science economy.
Pacific Northwest Research Institute The Pacific Northwest Research Institute (PNRI) is an independent, non-profit, biomedical research organization, founded in 1956 by Dr. William Hutchinson. The Institute’s rich history of discovery centers on Dr. Hutchinson’s vision that biomedical research holds the promise to “correct man’s infirmities.” Today, PNRI continues to seek novel ways to prevent, treat and cure human disease using the latest and most promising technologies and approaches.
Seattle Metropolitan Chamber of Commerce The Seattle Metropolitan Chamber of Commerce is the largest and most diverse business association in the region. Founded in 1882 by local business leaders, the Chamber today is an independent organization representing 2,400 companies and a regional workforce of approximately 750,000. We seek an economically vibrant and globally competitive Seattle region where businesses can flourish and everyone has the opportunity to succeed and to access a thriving quality of life. The Chamber engages the innovation and entrepreneurship of its members to advance economic prosperity, advocate for a vital business environment, and build sustainable and healthy communities in the Seattle region.
2018 Seattle Technology Ecosystem Study 66 Seattle Office of Economic Development The Office of Economic Development believes that Seattle can be the most innovative and equitable city in which to build your business or career, and that our economic resilience is rooted in the diversity of our economy and ingenuity of our workforce.
TechAlliance TechAlliance is a non-profit organization of leaders comprised in research institutions and Washington’s technology-based businesses with a vision of a bright innovative economy and aims to provide benefits for a state’s citizens. This organization hosts programs, policy activities, data analysis and more.
University of Washington’s CoMotion CoMotion® at the University of Washington is the collaborative innovation hub dedicated to expanding the economic and societal impact of the UW community. By developing and connecting to local and global innovation ecosystems, CoMotion helps innovators achieve the greatest impact from their discoveries.
Washington State Department of Commerce The Department of Commerce is the one agency in state government that touches every aspect of community and economic development: planning, infrastructure, energy, public facilities, housing, public safety and crime victims, international trade, business services and more. We work with local governments, businesses and civic leaders throughout the state to strengthen communities so all residents may thrive and prosper.
WA STEM Washington STEM advances excellence, innovation, and equity in science, technology, engineering, and math (STEM) education for all Washington students.
Washington State University (WSU) Office of Commercialization Evaluates, protects, and commercializes innovations, provides work space for startups, bridges gap to connect WSU research with industry partners, among other services.
Washington Technology Industry Association WTIA is the unifying voice for the technology community in Washington. We consolidate the power of member companies to solve business problems they can’t solve on their own.
2018 Seattle Technology Ecosystem Study 67 INDEX 18: TECH MEETUP GROUPS
3D Animation Continuous Delivery High Scalability Computing 3D Printing Cryptocurrency IT Professionals Agile Coaching Cryptography IaaS (Infrastructure as a Service) Agile Leadership Data Analytics Independent Game Development Agile Project Management Data Center and Operations Industrie 4.0 Agile Testing Automation Information Architecture Agile Transformation Data Management Information Security Amazon Web Services Data Mining Information Technology Android Data Science Infrastructure as Code Android Development Data Visualization Interaction Design Angular2 Database Development Internet Communication AngularJS Database Professionals Technology Arduino DevOps Internet Professionals Artificial Intelligence Digital Currency Internet Startups Atlassian Digital Media Internet of Things Augmented Reality Digitalisierung JIRA Big Data Docker JQuery Big Data Analytics Drupal Java Biotechnology E-Commerce JavaScript Bitcoin Electronics JavaScript Applications Bitcoin Miners Extreme Programming JavaScript Frameworks Blockchain Facebook JavaScript Libraries Blogging Flash Kanban Bots Founders LAMP Business Analytics Front-end Development Lean Project Management C# Functional Programming Lean Startup CMS (Content Management Futurology Linux Systems) GIS Machine Learning CSS GPGPU Magento CUDA: Compute Unified Device GPU Makerspaces Architecture Game Design MapReduce Chatbots Game Development Mapping Clean Technology Game Programming Microcontrollers Cloud Computing Google Mobile Development Cloud Security Graphic Design Mobile Technology Cocoa Programming Language Graphical User Interfaces Mobile User Experience ColdFusion Grid Computing MongoDB Collaboration HPC Programming Multicore Computing Computer Science HTML5 MySQL Computer Security Hacking NetSquared Computer programming HacksHackers Network Security Computers Hadoop New Media Configuration Management High Performance Computing New Product Development:
2018 Seattle Technology Ecosystem Study 68 New Technology Software Development Web Development NoSQL Software Engineering Web Security Objective C Software QA and Testing Web Standards Office 365 System Administration Web Technology Open Data Technology Women in Technology Open Source Technology Professionals WordPress OpenStack Technology Startups Wordpress Customization PHP Test Automation Wordpress Plugins PHP Application Development Test Driven Development Wordpress Themes PaaS (Platform as a Service) Twitter YouTube Reddit UI Design iOS Rich Internet Applications UX Design Parallel Programming Robotics Unity Podcasting Ruby Usability Predictive Analytics Ruby On Rails User Experience Product Design SEO (Search Engine Optimization) User Research Product Development SaaS (Software as a Service) Video Game Design Programming Languages Scala Virtual Currency Python Scrum Virtual Reality Quantified Self Semantic Web Virtualization Social Media Web Design
Source: MeetUp Groups
2018 Seattle Technology Ecosystem Study 69 RECOGNITION & THANKS
Interviewees:
Leslie Alexandre, Kevin Barber, Kristen Bauer, Erik Benson, Nat Burgess, David C. Jones, Kevin Cable, Ky Calder, Charlie Carter, Frank Chang, Teague Collins, John Cook, Chris Devore, Nate Doran, Trent Dykes, Nick Ellingson, Kim Emmons, Sonya Erickson, Pat Franke, Greg Gottesman, Tyler Hollenbeck, Vikram Jandhyala, Minh Le, Dan Levitan, Dan Li, Maura Little, Loretta Little, Andy Liu, Janis Machala, Brock Mansfield, Frank Marshall, Bill McAleer, Amy McCullough, Nathan McDonald, Matt McIlwain, Matthew Medlin, John Meisenbach, Lisa Nelson, James Newell, Yi Jian Ngo, John O’Dore, Frank Paganelli, Tim Porter, Lee Reeves, Lee Schindler, Michael Schutzler, John Sechrest, Craig Sherman, Jon Staenberg, Chuck Stonecipher, Ben Straughan, Shauna Swerland, Haresh Ved, Francisco Velazquez, Joe Wallin, John Wecker, Mark Worthington
Special Thanks To:
Denis Trapido from the University of Washington | Bothell
John O’Dore from Chinook Advisors
Life Sciences Washington
GeekWire
PitchBook
Washington Technology Industry Association
2018 Seattle Technology Ecosystem Study 70