All posts filed under: Uncategorized

Early-stage Funding Rebounds

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In a turnaround from last year’s depressed market, which we chronicled here and here, Crunchbase reports things are looking up: “…nearly 2,200 U.S. and Canadian companies secured angel or seed rounds in Q3 of 2018. That’s down a couple percent from the prior quarter and up about 15 percent from year-ago levels. “Total investment in seed-stage companies, meanwhile, is projected at around $1.4 billion, also down a bit from the prior quarter and up from […]

Sale of Business: Testimonial

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“Windigo Bay…negotiated the sale of my majority interest in a business. Keith [Bates] took over the discussions and negotiations at every stage. He worked hard to understand my priorities and to make sure I understood my options and the trade-offs involved in different kinds of deals. Everything was in plain English. I liked his insistence on having me imagine different outcomes five years down the road. Keith negotiated with the buyer, managed the lawyers, stayed […]

Cal Critiques Convenience

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“…email and smartphones makes communication with colleagues ubiquitous and trivial. In response, however, non-industrial productivity stagnated. Making business communication more convenient seems to have made people worse at creating valuable things.” – Cal Newport, in his blog post Tim Wu on the Tyranny of Convenience. We heartily agree. At Windigo Bay, we like serious and productive conversations; we use email as little as possible, and avoid chat-messaging entirely. Calls and meetings are still the best ways to […]

Gi Fly in Action

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Our client Bignay is behind the Gi Fly electric bike platform. Deep integration between software and the bike takes Gi Fly to the next level. We call it the Tesla of bikes: it’s that great. Bignay is based in Córdoba, Argentina. The company pre-sold over one million dollars of Gi Fly bikes before starting production. The first production run shipped in 4Q17, to buyers in Europe, North & South America and elsewhere. Customer feedback has […]

Seed Investing Bubble Pops

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Having talked about the seed implosion in the summer and fall, this will be our last post on the subject. Victor Basta at Techcrunch recently published a startling graph showing the seed-stage financing crash. The red line is the number seed-stage deals—and what it shows is the growth and collapse of a bubble. Basta’s article, which is well worth reading, summarizes the hard realities: App funding is over. “Since 2014, early-stage funding for businesses with […]