Savage: Accel-KKR provided debt financing to Wistia before it was profitable
Chris Savage · 1757 How Wistia Hit $18m Revenues, Used $17m Debt from ACCEL KKR To Buy Out $1.4m Seed Investors With Tender Offer · May 16, 2020 · at 11:05
Wistia co-founder Chris Savage discusses raising private debt to buy out early angel investors rather than pursuing venture capital or selling the company.
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“And so we worked with Excel KKR to fund the debt and they were willing to write debt against a company that was not profitable. Like we said, we're going to be profitable, but they had a growth fund side of their business.”
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