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Industry News
by robyn on December 18, 2005
Om has an article on Vonage bringing in more money, while they were purportedly gearing up for an IPO.
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.
::end rant::
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.
::end rant::
Permalink: Vonage Needed More Money
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/12524
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