Glenn Fleishman on the death of TelSym. I can't say that I am hugely surprised. They were trying to fill a market position that was in constant flux and has not even begun to settle down. I watched them quite closely at the time because we spent a fair bit of time trying to figure out a business plan for a similar company. We passed because we could not figure out how to make money from a smart company. Same was true of TelSym. They had a bunch of financing to ensure that they had to worry less about hitting the wall. When it came more money slammed in to it.
In the same week that they failed a possible answer to their woes. I am a Skype-sceptic and cannot quite shake my feeling that nothing has changed since I voiced my skepticism last year. Today I heard from a friend with more knowledge than most of security-related issues that his SkypeOut account identity had been stolen and the contents of his account spent on calls to Australia. He points out that your account's security is based purely on a password. Not a great way to keep cash online.
I'll go back to why I don't think Skype is the answer; security and maintaining call state to provide applications. If TelSym had not been so arrogant maybe they could have hung around long enough to find nirvana.
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18 April 2005
TelSym Dies; SkypeOut Security
Glenn Fleishman on the death of TelSym. I can't say that I am hugely surprised. They were trying to fill a market position that was in constant flux and has not even begun to settle down. I watched them quite closely at the time because we spent a fair bit of time trying to figure out a business plan for a similar company. We passed because we could not figure out how to make money from a smart company. Same was true of TelSym. They had a bunch of financing to ensure that they had to worry less about hitting the wall. When it came more money slammed in to it.
In the same week that they failed a possible answer to their woes. I am a Skype-sceptic and cannot quite shake my feeling that nothing has changed since I voiced my skepticism last year. Today I heard from a friend with more knowledge than most of security-related issues that his SkypeOut account identity had been stolen and the contents of his account spent on calls to Australia. He points out that your account's security is based purely on a password. Not a great way to keep cash online.
I'll go back to why I don't think Skype is the answer; security and maintaining call state to provide applications. If TelSym had not been so arrogant maybe they could have hung around long enough to find nirvana.
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