~terry
Thu, Jan 27, 2005 (03:58)
seed
Internet based phone services and VOIP are exploding. VOIP is voice over IP.
~terry
Thu, Jan 27, 2005 (03:58)
#1
When Kevin Cocco's friends in Montreal want to chat, they dial a local Quebec phone number - but it rings 2,300 miles away in his Utah home.
http://www.usatoday.com/money/industries/technology/2005-01-26-managing-tech-usat_x.htm
~terry
Sun, Apr 23, 2006 (19:02)
#2
This is sort of indirectly related to this topic, I just couldn't think of
another place to post it.
Jingle Networks, which runs a free 411 service called 1-800-Free411, has
raised $26 million in a Series B financing. The round was led by existing
investor Liberty Associated Partners. Also participating were existing
investors First Round Capital and IDG Ventures Boston, as well as new
investor Comcast Interactive Capital.
Our earlier profile of Free411 is here. The service is a free alternative
to $1-$2 directory calls. The catch? You have to listen to a 12 second
advertisement.
It works mostly like normal directory assistance. You dial their phone
number and go through an automated system that asks for the location, type
of listing and listing name. While you are waiting for the number, you
must listen to a 12 second advertisement from a competitor to the service.
If you choose to use the competitor instead, you simply dial �1? to
redirect your call.
Another difference is that if there is no local advertiser for the
business type you have requested, the business receiving the call hears a
short message at the beginning of the call telling them that the call is
via Free-411. A tele-sales group follows up with the business to try to
get them to advertise. Free-411 claims a 13% success rate in converting
businesses to advertisers.
And they are seeing explosive growth. Free411 is now handling 7 million
calls per month - out of a total of 500 million directory assistance calls
per month in the U.S. That�s about 1.5% of the total market. Investor Josh
Kopelman from First Round Capital has another way of looking at it:
�1-800-FREE411 has the potential to shrink an $8 billion market.�
1 800 free411 is also 1-800-377-3411
Pretty clever!