Side effects of venture capital
Ready or not, the beleaguered and bloodied telecommunications industry must now analyze and assimilate a new species of predator in Jajah, a Luxembourg-based VoIP service provider that threatens everyone including Skype, a member of its own species.
Jajah made its official entry into the telecommunications jungle with the news that Sequoia Capital, a prominent venture capital firm with deep roots in the telecommunications industry, invested $2 million in the company.
Because using Jajah’s VoIP system does not require the user to download any software, à la eBay’s Skype, or to acquire any hardware, à la Vonage, the $2 million could go a long, long way.
To use Jajah’s system, users need only have a telephone number, either fixline or mobile. They type in their phone number and the phone number they want to call on Jajah’s web site. They then press a big green call button and Jajah will then call the two numbers and route the connection over the Internet.
I am dreaming of Jajah kiosks all over Africa - people walk up, input the info and presto - the economic development begins: small villages, churches, health centers. Maybe even a roving mobile unit.
ITU should be watching. Grameen should be watching.
Telecoms should be watching their power base slide, slide away.
Jajah made its official entry into the telecommunications jungle with the news that Sequoia Capital, a prominent venture capital firm with deep roots in the telecommunications industry, invested $2 million in the company.
Because using Jajah’s VoIP system does not require the user to download any software, à la eBay’s Skype, or to acquire any hardware, à la Vonage, the $2 million could go a long, long way.
To use Jajah’s system, users need only have a telephone number, either fixline or mobile. They type in their phone number and the phone number they want to call on Jajah’s web site. They then press a big green call button and Jajah will then call the two numbers and route the connection over the Internet.
I am dreaming of Jajah kiosks all over Africa - people walk up, input the info and presto - the economic development begins: small villages, churches, health centers. Maybe even a roving mobile unit.
ITU should be watching. Grameen should be watching.
Telecoms should be watching their power base slide, slide away.
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