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From Wikipedia, the free encyclopedia

Wistia Inc.
Private
IndustrySoftware, SaaS
FoundedMarch 6, 2008; 11 years ago (2008-03-06)
FoundersChris Savage, Brendan Schwartz
Headquarters,
United States
Area served
Worldwide
ProductsWistia, Soapbox
Servicesvideo hosting, video recording
Number of employees
87
Websitehttps://www.wistia.com/

Wistia Inc. is a video-software company located in Cambridge, Massachusetts.[1] Wistia provides video-hosting solutions for business, helping businesses add videos to the web, track performance, and build and engage with their audiences using online videos.[2] A claimed 300,000 companies use Wistia's products and services.[3][4] The company employs 87 people.[5]

History

Wistia was founded in 2006 by Brendan Schwartz and Chris Savage.[3] The two founders met at Brown University, where Chris was a film student and Brendan was a computer engineering major.[6] The company was started in Brendan's living room.[7] The original concept was to create a site for artists to post video portfolios. Priority shifted to businesses once Wistia acquired its first client, a medical devices company.[6][8]

Wistia's founders considered moving the company to Silicon Valley[9] and Los Angeles[10] but ultimately decided to stay in Boston.

Funding

Wistia has been financed by a mix of angel investors and debt. In 2018, Wistia raised $17 million[11][12] worth of debt financing from Accel-KKR, a technology-focused private-equity firm.[3]

Wistia also raised $200,000 in debt in 2009.[13] Previously, the company raised $1.4 million in two rounds from angel investors, in 2008 and 2010.[3] Angel investors include a Wistia board member, Renesys CEO Ashton Peery.[14]

Wistia makes $32M per year in revenue.[11]

Awards and recognition

In 2018, G2 Crowd named Wistia one of the 25 best companies in Boston.[15] In 2017, it was named one of the top company cultures in America by Entrepreneur magazine.[16]

References

  1. ^ Ditch the Venture Model, Say Founders Who Buy Out Early Investors to Make a Clear Break. The Wall Street Journal. Accessed 2018-10-02.
  2. ^ "Company Overview of Wistia, Inc". Bloomberg. Bloomberg LP. Retrieved 2018-10-03.
  3. ^ a b c d "Wistia". Crunchbase. Retrieved 17 October 2018.
  4. ^ Engel, Jeff (2017-06-12). "As Businesses Get More Social, Wistia Moves Into Video Editing". Xconomy. web. Retrieved 2018-10-03.
  5. ^ "Wistia Yearbook". Wistia. Wistia, Inc. 2018. Retrieved October 3, 2018.
  6. ^ a b Sal Daher (9 May 2018). "Wistia's Remarkable Culture". Angel Invest Boston (Podcast). Angel Invest Boston. Retrieved 3 October 2018.
  7. ^ Savage, Chris (2017). "The Three Mistakes That Have Defined Our Company". Wistia. Wistia, Inc. Retrieved October 2, 2018.
  8. ^ Cruz, Victor. "Online Video Sharing and Collaboration Speeds Up Medical Device Development". ECN Magazine. Retrieved 17 October 2018.
  9. ^ Roush, Wade. "Don't Put That DVD In the Mail: Wistia Helps Companies Share Video Over the Internet". Xconomy. Xconomy, Inc. Retrieved 17 October 2018.
  10. ^ Devaney, Erik. "Why Wistia Said No to HBO". Thinkgrowth.org. Medium. Retrieved 17 October 2018.
  11. ^ a b Geron, Tomio (2018-07-17). "Ditch the Venture Model, Say Founders Who Buy Out Early Investors to Make a Clear Break". The Wall Street Journal. Retrieved 2018-10-03.
  12. ^ O'Brien, Kelly J. (2018-07-18). "Video startup Wistia to buy out investors with $17M in debt". Boston Business Journal. Retrieved 2018-10-03.
  13. ^ Notice of Exempt Offering of Securities, item 06 Acc-no:0001473673-10-000001 (Report). United States Securities and Exchange Commission. 2010-03-24.
  14. ^ "Ashton Peery". CB Insights. Retrieved 17 October 2018.
  15. ^ Martin, Dylan (2018-01-17). "Here Are the Best Boston Software Companies, According to G2". BostInno. Retrieved 2018-10-03.
  16. ^ Staff, Entrepreneur (2017-02-17). "Medium-Sized Companies: The Best Company Cultures in 2017". Entrepreneur. web. Retrieved 2018-10-03.
This page was last edited on 28 April 2019, at 06:51
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