http://siliconflorist.com/2011/07/28/filling-details-pie/

If you’re developing a brand friendly mobile technology [that's the focus right?] but you are now owned in part by Wieden and Kennedy, will any other ad agency work with you? Will any brands competitive to Wieden clients hire you?

No.

The reality of the advertising world is that none of them will contract with you. It’s like a poison pill that tastes great as long as it lasts but unlike every other incubator that prepare a company to go into the market this incubator restricts you from ever going into the market beyond the Wieden roster.

There are so many better structures that could be implemented. I know three companies between Portland and Seattle who have declined to submit an application for this exact reason. But, no one from PIE will address it.

The other sad fact is that between PIE and Portland Seed Fund there won’t be enough money to keep these companies going to another funding round. It’s a crash and burn scenario.

I’m sorry, but I’m tired of reading about how great it is to be a mentor or how great Wieden and Kennedy are. I want to hear a well thought out, intelligent strategy for growing sustainable start-up businesses in the NW. This isn’t a TED Talk about the grooviness of ad agencies, it’s a suck-butt economy and second rate business environment that needs help.

Maybe the mentors could mentor the PIE management and come up with a 3.0 before the 2.0 screws up too badly? /rant