10-25. It wanted a 20% stake in the company in exchange for $100,000. Do you want to see how memory has evolved in computers over time? “My goal is to make a meaningful difference in the world, not become an acquisition target and cash out in a few years,” he said. Good rainy day choice for kids of all ages. Snowflake, which had a record IPO last year, “incubated” at Sutter Hill Ventures, as did pet-sitting service Rover at Madrona Venture Group. It also offers a $100,000 convertible note to participating companies. Companies that spun out of Seattle startup studio Pioneer Square Labs over the past few years dabble in industries such as esports, cloud computing, real estate, advertising, sales tax, and virtual reality. See reviews, photos, directions, phone numbers and more for the best Testing Labs in Pioneer Square, Seattle, WA. 54 were here. Be sure to check out the Pioneer Building on 1st and James - gorgeous. Details about Snowflake and Rover were also added. PSL co-founder Ben Gilbert said he was surprised at how productive the studio has been over the past year. I visited with my wife, and then bought the year pass and came back with my kids. PSL plans to continue betting on Seattle. Pioneer Square Labs’ mission to speed up the process of conceiving, testing, staffing and launching a startup has resulted in three spinouts — and 18 nonstarters — over the first year. We bring a wealth of experience as founders, investors, and operators. The studio itself has raised $27.5 million to date from more than a dozen U.S. venture capital funds and 50-plus angel investors — a who’s-who list that includes firms such as Bezos Expeditions and individuals like Expedia and Zillow founder Rich Barton. If you answered "yes" to any of these, I'd highly suggest you check this place out. Ideating, validating, building, and spinning out technology companies like it's our job. The Weekly Notable Startup Funding Report: 9/7/20. Buying a home is personal, and “home” means more than ever. At the end of the day it’s about maximizing the chances of making it, and PSL was and continues to be a great ally in this.”. How Seattle startup studio Pioneer Square Labs spun out 25 ideas in 5 years — with more on the way geekwire.com - Taylor Soper. The studio later added Sandler and startup vet T.A. Much of its investment thesis relies on Seattle’s strengths in cloud computing, machine learning and artificial intelligence. Today with $12.5 million from 12 VCs and 50 angels, Pioneer Square Labs launches its startup studio. Flyhomes clients are using their homes as wedding venues, schools, recording studios, showcases for their Instagrammable meals, and more. Learn more about underwritten and sponsored content on GeekWire. PSL raised an $80 million seed-stage venture fund in 2018, giving it flexibility to back up-and-coming companies that don’t go through its studio. Can it be? Alexander Day, co-founder of real estate startup Modus, worked with another Seattle-area startup studio — not PSL — when his company was getting off the ground. The Pioneer Square Labs team. We are funded by 13 VCs and 50 angel investors from Seattle, Silicon Valley, Colorado and other parts of the country. “That’s not an incubation — that’s almost like a hostage situation.”. The latest startup out of PSL is called Gemma Labs, a Fun for all ages--for those of us who have seen computers go from the size of a building to the size of a cell phone and for kids who have never lived without them. Ideating, validating, building, and spinning out technology companies like it's our job. As far as turning out early-stage technology ventures goes, Seattle-based Pioneer Square Labs has been at it since October 2015. Our team includes some of the best execution machines in the business—all passionate about solving hard problems and helping to build your company. If PSL takes a large cut off the bat, it could cause future investors to balk. NYC Tech Week in Review; Search. Pioneer Square Labs. Our backers include 13 of the world's top venture firms and over 50 angels from the Pacific Northwest, Silicon Valley, and around the country. With massive glaciers, powerful waterfalls, and alpine meadows, Mount Rainier National Park is among one of Washington's most spectacular reserves, but it can be hard to get to, especially in heavy traffic. Pioneer Square Labs. PSL startups accounted for nearly a quarter of venture rounds raised at $10 million or less during the pandemic by Washington state startups, according to data from PitchBook. Operator of a startup studio intended to create and launch technology startups. Pioneer Square Labs. Pioneer Square Labs General Information Description. Twitter Linkedin Instagram Vimeo. Now you can add beauty to that list. So, there's a lot to be said about this part of Seattle. First of all, like the name impl, The living computer museum surprised me more than a little. About Pioneer Square Labs Pioneer Square Labs is a Seattle-based startup studio and venture firm that finances, creates and launches technology startups. PSL companies include those started by entrepreneurs who approached the firm with their own ideas, and others that PSL recruited after coming up with a tested pitch. Restaurants near Living Computers: Museum + Labs: Things to do near Living Computers: Museum + Labs. PSL has a maniacal focus on getting customer signal as quickly as possible for a potential idea. Managing Director. And some are critical of the startup studio model, saying firms such as PSL take too much stock ownership from founders, increasing dilution and potentially dissuading future investors. Pioneer Square Labs is taking its startup factory model to the next level, teaming up with industrial giant Fortive for a "joint innovation studio" to help the publicly-traded company build new… The Seattle region has seen its tech and startup ecosystem grow rapidly in recent years, buoyed by hometown giants Microsoft and Amazon, along with increased venture capital investments and more billion-dollar startups. Subscribe to GeekWire's free newsletters to catch every headline, presented by First Tech Federal Credit Union, Epic Games buys Seattle-area video game development toolmaker RAD, FOX Sports bringing popular camera tech to NFL Playoffs, kicking off with game in Seattle, Brightly raises $1M for eco-friendly e-commerce and content platform, following the Goop playbook, Tech veteran Suzi LeVine leaving Washington state unemployment agency for Biden administration role, Microsoft will increase price of Xbox Live Gold subscription plans in apparent push for Game Pass, Tech Moves: Microsoft’s Brad Anderson jumps to Qualtrics in wave of pre-IPO hires; Elena Donio joins Databricks board; Hiya, Esper add startup vets, ‘I feel great’: Bill Gates shares photo of himself getting first dose of COVID-19 vaccine, Is the regulatory crusade against Big Tech over? Our purpose. They differ from accelerators, incubators, or standalone venture funds. Testing Labs in Pioneer Square on YP.com. Hotels near Living Computers: Museum + Labs: What restaurants are near Living Computers: Museum + Labs? Search for other Research & Development Labs in Seattle on The Real Yellow Pages®. That scares some entrepreneurs. I've been to the Computer History Museum in Mountain View and that museum isn't even close to what this museum has to offer. McCann as managing directors. This is the old core of the city, where skid row was birthed and some of the oldest buildings can be found. Techstars, another top startup accelerator that provides mentoring and networking access, takes a 6% stake of fully-diluted capital stock in exchange for $20,000. Literally. We don’t need to, and we shouldn’t anymore.”. And in five short years, the 22-person firm has rapidly emerged as a cornerstone of the Pacific Northwest’s red-hot innovation ecosystem. Testing Labs in Pioneer Square on YP.com. Very unique museum with exhibits covering 1970s onwards. The flywheel is spinning at Pioneer Square Labs, the Seattle startup studio formed five years ago by a cadre of Seattle’s leading angel and venture … PSL declined to provide a specific breakdown on how much equity the studio takes from spinouts. “We’re in a unique position to remove some of that friction for strong entrepreneurs of diverse backgrounds, pandemic or not — but it’s especially powerful during a pandemic,” she said. Upstairs is a museu, This is a must see if you're in Seattle! Studio Ventures Companies Team Careers Feed. Best Business Blogs is a Marker column that scours the web for the most interesting posts on business, entrepreneurship, and product development. A bit expensive; had to get an annual membership to make the family visit cheaper. Love this museum. If you are a resident of another country or region, please select the appropriate version of Tripadvisor for your country or region in the drop-down menu. Others spent years at larger companies and were ready for the startup journey. An interesting museum on the history of computers and how they are used now. Only one portfolio company has raised a Series B round or later. 313 likes. Many startup studios have launched in recent years, including Seattle’s Kernel Labs, new B2B firm Pienza, and Madrona Venture Labs, which also rapidly spun out startups last year. Studio Ventures Companies Team Careers Feed. Hands on activities and staff/guides who are were eager to answer your questions. Pioneer Square Labs. So, there's a lot to be said about this part of Seattle. GeekWire’s coverage this week is underwritten by Flyhomes. 81 reviews of Pioneer Square "First to review Pioneer Square? Startup studio in Seattle, WA. Menu ← Home. It uses phone calls and structured interviews with customers; landing pages and targeted traffic; and other tools, including custom-built software that helps PSL assess whether it should refine an idea, work on it some more, or kill it. “If you’re an entrepreneur and you can’t collaborate in person, this is an amazing option to be able to slot into a process that’s already well-defined and moving fast,” he said. Best Business Blogs is a Marker column that scours the web for the most interesting posts on business, entrepreneurship, and product development. by Taylor Soper on January 8, 2021 at 8:09 amJanuary 8, 2021 at 8:08 pm. Pioneer Square Labs is a startup studio that tests and validates startup ideas, then funds and hires a founding team around the most promising concepts. New Milestones $27.5M. Photo: J J D/Getty Images. A majority of PSL spinouts have gone on to raise additional investment, including two — NextStep and Yesler — in the past week. As a first-time founder, Boundless CEO Xiao Wang felt it was worth it to partner with PSL so he could worry less about startup logistics and more on building a product. Companies such as Hims are among the studio success stories. Employees N/A. Pioneer Square Labs is a startup studio that tests and validates startup ideas, then funds and hires a founding team around the most promising concepts. Given PSL’s expertise and connections, she said it can help disadvantaged people maneuver past roadblocks and get a leg up — and help level the industry-wide playing field in the process. Would you be interested in building some robots? Modus ended up raising capital from firms outside of Seattle, and was just acquired by Compass in October. Startup studio in Seattle, WA. “Because we’re Seattle, we undersell ourselves a little bit. Not only are the exhibits fairly engaging for younger folks, but there's enough real content to excite even the older geeks/history buffs. When is Living Computers: Museum + Labs open? The latest startup out of PSL is called Gemma Labs, a Julie Sandler, Pioneer Square Labs managing director, discusses the startup's business model and the future of artificial intelligence with Bloomberg's Emily Chang at … In some instances, studios command upwards of 80%, with low points around 15%. Close. 01:33 What is PSL Ventures? Pioneer Square Labs exists to build the next generation of world-changing companies, bringing together exceptional founders, big ideas, and investment capital. Week in Review: Most popular stories on GeekWire for the week of Jan. 10, 2021; ... Microsoft, One Medical, Pioneer Square Labs & Providence Digital Innovation Group Read More. Companies that spun out of Seattle startup studio Pioneer Square Labs over the past few years dabble in industries such as esports, cloud computing, real estate, advertising, sales tax, and virtual reality. But he added that there isn’t enough data to assess PSL’s performance and impact on founders or later round investors. But the firm is bullish about the future. Flyhomes puts you at the heart of the home buying experience, cutting through confusion and offering breakthrough ways to find and buy a home you love. All. Total Funding 11. Our backers include 13 of the world's top venture firms and over 50 angels from the Pacific Northwest, Silicon Valley, and around the country. View T. A. McCann’s profile on LinkedIn, the world's largest professional community. That framework has proven to be valuable during the pandemic. But in exchange, they may also give up more equity than a founder who raises investment from traditional investors. The flywheel is spinning at Pioneer Square Labs, the Seattle startup studio formed five years ago by a cadre of Seattle’s leading angel and venture capital investors. Photo: J J D/Getty Images. In the course of a six-month span during the pandemic, PSL spun out six new startups, bringing its overall total to 25. The flywheel is spinning at Pioneer Square Labs, the Seattle startup studio formed five years ago by a cadre of Seattle’s leading angel and venture capital investors. For an entrepreneur like Wang, stock ownership wasn’t a top concern. Plenty of hands-on activities. “Could I have built Boundless in a garage eating ramen? “If you believe that engineering is at the heart of startups, is there a better place on planet Earth that has a higher concentration of talented entrepreneurs than Seattle?” said Gottesman. A survey conducted by Global Startup Studio Network found that startup studios take on average a 34% equity stake when a company is founded. And one of eight have at least one founder who identifies as BIPOC (Black, Indigenous, people of color), such as Glow and Cash. Workday buys Trusted Key in first exit for Seattle’s Kernel Labs, and a proof point for startup studios, Cybersecurity compliance startup StrikeGraph is the latest Madrona Venture Labs spinout, Bizible founder Aaron Bird raises $5.1M for new Seattle B2B startup studio Pienza, Seattle startup studio PSL teams up with publicly-traded industrial giant Fortive to create companies, Report: Bill Gates is largest owner of private farmland in U.S., with acreage across 18 states, Clap your mittens: Bernie Sanders makes his way to Seattle in meme that is taking over social media, Microsoft campus near Seattle will be used to administer COVID-19 vaccine, Amazon sends letter to President Biden, says it is ‘ready to assist’ with U.S. vaccination efforts, Like what you're reading? This is the version of our website addressed to speakers of English in the United States. Editor’s note: This story was updated to reflect that Shipium is not a PSL spinout, but a PSL Ventures company. Among the 25 spinouts, only JetClosing, a digital title and escrow company, has raised a Series B round or later. PSL companies have raised more than $200 million combined to date from fellow Seattle firms such as Madrona and Flying Fish, as well as out-of-town investors including Los Angeles-based Greycroft and Norwest Venture Partners from Silicon Valley. For comparison, a lead investor in a Series A round typically wants 20% of the company, according to Silicon Valley accelerator Y Combinator, which also advises entrepreneurs to avoid giving up more than 25% of their company in a seed round. It was created by PSL in partnership with industrial giant Fortive. The one downside is that the exhibits can get technical. The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. Yes,” Wang said. “That really puts the cap table in a pretty shitty position for future investors,” Day said. Is this a must-do if you are traveling with a, Is this a romantic place or activity that you would suggest for, Is this a place or activity you would suggest for, Is this a place or activity you would go to on a, Are the prices for this place or activity, Is this attraction a good place to visit on a, The funny thing was that I had no idea that this place even existed until I found a brochure on the Bridgebain Island ferry. Boundless, a spinout of Seattle-based startup studio Pioneer Square Labs, has raised nearly $3.6 million from investors, including Foundry Group, Founders’ Co-Op and Two Sigma Ventures. Pioneer Square Labs, or PSL, cropped up in 2015 to create, launch and fund technology companies headquartered in the Pacific Northwest. In Seattle’s tight-knit entrepreneurial circles, one of the biggest criticisms of PSL — and other studio models, for that matter — is that they take too large of an equity stake upfront. The astounding rate of entrepreneurial energy coming out of PSL is noteworthy — very few Seattle firms have helped create so many ideas, so quickly. Twitter Linkedin Instagram Vimeo. 81 reviews of Pioneer Square "First to review Pioneer Square? Literally. by Taylor Soper on January 8, 2021 at 8:09 am January 8, 2021 at 8:08 pm That’s why startup studios are unique — and also a point of debate among entrepreneurs and venture capitalists. Some are serial entrepreneurs such as Brian Monnin, the former Play Impossible CEO who is now leading a new COVID-19-related smart camera startup called Quivr. Let us know. “There are some billion-dollar companies in there,” said PSL managing director Greg Gottesman. Menu ← Home. Downstairs is a mix of AI, robots and arcade games. Studio Ventures Companies Team Careers Feed. Details about Gradient, a PSL spinout, were added to the story. Hotels near Living Computers: Museum + Labs: (0.70 mi) Silver Cloud Hotel - Seattle Stadium (1.12 mi) Embassy Suites by Hilton Seattle Downtown Pioneer Square (1.74 mi) Four Seasons Hotel Seattle (1.92 mi) Inn at the Market (1.56 mi) The Alexis Royal Sonesta Hotel; View all hotels near Living Computers: Museum + Labs on Tripadvisor But more and more are cropping up lately; the global total is near 600, according to Enhance Ventures. We had lots of fun with our 4 kids different ages between 10-1. A new model for building companies We work with world-class entrepreneurs in the Pacific Northwest to turn the best ideas into market-defining, venture-funded companies with rapid customer adoption. See reviews, photos, directions, phone numbers and more for the best Testing Labs in Pioneer Square, Seattle, WA. Menu ← Home. Recommend the guided tours if available when you are there. The startup studio concept is not new; Idealab was one of the first to find success, more than two decades ago. Greg Gottesman. Related Companies Founded on 2015. Any organization that helps entrepreneurs create companies “is a good thing for the ecosystem,” said Chris DeVore, managing partner at Seattle VC firm Founders’ Co-op. Gottesman helped launch Madrona Venture Labs while he was a managing director at Madrona Venture Group, before teaming up with Gilbert — a former Labs co-founder — alongside veteran investors Geoff Entress and Mike Galgon to start PSL. Boundless, a spinout of Seattle-based startup studio Pioneer Square Labs, has raised nearly $3.6 million from investors, including Foundry Group, Founders’ Co-Op and Two Sigma Ventures. One-third of the studio spinouts are woman-founded — such as Remarkably and Gemma. “We pride ourselves on killing ideas quickly and ruthlessly,” said Gottesman, who previously served as a managing director at Seattle’s Madrona Venture Group. Sorry, there are no tours or activities available to book online for the date(s) you selected. T. A. has 23 jobs listed on their profile. Prices surprised us:)Definitely a great thing to do on a rainy day Thank you! We are funded by 13 VCs and 50 angel investors from Seattle, the Bay Area, Colorado, and other parts of the country. LinkedIn Website Github Twitter. Although it's called a square, Pioneer Square is more of a district where Seattle was founded in the mid-1850s. PSL’s long-term impact on the Seattle startup ecosystem remains to be seen. The idea is to build multiple startups, getting involved at the ground floor and helping recruit a team to carry the company forward. We are … I took my teenage niece here when she visited during the summer and it was a hit. One of the first things that stands out is PSL’s high “kill rate.” To get to the 25 startups in the PSL portfolio, the firm eliminated about 215 ideas that didn’t make the cut. 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