Steve has to try out the VoIP thing because of network flexibility it offers.
Steve has some problems with Vonage service quality compared to landline. Or not?
Vonage hits 1 million lines.
Skype, the much different P2P VoIP player, is acquired for $2.6 billion.
Vonage leads the VoIP pack in terms of number of subs.
Vonage files for IPO.
Jeff Nolan tips me that Vonage is offering customers a piece of the IPO action, but Steve has already cancelled service (was it for qualified investors only though, even though "everyone" got email?)
Zoli Erdos calls the Vonage IPO like he sees it and provides some other good background links.
Vonage pricing/market capitalization seems similar to the Skype exit value.
Vonage IPO off to the year's worst start (also here).
However this turns out, it will be an interesting lesson in venture capital money, stock markets, and pure play vendor versus bundled offering versus P2P play versus ...
Update (6/1/06): Crazy stuff. Om reports on angry customers (plus some stats on number of takers) that took Vonage up on getting a piece of the IPO deal.
Update (6/5/06): Kedrosky points to and sums up the pre- and post-money valuations of each round so one can estimate how much each tranche participant "made out" with (note no down rounds). As another recent link to fill out the story, here is a recent class action lawsuit filed by shareholders.
Update (6/19/06): Vonage is half the IPO price.