are we back in 1999?
Filed in archive Venture Capital on August 25, 2004
Apparently not, but after 2 rather surprising rounds today comes another funding news: Vonage announces a $105 million round today:
"The company, which enables users worldwide to make phone calls using a touch tone phone over an Internet connection, has 240,000 lines in service. Round leader New Enterprise Associates provided $40 million. For another participant, Meritech Capital Partners, the investment was one of the largest in the fund's history. Vonage is trying to define itself in a way that would avoid state regulation reserved for other telephone companies"
Wow!
Permalink: are we back in 1999?
Tags: voip vonage back 1999 entrepreneurship back+1999 venture+capital please+enter
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Response from:
Mario
(08/25/04 9:51pm)
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the business models that have worked for decades for Verizon and other phone
giants are showing signs of unraveling. The cable industry's push into the
phone business and a torrent of innovations such as Internet calling and
advanced wireless technology are threatening the foundations of the nation's
$300 billion telecom industry."
There is not enough room for hundreds of market leaders, so feel free to put
Vonage, Skype & Co. on your VC watchlist ;)