Vonage Needed More Money
Om has an article on Vonage bringing in more money, while they were purportedly gearing up for an IPO.
With this round of financing the company has raised a whopping $658 million from private investors. Is this proof that the company continues to burn cash as it competes with the giants? This is the last round before IPO, a line I have heard before.
Maybe their debt/financial need has something to do with the crapload of money they just outlaid becoming e911 compliant.
I know Vonage can, unbelievably, raise $250M, but these smaller VoIPs just can't do this.
I just wish we could give these companies a little more time before we start overloading new technologies (and yes, VoIP is still new) with huge governmental fines, fees, regulations, and red-tape to the point that they end up out of business.