Birmingham entrepreneur Dave Gray starts NEW Stoneybrook Ventures
Summary
After a realistic assessment of the Software-as-a-Service (SaaS) acquisition market, Dave Gray and EBSCO industries decided to end their Biso Collective venture. ” Collective’s original thesis was to pursue a buy-and-hold strategy focusing on creating and moving high quality jobs to Birmingham. As a result, I came to the conclusion that it was best to dissolve the initiative and form a different approach.” While Biso’s and EBSCO’s venture has come to an end, they both remain focused on investing in the future of Birmingham. The building formerly housing Biso Collective lives on, serving as a hub for EBSCO’s current and future investments. As I spent the last couple of years pursuing acquisitions through Biso, I came to realize that I missed leading a software SaaS company hands on.