Vonage Insights from Brad
Brad over on Twilight in the Valley of the Nerds (coolest blog name ever) popped up on my radar screen a while back, and I've been reading his RSS feed ever since. He's articulated some great insights, and he doesn't mince words. This post from Tuesday is a perfect example as he cuts through all the fluff around the Vonage IPO and gets straight to the heart of the matter. If you're a Vonage watcher, customer or investor, you really should click the link and read the whole thing. Here's an excerpt from the body of Vonage: A Short-Lived Victory of Sizzle Over Steak :
Everybody in the industry knew Vonage’s IPO was destined to fizzle. How was Citron, of all people, caught so unaware? He must have known exactly how the shares would be received, and it’s disingenuous of him to argue otherwise.I don’t think Citron and Vonage’s financial backers ever thought the company would get to the IPO stage. I think they were hoping the company, which doesn’t own any of the networks through which its IP telephony calls are routed, would be bought before it reached its fateful IPO date.
Well, it didn’t.
Brads last line says it all - Citron thought this gig would be over by now.
Technorati Tags: Vonage IPO, Jeffrey Citron
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