Like Color, Time for Airtime to Get Off the Air ⇥ gigaom.com
Om Malik, in a post with the apt URL slug
If Color’s Bill Nguyen boasted about the $41 million he raised from Sequoia Capital, then Airtime talked about its $33 million in funding, celebrity launch event and bold claims that sounded hollow from day one.
For now, Airtime wants to be a next generation Skype! Sure, and I want to be a latin lover.
I wrote about Color last year, and it hasn’t progressed since. Airtime is using the same business strategy of a weak solution to a problem nobody has. The capital that both of these startups have raised is mind-boggling, though.