Mark Evans has a nice recap on how Vonage raised another 250 million this week.
Give the company credit. They sure must have one heck of a road show presentation. And 1.2 million customers is nothing too shabby. Obviously they do something right.
While I may question their operating style sometimes, and am skeptical about the amount they can really raise, I am actually rooting for them to have a successful exit, even if I think they missed the exit ramp sometime early this year.
Why? Because a healthy Vonage IPO is good for the entire VoIP industry.