 Nicole Vogel had previously sought out seed capital from investors at the Oregon Entrepreneurs Forum in February 2003 , and in total raised less than $ 1 million from investors . One of the first investors in Portland Monthly was the " Women ’ s Investors Network " , a Portland @-@ based group of women @-@ investors which is part of the Oregon Entrepreneurs ' Foundation . A formal gathering was held on September 27 , 2003 at the Portland Armory to celebrate the launch of the magazine , and the magazine debuted September 29 , 2003 . The first issue was 104 pages , and due to initial funding issues the magazine appeared bimonthly for the first year . 40 @,@ 000 copies were produced for the first issue . The first issue was dedicated to the theme : " Why We Love This Town " . The magazine was profitable in its first year and brought in $ 1 million in revenue . 
