As I had hinted at earlier this week, Vonage did go out and raise new money – $200 million or so, but its not from venture capitalists. Instead the company is doing a private sale of securities, according to SEC filings. Since its a paper filing, no details as yet, on who is buying into the company. Reuters says the company has now raised a total of $408 million. Maybe some of the money will be used to keep this guy happy? By the way, he is showing up as the number one search result for Vonage and SEC.gov on Google.
Is it just me that has a sneaking suspicion that a lot of people will end up lossing money on Vonage in the long run? All they need to do is trick Time Warner into buying them . . .