September 24, 2006
VC'S New Frontier: mobile lifestyle companies
According to the Mercury News, mobile lifestyle companies that promise to dramatically change the way we use our phones -- are attracting Venture Capitalists in droves.
"... More than half a dozen companies are emerging from test periods this fall, primarily in two flavors: those focused on making overseas long-distance calling over the Internet more affordable, trying to compete with Skype ( Jajah, Rebtel SoonR, and Nimbuzz) and those letting users access social-networking programs on their cell phones (Jaxtr, EQO)
-- Jaxtr's service will combine social-networking applications with an easier way to call friends.
-- EQO is developing a browser for mobile phones and making it easy for visitors to social networking sites like MySpace and Friendster to send multimedia messages to their friends' cell phones."
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