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Angel Investor (Individual)
linkedin.com/pub/maurice-werdegar/0/22/189

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Investments

9

Portfolio Exits

3

About Maurice Werdegar

Maurice Werdegar is an angel investor and Investment Partner and CEO at Western Technology Investment. Among his other current or former affiliations are Blue Chalk Cafe, Nucleus Partners, iMinds Ventures, MetaMarkets, and Outlook Ventures. Werdegar holds undergraduate and graduate degrees from Stanford.

Maurice Werdegar Headquarters Location

San Francisco, California,

United States

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Latest Maurice Werdegar News

Venture debt’s new reality: ‘The last thing we want is management walking away from a company’

Apr 1, 2020

Maurice Werdegar is the longtime CEO of venture debt shop Western Technology Investment , one of the most active venture debt lenders in the U.S. It’s also one of the older firms, having loaned out money for roughly 40 years to startups that needed to achieve certain milestones, reach profitability or wanted additional runway and didn’t necessarily want to raise a new round (especially if that next round might be at a lower valuation). It’s a needed service and a boon for startups in good times. But when the market turns, debt can prove much trickier. Indeed, though Werdergar understands founders well — he was once the CEO of a venture-backed restaurant chain that did really well, until they didn’t — he also has to make certain that when the market shifts, things don’t go south for WTI, as well. That can mean long, hard conversations with founders who need to renegotiate their debt payments. Because COVID-19 is wreaking widespread economic havoc, we talked with Werdegar last week to learn what’s happening in his world and what WTI can do for clients who are now in a bind. Our chat has been edited for length. TechCrunch: There are other venture debt players out there. How do you differ from your competitors? Maurice Werdegar: One is we’re not publicly traded; we’re a private BDC [business development company], so we get our money from institutional investors, university endowments, nonprofits, sovereign wealth funds and groups like that. We’re a team that’s comprised primarily of former entrepreneurs; all of us have started and run our own businesses and work closely in the entrepreneurial environments. And we don’t use financial covenants, nor do we use subjective defaults.

Maurice Werdegar Investments

9 Investments

Maurice Werdegar has made 9 investments. Their latest investment was in Chobolabs as part of their Seed VC on September 9, 2014.

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Maurice Werdegar Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/16/2014

Seed VC

Chobolabs

$1.3M

Yes

1

12/12/2012

Seed VC

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$99M

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10

12/3/2012

Seed VC

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$99M

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10

9/16/2012

Seed VC

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$99M

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0

6/6/2012

Series A

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$99M

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10

Date

9/16/2014

12/12/2012

12/3/2012

9/16/2012

6/6/2012

Round

Seed VC

Seed VC

Seed VC

Seed VC

Series A

Company

Chobolabs

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Amount

$1.3M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

0

10

Maurice Werdegar Portfolio Exits

3 Portfolio Exits

Maurice Werdegar has 3 portfolio exits. Their latest portfolio exit was PATH on May 29, 2015.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/29/2015

Acquired

$99M

3

9/10/2013

Acquired

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$99M

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10

11/15/2010

Acquired

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$99M

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0

Date

5/29/2015

9/10/2013

11/15/2010

Exit

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

3

10

0

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