FirstAdopter.com

Vonage Says No More Financing till Profitability

Vonage has gone on record that it has enough funding to build their business to profitability. The media saturation of Vonage on cable channels and the internet is pretty impressive as is the growth rate. Almost one third of my friends are already subscribers.

I guess saying that profitability is a stone's throw away is a smart move to up their IPO valuation. I expect to see this supernova hot company to go public in the next few months. I recommend them highly if you want to stop being taken by your local phone company and tax authorities. Go Vonage!

Askin was kinder to Vonage Holdings Corp., the company his boss founded. “Now Vonage’s marketing campaign is state of the art. I’d gladly stop being a lawyer to run the marketing campaign for Vonage,” he says. “I’m hearing that Vonage is now thinking of postponing its IPO and getting a hundred million dollars more to use in its marketing campaign.” "That's not true," says Vonage's VP of corporate communications, Brooke Schulz, who Light Reading contacted on Tuesday. Vonage's most recent financing round "is intended to take us through to profitability," she says.