What do mig33, iSkoot and Truphone have in common? They are all startups that have raised gobs of money from venture capitalists. They all offer mobile VoIP clients. And now, all three are looking beyond plain vanilla voice services as they try and navigate the new, post-credit crunch economic reality.
These startups are realizing that in order to make real money they would need to create billions of minutes in calls to off-net services. It is a game only the biggest -– Skype (s EBAY), for instance –- can play. And even then, making profits isn’t all that easy. More than a few startups have died trying to play the low-margin minutes game. (Related post: VoIP – Dead or Alive?)
For these three , the sheer size of their VC funding — over $100 million among the trio — provides a cushion while they plot their evolution. Read More about Mobile VoIP Startups Looking Beyond Cheap Calls