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.
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)
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)
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
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.
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]
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.
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.
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
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.
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
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)
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.
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.
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.
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.
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.
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.
Founded in 1980, WTI has provided over $3 billion of debt and equity capital to technology and life science companies ranging from early-stage private companies to publicly-traded companies. Our investments range from $250k to $30M and are structured as fully usable, unrestricted growth capital.
As a private firm with a track record of success through many economic cycles, WTI has an exceptionally stable capital base which allows us to be highly responsive, risk tolerant and creative in addressing each company’s unique capital requirements.
As a result, we have been fortunate to work with exceptionally talented teams at the world's leading technology and life science companies, including 3PAR, Brocade, Cerent, Facebook, Google, IDEC Pharmaceuticals, IronPort Systems, Juniper Networks, Neutral Tandem, Postini, Transmeta, Volcano and Youku.com.