Who said anything “failed” yet? This is extremely common in these kinds of startups that will go through several rounds of financing. I’ve been through the VC process and undoubtedly the risk is spread among several firms. They must be drinking the kool-aide and feel they have a good shot at convincing the FCC to allow their concept in 38 or 3.5 GHz. Worth the risk if you consider the return as Google or some other well healed venture will buy it out (if it actually works!) - at least thats what they’re hoping. Either way the principals of the company are set and stand to make a lot more if it proves in. VC is a gambler’s paradise but all it takes is one big hit to make it worthwhile. The guy behind this was CEO of Aereo and look how that panned out.
It’ll be interesting to see how this shakes out.. > On Jul 7, 2018, at 6:09 PM, Rory Conaway <[email protected]> wrote: > > This is insane. I can’t believe any investment group followed up and gave > them more money after the first two rounds were a failure. > > Rory > > From: AF [mailto:[email protected]] On Behalf Of Tim Hardy > Sent: Saturday, July 7, 2018 1:23 PM > To: AnimalFarm Microwave Users Group > Subject: Re: [AFMUG] Starry raises $100M for 802.11-based fixed wireless > rollout | FierceWireless > > Their current business model is based on experimental licenses since the > spectrum they’ve been using is subject to several NPRMs at the FCC. They > have been using 38200 - 38600 MHz since Feb 2016 and renewed this license > twice since then. The most recent renewal extended the band to 37000 - 38600 > MHz. They also recently filed an experimental application for a 3550 - 3700 > MHz Bai Cells system in Boston. I’m not sure of the legality of using an > experimental license to provide a commercial service? > > A search of ECFS shows that most of their money has been spent lobbying the > FCC. They have filed 39 separate pleadings along with several in-person > ex-parte meetings since May of 2016. Not hard to imagine where the money > went. It’s interesting that their most recent application lists Ira Keltz, > Principal Engineer at DLA Law Firm as the technical contact. Until about 1/2 > year ago, Ira was Deputy Chief of the FCC’s OET Bureau. Not making any > judgements - just all public information from the FCC’s web site. > > > On Jul 7, 2018, at 1:26 PM, <[email protected] <mailto:[email protected]>> > <[email protected] <mailto:[email protected]>> wrote: > > I just find it crazy that these VC houses don’t have a single cynical RF > engineer on tap to advise them on deals like this. > I used to do that job for a smaller VC banker in a previous life. > > I shot down every single presentation I remember except one: > A company wanted to buy the rights to an abandoned pipeline (water, sewer > something, cannot remember) between Philadelphia and Manhattan (as I recall) > a company wanted to blow a fiber down it. > > This was about 1998. > I told them to go full steam ahead on that project. > > The banker rejected it. > > From: Bill Prince > Sent: Saturday, July 7, 2018 11:09 AM > To: [email protected] > Subject: Re: [AFMUG] Starry raises $100M for 802.11-based fixed wireless > rollout | FierceWireless > > Anyone remember MetroFi? I do. We got a couple of nice Dragonwaves when they > went bankrupt. > > bp > <part15sbs{at}gmail{dot}com> > > On 7/7/2018 8:28 AM, Chuck McCown wrote: > A C series of financing... that means they have already blown all the seed > round, series A and series B money. > > And they are just re-packaging the same tired old idea. Google Fiber morphed > into one of these... did it ever amount to anything? > > I am totally cynical. I don’t believe in these mm bands for PMP. > Range and weather are always going to be a problem. > > Use the $100M to build fiber instead. > > From: Jaime Solorza > Sent: Saturday, July 07, 2018 9:16 AM > To: AnimalFarm Microwave Users Group > Subject: [AFMUG] Starry raises $100M for 802.11-based fixed wireless rollout > | FierceWireless > > https://www.fiercewireless.com/tech/starry-raises-100m-for-802-11-based-fixed-wireless-rollout > > <https://www.fiercewireless.com/tech/starry-raises-100m-for-802-11-based-fixed-wireless-rollout> > Jaime Solorza > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > <http://af.afmug.com/mailman/listinfo/af_af.afmug.com> > > > > > -- > AF mailing list > [email protected] <mailto:[email protected]> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > -- > AF mailing list > [email protected] <mailto:[email protected]> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > -- > AF mailing list > [email protected] <mailto:[email protected]> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > <http://af.afmug.com/mailman/listinfo/af_af.afmug.com>
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