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mikebrown Posted:
there, Please
check out -

In The Forum:
Hard Wiring - Installation
Hardwiring in a Rental House
On Oct 24, 2017 at 22:29:48

mikebrown Posted:
Hello, I think
you should consult
it with the Expert
they can surely
help you

In The Forum:
Hard Wiring - Installation
Hardwiring in a Rental House
On Jun 24, 2017 at 09:15:34

Haniltery Posted:
For wipe call
history also some
of the offline, in
gengral , it
usually apply to

In The Forum:
How to Delete call history from online account?
On May 09, 2017 at 06:14:26

diana87 Posted:
You have to use
VPN service to
and get free
access while

In The Forum:
Recent calling problem from Egypt
On May 02, 2017 at 17:28:06

dconnor Posted:
What is the main
number on the
account? And
which one is the
virtual number?

In The Forum:
Vonage UK
How do you call 999
On Apr 27, 2017 at 18:52:02

Trafford Posted:
Seems like a
question. We
rely exclusively
on a Vonage system
for our

In The Forum:
Vonage UK
How do you call 999
On Apr 27, 2017 at 10:42:50

diazou Posted:
Hello, It's
compatible with
Android your phone
? Thanks!

In The Forum:
IP PBX for small business
On Mar 28, 2017 at 12:42:33

jeddaisg Posted:
Hi all We have
a Vonage VOIP
system for our
office. Lately,
our call quality

In The Forum:
Ethernet Cable; Wiring schematic? 568-B?
On Feb 23, 2017 at 18:33:52

beast321 Posted:
I don't know if
you heard, that
many more
Dreamcast games
are opened up

In The Forum:
Fax - Tivo - Alarms
Using phone as a dial up modem for Dreamcast Gaming
On Feb 16, 2017 at 03:16:51

Av8rix Posted:
Sorry to start a
new thread on an
old topic but when
I google “Vonage
MAC address

In The Forum:
New adapter and router -- MAC change
On Jan 11, 2017 at 01:07:21

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Vonage In The News
Vonage Expands International Presence with Investments in Asia Pacific Region

Vonage to Present at the Oppenheimer 20th Annual Technology, Internet & Communications Conference


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Vonage Got The Call: Received The Largest Later-Stage Funding

Vonage In Print News

Venture Capital Firms Putting More Big Bucks Into Late-Stage Rounds

July 27, 2005

By Brian Deagon

U.S. venture capital investments rose 18% last quarter from the year-ago quarter to $5.8 billion, putting the field on track for a solid year.

So says the quarterly MoneyTree venture survey released Monday by PricewaterhouseCoopers, the National Venture Capital Association and Thomson Venture Economics.

A marked increase in later-stage funding propped up last quarter's tally. Later-stage deals, typically funding that comes after a third funding round, hit $2.4 billion last quarter, a four-year high.

That shows venture capital firms are financing companies longer, which is both a good and bad indicator. It's good in that it shows continued faith by the VC firms. It's bad because it shows weakness in initial public offerings.

Some IPOs Pulled
Only 10 venture-backed firms did IPOs last quarter, and only 48 were completed in total. That's down from 27 and 82 in second-quarter 2004, says the NVCA.

Venture capital firms rely on a healthy IPO market to cash out their investments. It's not the only route — mergers and acquisitions are the biggest cash-out avenue — but it's often the most preferred. A successful IPO can lead to the biggest investment gains.

Through June 30, U.S. market logged 91 IPOs. That's down 15% from the first half of 2004, though still ahead of 2001 through 2003.

The stock market has put lower-than-expected valuations on some pending IPO companies, thwarting venture firms' efforts to take companies public. Several high-profile IPOs were pulled this year, such as Boise Cascade's, or came in at prices well below the initial asking price, such as Warner Music Group's.

When institutional investors show a lack of interest in buying IPO shares, the companies and their venture backers are forced to either cut their asking price or postpone the IPO. Some venture-backed firms are choosing to postpone, hoping they'll get a better price later.

"VC firms are saying they're not willing to sell at a price they believe is undervalued," said Tracy Lefteroff, managing partner of the Venture Capital & Private Equity Practice of PricewaterhouseCoopers.

So, more venture firms are choosing to do later-stage financing.

For many startups, investment follows a similar pattern. First comes seed money from company principals and other individual investors. Then comes early-stage VC funding of one, two or three rounds. After that, it can be a matter of time before the startup is bought or goes public.

In the first half of the year, later-stage funding amounted to 41% of all VC dollars, a 10-year high and well above the 2004 average of 34%, says MoneyTree. Six of the 10 largest venture deals in the second quarter were later stage.

Vonage Got The Call
Vonage received the largest later-stage deal, getting $200 million and lifting its total VC investment to $408 million. The company provides Internet-based telephone service, known as voice over Internet protocol. It has 800,000 Voip subscribers, up from 500,000 in March.

Analysts believe Vonage could have gone public rather than gone back to the VCs. The company doesn't comment on such matters.

"Later-stage financing is a reaction to an inconsistent IPO market," said Shanda Bahles, a partner at El Dorado Ventures. "Vonage could have gone public."

Still-private companies with solid VC funding and a track record in business might be drawing more interest from private equity firms. Traditionally, private equity firms use their billions to buy and rebuild struggling older firms. They tend to avoid the startups that VCs fund.

But private-equity giant Kohlberg Kravis Roberts was the lead investor in a recent later-stage round of funding secured by Jazz Pharmaceuticals, which is developing neurological and psychiatric products. It received $100 million in the second quarter and access to another $150 million if needed.

In the second quarter, investors spent $6.8 billion buying venture-backed companies. That's up 14% from a year ago, says VentureOne.

"These firms have attracted the attention of traditional buyout funds," said Lefteroff.

It's hard to say whether private equity firms will start competing more with venture firms.

"But with later-stage deals, we are seeing some blurring of lines," said Bahles.

Private equity firms might be doing what venture firms won't.

"Some of these companies are not growing at the rate venture firms want," said Matt McIlwain, managing director at Madrona Venture Group. "Private equity firms may be more willing to take a company that's been around five years, hold onto it longer and sell it later."

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†AK and HI residents pay $29.95 shipping. ††Limited time offer. Valid for residents of the United States (&DC), 18 years or older, who open new accounts. Offer good while supplies last and only on new account activations. One kit per account/household. Offer cannot be combined with any other discounts, promotions or plans and is not applicable to past purchases. Good while supplies last. Allow up to 2 weeks for shipping. Other restrictions may apply.

1Unlimited calling and other services for all residential plans are based on normal residential, personal, non-commercial use. A combination of factors is used to determine abnormal use, including but not limited to: the number of unique numbers called, calls forwarded, minutes used and other factors. Subject to our Reasonable Use Policy and Terms of Service.

2Shipping and activation fees waived with 1-year agreement. An Early Termination Fee (with periodic pro-rated reductions) applies if service is terminated before the end of the first 12 months. Additional restrictions may apply. See Terms of Service for details.

HIGH SPEED INTERNET REQUIRED. †VALID FOR NEW LINES ONLY. RATES EXCLUDE INTERNET SERVICE, SURCHARGES, FEES AND TAXES. DEVICE MAY BE REFURBISHED. If you subscribe to plans with monthly minutes allotments, all call minutes placed from both from your home and registered ExtensionsTM phones will count toward your monthly minutes allotment. ExtensionsTM calls made from mobiles use airtime and may incur surcharges, depending on your mobile plan. Alarms, TTY and other systems may not be compatible. Vonage 911 service operates differently than traditional 911. See for details.

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