Comments on: Visto raises $51 million, as expected — now what?

By: VentureBeat » Motorola buys Good Technology — to compete with Blackberry

Sat, 11 Nov 2006 18:29:21 +0000

[...] The market for wireless email has been brutal, with players like Visto, of Redwood City and NTP, the Virginia-based patent-holding company, filing suit against others and extracting large licensing fees. NTP forced RIM to pay a $612.5 million settlement. While Good has licensed technology from NTP, it is still the subject of a lawsuit from Visto, which itself has raised fresh cash even while losing money. [...]

By: VentureBeat » Updates: Employees paying price of VC; MojoPac’s problems

Wed, 04 Oct 2006 07:12:55 +0000

[...] Take the $51 million just raised by wireless email service company, Visto, a story we reported last week. Well, turns out Visto is “washing out” common shareholders. By giving venture backers more ownership of the company, large venture rounds like this usually come at the expense of employees. In the Visto case, we’re hearing many employee shares have become essentially worthless. The company has also started layoffs. [...]

By: peter

peter — Wed, 27 Sep 2006 20:31:37 +0000

Visto just seems to be a huge black hole for venture money with no returns after 10 years to investors. As some point the funders will need to look up the term “sunk cost” and close their wallets. With $350m raised Visto should have been able to buy itself a lot of major deals.

By: VentureBeat Wire » Visto raises $51 million, as expected — but now what?

Wed, 27 Sep 2006 13:59:05 +0000

[...] See our story here. VentureBeat Community [...]

By: Boundaryfree » Visto raise $51M of new funding

Boundaryfree » Visto raise $51M of new funding — Wed, 27 Sep 2006 05:08:31 +0000

[...] According to VentureBeat, Visto just raised another $51M from mostly existing investors. What is going on with this space? Can the revenue really justify this kind of investment? With the new $51M, Vista would have received over $280M in venture funding. Its competitors such as Good Technologies and Seven are big capital sink as well. Good raised about $250M, and Seven got close to $100M. [...]