Rebtel CEO: VoIP Is Just A Glorified Fixed Line, Mobile Is Where It's At
Summary
Unsurprisingly, Bernstrom said the acquisition ‘validated the market’ but he also had some more interesting things to say, mainly about VoIP and mobile telephony in general, and how financially sound the Rebtel business currently is. Since their Series A round back in 2006, the company hasn’t raised a dime of outside capital, because, as Bernstrom says, they simply didn’t need to. For your comparison, VoIP company fring was founded earlier than Rebtel and currently has an annual revenue rate around $10 million. To scale the business faster and ride the momentum in the VoIP space following the Skype acquisition, Rebtel is now considering raising more financing and has even loosely explored the possibility of taking the company public in the future. Rebtel is banking on VoIP companies like Skype not iterating fast enough on providing services for smartphones users.