Agree 100% Hey if you’re afraid of failing, you’ll never succeed.. > On Jul 7, 2018, at 7:50 PM, Bill Prince <[email protected]> wrote: > > +1. Just because a venture goes through multiple rounds does not mean it's a > failure. The mere fact that it got a second or third round could imply that > something good is going to happen. OTOH, something like 8 or 9 ventures in 10 > will be failures. You can't win them all. > > Google, Facebook, and Paypal (to name just a few) went through multiple > rounds (at least 4) before going public. > bp > <part15sbs{at}gmail{dot}com> > > On 7/7/2018 4:34 PM, Tim Hardy wrote: >> 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] >>> <mailto:[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] <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] <mailto:[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] <mailto:[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 >>> <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> >>> >>> -- >>> 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> >> >> > > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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