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15 Posts tagged with the oregon tag

OEN Angel Oregon launch-stage finalist, Coherence Resources, shares its entrepreneurial story in a pre-event interview. Read on to find out when the big idea first came to mind, what keeps them awake at night, and how they’ll ultimately define success.

 

Coherence Resources, Inc. produces proven wellness solutions for restful sleep and relaxation without pills, masks, wires or sounds. The NightWave® Sleep Assistant is its flagship product. On March 5, 2010, the company will compete against five other launch-stage companies at The Nines Hotel in Portland, Oregon for an estimated investment prize of approximately $175,000. Register to attend the event today.

 

 

OEN: Describe the moment when your big idea first came to mind.

 

CR: Founder Stephen Parsons invented the NightWave(R) sleep assistant while creating a simple handheld device for stress reduction. His prototype utilized a group of small LEDs that projected blue light in a specific direction rather than producing an ambient glow. He tested the device while lying in a darkened bedroom with the light projected onto the ceiling. He discovered that in these conditions, the device produces a state of drowsiness that leads to sleep – and that this was a reliable and repeatable effect. NightWave was born.

 

 

OEN: With whom was the idea first shared? What was his/her reaction?

 

CR: Stephen Parsons first shared the concept with some friends who suffered from insomnia, and then with his business advisor, Keith Wymbs (who later invested in the company to build prototypes and became CEO after initial market testing). The reaction from most people is that it’s brilliant in its simplicity, but it makes complete sense.

 

 

OEN: At what stage of your business planning did you experience the most “go” or “no-go” feelings?

 

CR: We've experienced many “go” and “no-go” feelings throughout the launch experience. Probably the biggest “no-go” feeling came when we were rejected by Angel Oregon in 2009, early in the process. But we didn't listen and reapplied for 2010 – and now we are a finalist!

 

 

OEN: What event, decision or conversation transitioned you to the “all-systems-go” point?

 

CR: The biggest “all-systems-go” feeling came after selling our first $100,000 of product, gathering customer feedback, and realizing that we were helping the great majority of the insomniacs who were trying the solution.

 

 

OEN: What keeps you awake at night in regards to your business?

 

CR: The thing that keeps us awake at night is knowing that we have an effective, affordable, and natural solution available for a massive unsolved problem – but we don't yet have the funds to make enough people aware of the solution. Of the 50,000 people that have hit our website, more than 20% have been convinced to buy.  If we can make 100M insomniacs that exist in the U.S. aware of our solution, we’ll have a nice business.

 

 

OEN: How will you ultimately define success for your business?

 

CR: Helping more than one million people who struggle with sleeplessness re-learn their ability to fall asleep again naturally.

 

 

OEN: Tell us about your present and/or past involvement with Oregon Entrepreneurs Network.

 

CR:

 

• Company membership with OEN since 2008

• CEO Roundtable Workshops

• Selected for PubTalk presentation

• Business plan and presentation coaching through OEN

• Business advisors brought on board via OEN event

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Tim McCabe, head of the OECDD, wrote a delightful response to Mayor Daley of Chicago, who had encourage Oregon companies to head over to Chicago after voters passed Measures 66 and 67.  Read more about it on Robin Doussard's blog post at:

 

http://www.oregonbusiness.com/robin/2985-editors-note-portland-takes-on-chicago

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I was asked by OEN to write a blog about why I became an OEN member. I’ve been agonizing over the assignment for about two weeks now. I suspect most of us become members for the same reason: We love entrepreneurship. We appreciate the opportunity to give back to the community that has given to us. We thrive on the creativity and intelligence of our fellow members. How could I possibly write something that would be unique and interesting?

The answer came to me from thousands of miles away, in many ways a world apart, in the form of an earthquake that caused such massive destruction and indiscriminate devastation it left me speechless, and I wept uncontrollably in response. The earthquake that rocked Haiti touched me in a way no other disaster has.

The first person I thought of when news of the earthquake began flooding Twitter was Portland lawyer and OEN member Bill Pierznik. (You were wondering if I was going to tie this back, weren’t you?) Start-ups come in many varieties. Some are based on SaaS models, some social-commerce, others product-based or traditional services. Most are born of passion. Believe it or not, some, such as the Mangrove Fund, form without the goal of profitability.

When Bill and his wife Mary traveled to Haiti in 2007 to visit for the first time their soon-to-be-adopted son Richelor (the “ch” sounds like “ck”), they were compelled to do something for the people of a country that for centuries has been troubled by colonialism, war, poverty, corruption and disease. The Mangrove Fund, formed by Bill, Mary and two other friends, is a Portland-based nonprofit organization focused solely on Haiti, providing assistance to existing organizations and people with proven track records in sustainable assistance and support. When the earthquake shattered Haiti in mid January, the Mangrove Fund shifted into high gear. And Oregon’s entrepreneurial community rallied with it.

Jive Software, OEN’s 2007 Growth Company of the Year, matched employee donations to any organization with a donation to the Mangrove Fund resulting in well over $5,000 to the organization. Early-stage OEN member GadgetTrak and SockItToMe, each donated a portion of the proceeds from sales of their products during a special sales event. OEN member and sponsor eROI donated their email campaign technology to Mangrove. Other area companies and individuals, such as Sightworks, Radiance Communications, Straub Collaborative, StepChange Group, Erik Weeman, Stoel Rives, Perkins & Co., Ater Wynne, Umpqua Bank and Weiden + Kennedy helped drive awareness of Mangrove and its role in Haiti earthquake relief. (W+K also matched employee donations.) Local restaurants such as the White Eagle, Delta Café, and Artemis Cafe helped organize events to raise funds. Additionally, Mangrove is sponsoring a Build a Business in a Day event on February 27, 2010 where members of NedSpace, Starve-Ups, OEN, Software Association of Oregon and other organizations will participate in a competition to raise funds.

This demonstration of collaboration, cooperation and creativity is exactly why I became an OEN member and the reason, regardless of where my career path takes me, I will remain an OEN member. The organization’s people are some of this state’s finest. I was duly impressed by the community’s response to Haiti’s needs, and I interrupted Bill’s schedule, made far crazier with recent events, to dig a bit deeper:

Q: Bill, how did the way the entrepreneurial community’s response surprise you?

BP:  In many ways it didn’t surprise me.  The unique thing about the community here is that your work colleagues become friends and vice-versa.  When something like this happens, the friendship part of that relationship becomes the catalyst for offering help.  What has surprised me is the amount of effort everyone is putting into this.  These are all people and organizations with plenty of other things on their plates and the fact that they are committing so much time to not only help, but provide very high quality help, has been the most rewarding thing for us to see.

Q: How do you think the response to Mangrove Fund’s requests would have been different if you were still practicing law in Silicon Valley?

BP: Good question.  Having retained relationships with people there, I think there would have been a similar response, but I think the more likely scenario would have been that these requests would have resulted in more checks being written and less time being devoted.  Both are important when you run a 100% volunteer organization, but in many respects, time is more valuable.  I also think that the personal friendships we have with our clients has resulted in an understanding that we can be a day late with a legal work product.  I don’t know if that understanding would have been as pervasive in Silicon Valley.

Q: How much did you raise as a result of the community’s efforts?

BP: We haven’t parsed out local entrepreneurial donations as a portion of our overall donation receipts.  We have raised well over $65,000 thus far.  If you factor in the value of the time that the entrepreneurial community here has dedicated to us, you need to add another $20,000 or so to that total.

Q: How does what you raised for earthquake relief compare to funds the organization had raised previously?

BP: The amount we have raised this year already exceeds what we raised last year for our projects in Haiti.

Q: It seems as though the Haiti earthquake has affected people in ways quite different from other tragedies, e.g. Hurricane Katrina or the Thailand tsunami? Why do you think it has affected so many people so deeply?

BP: Unlike Katrina there are hundreds of thousands of people who have died.  There are more than one million children orphaned or displaced.  The scale of this disaster is staggering.

As compared to the tsunami, I think the fact that this happened to the poorest country in the Western Hemisphere, which lies only a few hundred miles from the United States, has had an effect as well.  It was easy for news cameras to get there quickly and report the immediate aftermath.  Those are usually the most powerful images.

Also, the US has had a very involved history with Haiti, and while it is arguable whether it has been a historical benefit or detriment, the reality is that the American people are more familiar with the country.  For instance, more US missionaries do work in Haiti than in any other country.

Finally, the spirit of the Haitian people is unique in the Western Hemisphere.  I think even people who haven’t been there understand what Haitians have endured and have an admiration of the strength that they have had to exhibit to survive.

Q: What needs does Haiti continue to have, and how can people continue to help?

BP: I never thought I would say this, but I agree with both Presidents Clinton and Bush on this:  We need large amounts of people to give small amounts of money.  Aid will continue to be important.  The biggest challenges will be in a few months when the acute situation has stabilized and the initial wave of people leave Haiti.  That is when the true reconstruction will begin.  My hope is that Haiti stays on people’s minds for a long time into the future.  It will take many years if not decades to rebuild this country.

For more information on The Mangrove Fund or to donate, please visit www.mangrovefund.org.

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Written by Scott Etheredge

 

Portland, OR January 13, 2009
Approximately 35% of Amazon.com’s sales revenue and 60% of Netflix’ rental revenue are generated by purchase recommendations provided by these industry giants’ web sites. With a business plan supported by data such as this,   4-Tell, Inc. won Round 3 of the “OEN PubTalk Seed Oregon” event. 4-Tell promises to increase the sales of their midsized online retailer target market with intelligent, automated recommendations of products.
Contact: Keny Levy, Co-founder/CTO, http://www.4-Tell.com ken@4-Tell.com, 509-427-5374

 

CrowdCompass, Inc. CEO Tom Kingsley made a strong case for his company’s bid for a segment of the $100 billion per year event industry. CrowdCompass technology transforms a smartphone into an “event compass” that assists attendees and exhibitors with event planning, navigating and follow-up.
Contact: Tom Kingsley, CEO, www.crowdcompass.com 503-799-8610

 

Casting aside all the good intentions and benefits of online shopping, approximately 90% of those shopping for products over $500 begin the sales process online only to travel to a retail store to finalize their review and purchase. vCommerce co-founder and presenter Fritz Brumder hopes to eliminate the need to visit a store via his firm’s untraditional approach to shopping online with a live video retail experience. Fritz returned as a contestant after participating in PubTalk’s opening “5-minute Pitch” on November 12th.
Contact: Fritz Brumder, Co-founder, www.cascadewebdev.com fbrumder@cascadewebdev.com, 503-752-2540

 

If the shoe fits, wear it. If not, go through the hassles of sending it back and ordering another size. Seth Miller, President & CEO of SureSize, Inc., who delivered this week’s opening “5-Minute Pitch”, hopes to capitalize the high return rates and low profitability faced by online shoe resellers. SureSize is a database company that enables consumers to match their recommended shoe size with the size of their selected style that is most likely to fit. Contact: Seth Miller, President & CEO, www.mysuresize.com seth@suresize.net, 503-913-8672

 

4-Tell joins Virticus Corporation and ActiveTrak, winners of rounds One and Two respectively, in the championship round to be held February 10, 2010 at Backspace, 115 NW 5th Avenue in Old Town Portland.

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OEN's Seed Oregon: The Road to Angel Oregon

Wednesday, October 14
OEN's Seed Oregon is a unique competition held during four consecutive PubTalk events. The competition is for Oregon and Southwest Washington seed-stage companies who are seeking capital within the range of $100,000 to $2,000,000. One winner from each preliminary round will move on to a championship round, where a finalist will earn a coveted presenting opportunity at OEN’s Angel Oregon, the premier angel investing event in the Northwest.

Nine presenting companies in total will be selected to compete in the 2009-2010 Seed Oregon tournament. Each will have 10 minutes to present their concept to the PubTalk audience, followed by a 10 minute Q&A session. Three companies will compete at each of the preliminary rounds, with the audience voting for the winning presentations to move to the championship round.

Deadline to apply to Round 1 Friday, September 18

 

OEN's Venture Northwest

Thursday, October 29

OEN's Venture Northwest (formerly Venture Oregon) is an annual conference that draws institutional investors and investment bankers from across the Western U.S. who are interested in emerging Northwest businesses and the region's growth segments. It's a great way for investors to connect with the area's hottest emerging Northwest businesses.

Deadline to apply Wednesday, September 2

 

Portland Angel Network

Thursday, November 19

OEN’s Portland Angel Network (PAN) is a group of over 60 accredited angel investors who meet every other month to hear presentations from three early-stage entrepreneurial companies pursuing angel investment. An independently managed subset of PAN members who prefer to invest as a group have formed the Oregon Angel Fund (OAF), a highly structured, professionally managed, fund dedicated to investing in PAN applicants. PAN members have the choice of investing through OAF, alongside OAF, or independently of OAF. PAN members prefer early-stage Northwest businesses managed by market-experienced entrepreneurs of any industry seeking $250,000 to $2,500,000 of capital, with strong growth and profit potential, and a clear opportunity for investors to obtain a superior return on their investment (e.g., a 10X return over 5 years).

Deadline to apply Sunday, October 18

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On the Today show, Bend, OR - based company was showcased for solving the age old problem of shopping for men. The trunkclub.com is an online service that is revolutionizing how men shop for clothes. The Trunk Club clients receive personalized web-based service to take care of all their fashion quandaries.Best yet, the Trunk Club does all the work.

 

The Trunk Club founder, Joanna Van Vleck,  has a long history with style.  Beginning as a style consultant in the Northwest, Joanna began working with busy, professional males who were adamant about not stepping foot into retail stores.  This lead to the development of The Trunk Club.

 

See The Trunk Club on the Today Show.

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Interesting article in Newsweek that suggests less talk could mean more action.  How many of us quietly align the right people to help us achieve our goals, vs. telling anyone who will listen to hear ourselves talk and never getting down to business? I vote for less talking, more doing...how bout you?

 

http://www.newsweek.com/id/197006

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Jefferson-Grapevine.jpg

Last month (March 25) I attended the Jefferson Grapevine event in Medford, OR. The Jefferson Grapevine is a network created by SOREDI (Southern Oregon Regional Economic Development Inc.). The Jefferson Grapevinecelebrates the spirit of entrepreneurship in Southern Oregon providing a unique and powerful forum where leaders of growing businesses can network with fellow entrepreneurs, key advisors, business professionals, and qualified funding sources.”

 

I’ve had the pleasure of attending a couple of their events this year as part of my role as regional coordinator with the Oregon Entrepreneurs Network. Their most recent event showcased Roger Akers as their keynote speaker. Akers is the founder and managing partner of Akers Capital in Sacramento, CA. Akers Capital manages Pac West Technology Fund I, LP, an investment partnership that invests in emerging technology companies in the Northwest and Northern  California.

 

Akers is a successful angel investor and spoke about how he and his team helped stimulate an entrepreneurial movement in the Sacramento area. His talk was so refreshing on many levels. He indicated that when they initiated this effort in Sacramento they had 600 start-ups express interest – which was surprising to most people. The common theme among these 600 businesses was their lack of ability to find mentors/advisors and funding from accredited investors. This is the same challenge many of the entrepreneurs I meet experience in their own communities – myself included!

I’ve had 33 start-ups come to me in the last 3 months seeking mentors, educational opportunities, expert service providers and of course – funding! I’m sure this is a challenge in many small to mid-size communities throughout the Nation. Knowing that entrepreneurs and innovators are key to stimulating an economy, Akers’s talk could not have come at a better time for me – or for Oregon-based start-ups.

Akers provided the following overview for what it takes for a community to rally around their innovators and entrepreneurs:

 

- Gain an understanding of the local market size of start-up businesses.


- Put a support mechanism in place for providing mentors, advisors, and educational and funding opportunities (i.e. OEN, Smart-ups, Jefferson Grapevine, Central Oregon Pub Talks).


- Develop a public awareness campaign to educate the public about how entrepreneurs are the fabric of the region’s economic development. Show how entrepreneurs bring value to your community.


- Engage your local university – including the tech transfer department. Tie this department in with efforts happening outside the universities.


- Build a capitol network that is diverse  in its make-up and trained on how to support local new ventures.


- Engage service providers who support emerging growth-oriented businesses – including, lawyers, accountants, bankers and insurance providers.


- Celebrate the successes of your local entrepreneurs!


Smart-ups_Logo.JPGI realize many of these points seem simple; however implementing them simultaneously, gaining support from the appropriate organizations, and keeping the momentum going can be the challenge.

 

It’s organizations like the Oregon Entrepreneurs Network (based in Portland), the Jefferson Grapevine (based in Medford), Smart-ups (based in Eugene), the Corvallis Entrepreneurs Forum and the Central Oregon Pub-Talk (based in Bend) that foster the growth of entrepreneurs and investors. Please reach out and support these organizations in a way that’s appropriate for you. OEN logo.jpg

 

Thanks again to Roger Akers for donating his time to visit the Jefferson Grapevine and share his knowledge and experience with smaller communities working to foster their own entrepreneurial efforts. Kudos goes out to Ron Fox, executive director at SOREDI, and his team for hosting Roger at their recent Grapevine event. Excellent program!

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Hi everyone -

 

Check out this upcoming event on Thursday, March 19th, at NedSpace.  It should be a fun and interesting gathering, good for perking up entrepreneurs during this dark economic times.  Many thanks to Josh Friedman for sending us this info!

 

You can register for the event by clicking on the Yahoo Upcoming link at the bottom of the message.

 

Hope to see you there!

 

Larry

 

Join Oregon's entrepreneurs Thursday evening March 19th at 5:00 PM at NedSpace (920 SW Third, between Taylor and Salmon) to explore and answer the question "What Would Your Startup Do With $250,000 in 2009?"

 

In the last 6 months the economy, access to capital, the cost of talent and the opportunities for innovation have all changed. We think it's time for the relationship between entrepreneurs and the State of Oregon to change, too (the state needs jobs & entrepreneurs need capital!).

 

Hear stories of successful, local homegrown companies that have either bootstrapped or raised funds and then grown themselves to success.


Most importantly, though, the goal of this event is to prove to the State of Oregon that there are enough jobs, compelling ideas and entrepreneurs to warrant an immediate investment of $100,000,000 for start ups that want to hire local talent.

 

We are working to raise a $100M fund that makes small investments in Oregon-based companies who hire Oregon-based employees. Now, in 2009. Not next year or some point in the future. In growing these new startups, we are investing in innovation, creating jobs and building Oregon's brand with innovators and entrepreneurs.

 

Please be prepared to answer the following questions:

  • Could your company hire $250,000 worth of Oregon-based talent in 2009 to get it to the next level?
  • What could your company achieve during 2009 with a $250,000 investment?
  • How many new jobs would be created if 400 new Oregon startups were funded?
  • How would you like to see $100,000,000 invested in Oregon startups?

 

NedSpace is proud to host an Oregon entrepreneurial startup event during this unparalleled time of economic chaos and disruption. Be a part of this unparalleled movement!

 

http://upcoming.yahoo.com/event/2127942

 

//Contact Information//
Wayne Embree - wle@refcapllc.com, 503.619.4310

Josh Friedman - josh@bw-mn.com, 503.705.7975

Mark Grimes - mark@bw-mn.com, 503.502.0185
Harvey Mathews - harvey.mathews@sao.org, 503-999-5849

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For those organizations that felt the impact of this year's severe storms, the U.S. Small Business Association (SBA) has announced that it will offer economic relief through disaster loans.  For some small Portland businesses, the loans will help alleviate the financial stress caused by the storms experienced between December 14, 2008 and January 4, 2009.  The SBA has established a Disaster Loan Outreach Center in Portland to assist business owners in obtaining information and assistance with the loans.

 

Read more about the Economic Injury Disaster Loans.

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TiE Global is  proud to announce its partnership with Microsoft Corporation for the launch of  the global startup program, Microsoft  BizSpark.

Microsoft BizSpark  is a new program designed to accelerate the success of entrepreneurs and early  stage startups by providing access to Microsoft's software and connecting them  to a global network of entrepreneurial organizations such as TiE. The BizSpark  Program provides startups with software and technical support at a time  when they are least affordable—during their first three years, with no upfront  costs and minimal requirements.

All startups that  are established by TiE Members and Charter Members can enroll in the BizSpark  program to receive fast and easy access to current full-featured Microsoft  development tools, platform technologies, and production licenses of server  products for immediate use in developing and bringing to market innovative and  interoperable solutions.

To be  eligible for BizSpark, startups must meet the below mentioned  criteria:

·         They should be  actively engaged in the development of a software-based product or service that  is a core piece of their business model,

·         They should be  privately held,

·         They should be in  business less than three years, and

·         Their annual  revenue should be less than USD$1M. 

Enrollment in the  program is free. Startups can keep all the development tools they have  downloaded over the three years of the program. Microsoft will only assess a  USD$100 program offering fee when the startup exits the  program.

 

OEN members who are interested should contact the TiE Oregon Executive Director, Anu  Khaira at 503-332-6007 or via email at anu.khaira@oregon.tie.org. Bizspark Application Form attached.

 

 

TiE Oregon 

P.O Box  91042,

Portland, OR 97291

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Visit the OPB to read/add to the discussion. http://action.publicbroadcasting.net/opb/posts/list/1797812.page

 

Or listen to the show by clicking this link. http://stream1.opb.org:9000/tol/episodes/2008/1030.mp3

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John Hull, with OVP, kicked off OEN's Venture Northwest with his top 10 reasons to be hopefulin the current economy (aka "the audacity of hope").

 

1. Think long-term

2. Competitors will get conservative

3. Now is the time to strengthen the team

4. Cash is King

5. Great time to have a product offering that can reduce expenses

6. The race is won in the mountains (hard times)

 

Sidebar: the following companies were started during an economicdownturn: Skype, Cisco Systems, MasterCard and Mentor Graphics

 

7. Great leaders

8. 14 Great young companies (presenting today)

9. The Pacific Northwest

10. Pessimism will probably fail

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OEN's Venture Northwest on Thursday, October 30 at the PortlandMarriott Downtown Waterfront Hotel will be host to OPB's Think OutLoud, hosted by Emily Harris.

She will be speaking with Gerry Langeler of OVP Venture Partnersalong with Emily Mendell, vice president of strategic affairs atthe National Venture Capital Association and Arundeep Pradhan,director of technology and research collaborations at OHSUregarding entrepreneurship, innovation, the economy and how theinvestment future looks for Oregon entrepreneurs.

 

We would love to have the OEN community help frame thediscussion. Visit this link to join the discussion. http://action.publicbroadcasting.net/opb/posts/list/1797812.page

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The OregonEntrepreneurs Network (OEN) has hired Jean Ann Van Krevelen asDirector of Development. This is the first Director of Developmentposition at OEN, and the part-time position is funded by a $100,000grant over three years from the Meyer Memorial Trust.

 

 

 

Van Krevelen isthe President of Escalation Business Consulting, a consulting firmwith a focus on business coaching, strategic direction and funddevelopment. She is also the owner of Garden to Farmer, a gardeningcompany that offers coaching, edible garden design and naturallygrown produce. Jean Ann also has 16 years of non-profit experience,and previously served as the Executive Director of the Cascade AIDSProject.

 

 

 

At OEN, VanKrevelen will focus on a major gifts campaign and will help theorganization explore the possibility of creating an endowment tohelp fund OEN’s programs for entrepreneurs.

 

 

 

“As anentrepreneur at heart, I am incredibly honored and excited to bejoining
OEN as they break ground on this venture,” said VanKrevelen. “OEN has always done an excellent job of helpingbrilliant startups find funding to support their efforts, and now,it will be doing the same for itself. We want to make sure that OENis around for the innovators of the future.”

 

Van Krevelen wasvoted one of “50 Making a Difference” by the Oklahomabusiness newspaper the Journal Record, and was honored with theUniversity of Oklahoma’s School of Social Work Social WelfareLeader award. In 2007, Van Krevelen was named one of “40Under 40” by the Portland Business Journal and one of“100 Women We Love” by Go NYC Magazine. She receivedher Bachelor’s degree in Language Arts education fromPhillips University and a Master’s in Social Work from theUniversity of Denver.

 

 

 

 

About OEN

 

 

 

Founded in 1991,the Oregon Entrepreneurs Network is a not-for-profit corporationdedicated to providing opportunities for Oregon entrepreneurs andimproving the business climate for emerging, growth-orientedcompanies statewide. The organization has members throughout Oregonand southwest Washington. For more information about the OEN, visitits website at [www.oen.org|http://www.oef.org/].

 

 

 

For more information, press only:

 

 

 

Jessica Foote

 

OnPR

 

503-802-4406

 

jessicaf@onpr.com

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