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As Skystream entered the critical expansion phase of its growth as a private company, WTI provided us the capital cushion we needed to maximize our market opportunity

Joseph Geesman
CFO and Vice President of Operations, SkyStream Networks (acquired by Tandberg Television)

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We chose WTI over other lenders because they had great local references in the New York City metro area and are well known for their ability to scale with companies over time.  We always dealt with a highly responsive decision maker from first engagement through funding, and would highly recommend them to any of our business partners.

Gauthereau Guillaume
CEO, Totsy

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This is my second start-up and my second time working with WTI.  WTI certainly provides capital that is helpful in growing a business. But even more so, being able to do business with people you can trust is critical to us.  We work with WTI because of the value of our relationship.

Brent Dusing
Founder & CEO, Hexify

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WTI appreciates how businesses change over time. Their flexibility was important to our initial relationship together. As Molecular Imprints has grown, WTI has scaled with us and provided substantial follow-on financing to meet our evolving needs.

Norman E. Schumaker
President and CEO, Molecular Imprints

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I have worked with WTI in two of my companies, and their capital works as advertised; it is truly usable and provides real value. The WTI team is used to the challenges of operating in a start-up environment, so they have steady hands. I would be pleased to work with them again.

Bernard Harguindeguy
CEO, Atlantis Computing and GreenBorder Technologies

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WTI provided $11 million to WWP at a critical inflection point for the company. We had a new product we were bringing to market which became the foundation of our successful acquisition by Ciena. The debt capital and support from our existing investors allowed us more time to win large carrier contracts and improve our position with potential acquirers.

Matt Frey
COO, World Wide Packets (acquired by Ciena)

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WTI committed meaningful capital to Polyserve at a time when our business was nearing an inflection point and we were also outgrowing our incumbent debt source. The additional time allowed us to benefit from the solid progress we were making in the business by raising our final round at a significantly increased valuation. The firm's stability and scalability make them a strong partner for venture backed companies of all sizes.

Michael Stankey
Former CEO & President, PolyServe, Inc. (acquired by Hewlett-Packard Company)

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Given the strong trajectory of our business, we were fortunate to have a number of firms interested in working with us.  After a fair amount of referencing with our existing investors and other entrepreneurs, we chose to work with WTI given their long history as a firm with the patience and risk tolerance for long-term value creation.  WTI understands our business at a fundamental level and has been terrific to work with from first meeting to funding.

Jasper Malcolmson
CEO, Bloomspot

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Our long-standing relationship with WTI has given us first-hand experience with how consistent and valuable they are as a partner, especially in challenging macroeconomic times.  WTI has been a strategic source of capital that we have relied on to help grow our business.

Jim Imbler
CEO, ZeaChem

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Over the past 4 years we have worked with WTI on 3 separate lending transactions totaling $15.5 million. They have proven to be strong financial partners and particularly responsive at critical times when we most needed their support.

Michael Maulick
CEO, Platform Solutions

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This is the third company that I have founded, and in each case, I have worked with WTI because of their integrity and flexibility.

Christopher McCleary
Chairman & CEO, Evergreen Assurance

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WTI has been a valuable partner to Youku as we have grown over the years.  They really took the time to understand our business, which was important to us since we are a China-based company.

Victor Koo
CEO, Youku.com (NYSE: YOKU)

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It was important for Neutral Tandem to choose a reliable financing partner who could scale with us.  WTI provided us with financing early in our development, and has continually been able to meet our funding needs as our business grew.

Rob Junkroski
CFO, Neutral Tandem (NASDAQ: TNDM)

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WTI provided valuable capital to Sierra Logic as our company continued to grow. Their three commitments (totaling $7.8 million) provided the additional runway we needed to get to profitability without having to raise additional equity.

Bob Whitson
CEO, Sierra Logic (acquired by Emulex)

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It can be challenging as a first time CEO to navigate venture waters, and WTI has consistently provided strong support and seasoned guidance at each stage of our growth. WTI has been an excellent partner and integral part of the FanBridge story.

Spencer Richardson
CEO & Co-founder, FanBridge.com

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I have had a positive experience working with WTI at three different companies. WTI consistently delivered as promised and showed considerable flexibility to meet our unique business requirements. After 25-years of working in Silicon Valley, I can attest to the importance of smart money.

Steve Wong
CFO, Rainfinity (acquired by EMC)

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WTI played an integral role in financing the early development at Ablation Frontiers in conjunction with our Series A equity. They are a great partner.

Keegan Harper
CEO, Ablation Frontiers

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WTI's growth capital has been an important part of the capital structure, and strategic planning, of several of our portfolio companies.

Beckie Robertson
Partner, Versant Ventures

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WTI played a pivotal role in working with our team and investors. Without their assistance, we would not be the successful, publicly traded company we are today.

William (B.J.) Lehmann
President and COO, Athersys (NASDAQ: ATHX)

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WTI has provided funding to more than ten Founders Fund companies. We consider them to be a valuable partner and love working with them.

Luke Nosek
Managing Partner, Founders Fund

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WTI made a commitment to Brocade when the company was still unproven; their capital had a meaningful impact on growing the business.

Bruce Bergman
Former CEO, Brocade Communications (NASDAQ: BRCD)

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WTI is a terrific and exceptionally responsive partner. Throughout the relationship I dealt with a decision-maker who provided me quick and candid feedback, which enabled me to maximize the time I devoted to running my business. Given my positive experience with the firm, I highly recommend WTI to any company seeking the highest quality capital partner.

Victor Jablokov
President & COO, Yap

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WTI's $25 million commitment was a key component of our financing strategy on the runway to an IPO. The strength of the firm's history and reliability of its capital were keys to selecting WTI as our debt partner.

William Moffitt
President and CEO, Nanosphere [NSPH]

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WTI's capital came at a critical juncture for the company as we began our initial product launch. The runway the facility provided gave us additional time to demonstrate our technology, culminating in our acquisition by AOL.

Eric Engstrom
CEO, Wildseed

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We chose to work with WTI rather than a bank because their deal structure was more flexible and it really allowed us to use the money.

Vivek Ragavan
CEO, Atrica

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WTI's growth capital gave us extra time to assemble the best possible investors in our Series B financing.

Keegan Harper
CEO, Cameron Health (Acquired by Boston Scientific)

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During Juniper's earliest days, it was comforting to know we were working with a debt partner of the same caliber and mindset as our VC investors.

Scott Kriens
President & CEO, Juniper Networks (NASDAQ: JNPR)

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WTI was a great, dependable partner to Plaxo, from the early days of our build out through our successful sale to Comcast. Through multiple stages of debt financing, we found them to be level-headed, flexible and responsive. Not only was their venture debt model a terrific fit - their people have all the right characteristics for a dynamic industry such as ours.

Ben Golub
CEO, Plaxo (acquired by Comcast)

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In every company I've started or been a part of, I come across a subset of folks that I know I'll call without hesitation in my next company, and WTI is one of those companies.

Doug Camplejohn
CEO, Mi5 Networks

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WTI's capital came into IronPort at an important time early in the company's development - we really enjoyed working with the WTI team.

Scott Weiss
CEO, IronPort Systems (acquired by Cisco Systems)

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As a public company, we had many financing options available to us. We were very impressed with how WTI worked with us on the $15 million debt instrument that we announced in conjunction with our recent follow-on offering.

Tim Lynch
CFO, Tercica

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Articles


4 startups that are taking the web from geek to chic



The worlds of fashion and technology have finally begun to combine in a serious way. It couldn’t have happened soon enough: Judging by the racks of discounted clothing you’ll still find when you walk into any typical Gap or department store, the big traditional retailers still have a long way to go when it comes to using technology to help with design, manufacturing and inventory analytics.

Of course, the selection and shipping elements have already been worked out by e-commerce giants such as Amazon. But the thing is, folks still need help deciding what to buy — especially now that selection is bigger than ever. Historically, that need has been met by brick-and-mortar stores staffed with salespeople. But today, software algorithms and social media can go a long way toward supplanting those in a more efficient way. Meanwhile, newer sites such as Pinterest, Polyvore and Fancy have made it so that window shopping online is now just as fun as strolling down Madison Avenue in person.

Now, for me, shopping in-person at local businesses will always be ideal (I’d hate to think of all the neighborhood boutiques in San Francisco being boarded up). But a new crop of companies is raising the bar for everyone in the retail space, using the web to make the process more data-driven and social than ever before — and that should ultimately be a good thing for everyone. Here are a few of the hottest ones:

Stitchfix

What it is: Your own personal stylist or personal shopper — but without any in-person pressure or Hollywood-style fees. For now, the site is focused on female clients, and the bulk of its products seem to fall in the mid- to upper-middle price range, with many of them made by up-and-coming designers.

How it works: You take a survey so that Stitchfix has an idea of your budget, size, body type, personal taste and lifestyle. The company then sends you a box of clothing and accessories for you to try on. You keep and pay for what you like, and send back what you don’t. Stitchfix charges a $20 “styling fee” per box, but that will be put toward any clothing to decide to keep — so you only really pay it if you end up sending everything back. Shipping is free.

Who is using it: The site is in beta now, so the user base is limited — but already the site has garnered lots of buzz and dedicated fans among 20- and 30-something women working in the tech world.

StitchFix user Laura Oppenheimer, who works as a marketing manager at San Francisco startup Formspring, says she likes the service because it’s convenient and continuously improving:

“I like that I can try on each item at home and make a decision based on how it fits in with the rest of my wardrobe, not just how I look in the mirror at a store, with a salesperson telling me how great everything looks. The pieces they send me aren’t always my style, but I feel like the more I use the service, the more targeted it gets.”

Trunk Club

What it is: Essentially, it’s a lot like Stitchfix, but it’s for men — a set of the population that’s notoriously allergic to the mall. The company puts it this way: “We help guys get excellent clothes without any of the shopping.”

How it works: First, you let Trunk Club know your size, taste, budget and style preferences. You can do this by filling out an online profile or calling them on the phone. Trunk Club will then send you a personalized box of clothing and accessories for you to try on. You keep and pay for what you like, and send back what you don’t. There is no styling or service fee, and shipping is free. Alternately, you can go in person to Trunk Club’s Chicago headquarters for a personal fitting of everything in their inventory.

Who is using it: Trunk Club’s target audience is professional men who prefer classic, well-made clothing — and are willing to pay for it. Its products are on the higher end in the price spectrum, and the company likens itself to Barney’s, Nordstrom and nicer mens’ boutiques: Shirts cost between $70 and $250, denim between $165 and $225 and sweaters between $75 and $225. Trunk Club’s CEO Brian Spaly has said in interviews that the service is made for “married men between the ages of 25-55 with zero time on their hands.”

Everlane

What it is: A members-only, online-only clothing and accessories business that sells well-made basics for men and women.

How it works: Everlane has established relationships with the same factories that make expensive designer goods. Each month, the company produces its own collection of high-end wardrobe essentials — think James Perse-like t-shirts, Citizens of Humanity-like jeans, and so on — to sell to members at wholesale prices (everything is under $100). Everlane’s business model is a lot like Trader Joe’s, which finds the best organic peanut butter and sells it under its own house brand name at a fraction of the price it would be at a normal grocery store.

Who is using it: It’s still in very limited beta, so the user list is super limited — but Everlane already made lots of waves in 2011 with its initial line of luxury t-shirts. Everlane is still essentially in stealth mode, but I’m hearing the site has already garnered more than 150,000 membership request signups. It’s gotten a lot of traction among the hip, urban, young adult set who are spreading word about the service through Twitter, Tumblr and the like.

Birchbox

What it is: Once a month, Birchbox sends out a box filled with four to five sample sizes of high-end personal care products. The service costs $10 per month, and shipping is free. Birchbox also sells full-size versions of beauty products on its website.

How it works: It’s pretty simple — you sign up, pay your money, and the Birchbox comes to your door. If you want, you can fill out a profile online to let Birchbox know your product preferences, but it’s not required.

Who is using it: Birchbox is really hot right now, especially among young women. There’s a big market for high-end beauty products at the moment (perhaps it has to do with the famed “Lipstick Index” that says makeup sales boom when the larger economy is weak.) And there’s a growing population of women that doesn’t mind spending $20 on a tube of lipgloss, if they can try it before they buy it. Sarah Campbell, who works as an editorial assistant for GigaOM, says she subscribes to the service because it’s frictionless and fun:

“With Birchbox, I can sample makeup and skincare I might not have picked out myself. I don’t have time to go to department store counters for beauty consultations, and it always feels awkward doing the drive-by sample request. Plus, who doesn’t love pretty things delivered to your mailbox?”