The mobile explosion has meant an exponential growth in data use – and punishing traffic to our cellular networks. In the eyes of VCs, that mobile misfortune spells opportunity.
Fresh off portfolio company Intucell’s $475 million exit, Bessemer Venture Partners’ Bob Goodman is on the hunt for new mobile infrastructure startups. At the wireless industry’s biggest event, Mobile World Congress, he’ll find plenty to choose from.
Phiar Corp., a 60 GHz chip company that had created some truly impressive semiconductor technology, appears to have shuttered its operations. Sources tell me the Boulder, Colo.-based company is no longer in business, though as of April 15, Phiar had not filed for bankruptcy in Colorado Bankruptcy Court.
My calls to Bob Goodman, CEO of Phiar, and its sole investor, Mark Siegel at Menlo Ventures, were not returned. And five out of seven of the people listed on the Phiar management web page, including Goodman, stopped working at the company in March, according to their respective profiles on LinkedIn. Read More about 60 GHz Chipmaker Phiar Fizzles & Shuts Down