11/16/2023 0 Comments Dc bust banksAll of this was basically self-funded by Chip Hawkins, Wahoo’s founder – atop funds from a floating dock business (yes, like boat docks). The company started off in 2010 initially selling ANT+ to iPhone adapters, then Bluetooth sensors, followed by their first trainer, bike computers, and eventually an entire empire of indoor and outdoor training gear – including fans, desks, power meter pedals, treadmill modules, and more. Prior to the pandemic, and prior to private equity, Wahoo was a pretty normal and growing business in the sports tech realm. Like many things involving private equity, the initial investment sounded great, but over the last two years things went south. Remember back in the old days when the Facebook relationship profile status prominently displayed “It’s Complicated”? That’s basically been Wahoo Fitness the last year or two.
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