CoolCall.com Receives Over $2.6 Million In First Round Funding Led by Samsung America, Garage.com and Band of Angel Investors.FAIRFIELD, Iowa--(BUSINESS WIRE)--Nov. 11, 1999-- CoolCall.com Corporation announced it has closed its Series A round of funding, receiving more than $2.6 million in first round funding from Samsung America, members of Garage.com and the Band of Angels. This funding will be used to finance the deployment of its unique cooperative International IP Telephony The two-way transmission of voice over a packet-switched IP network, which is part of the TCP/IP protocol suite. The terms "IP telephony" and "voice over IP" (VoIP) are synonymous. network expansion plans. 250 International points-of-presence (POPs) are planned over the next three years, providing the basis for innovative services such as Internet Telephony Another term for IP telephony and VoIP. In the late 1990s, some people made a distinction between Internet Telephony and VoIP: Internet telephony referred to voice over the public Internet, while VoIP referred to voice over private IP networks. , Unified Messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. and Internet Access See how to access the Internet. . Smart Money Guy Kawasaki Guy Kawasaki (born 1954), one of the original Apple employees responsible for marketing of the Macintosh in 1984, is a Silicon Valley venture capitalist. He is noted for bringing the concept of evangelism to the high-tech business, focusing on creating passionate user-advocates for , one of the founders of Garage.com said, "Out of the 15,000 business plans that we've received, CoolCall.com was one of a few selected to present to our members in 'Heaven.'" Garage.com not only helped CoolCall with its funding and presentation to angel investors, corporations and VCs, but was also an investor. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Kawasaki, "CoolCall.com is an excellent example of how to raise strategic capital." CoolCall has managed to put together a strong group of investors who are well placed in major technology companies such as Microsoft, Sun, GlobalStar, Lucent, Inktomi and eIndia.com. Unique Grass Root Approach Unlike the growing number of IP Telephony clearinghouses, CoolCall.com is establishing an end-to-end global network that eliminates the need for a "middleman mid·dle·man n. 1. A trader who buys from producers and sells to retailers or consumers. 2. An intermediary; a go-between. " or another carrier to terminate its traffic. The result is lower cost termination and higher profits for its partner members. CoolCall has been offering free IP Telephony gateways to marketing partners in an effort to build out its global IP Telephony network. According to Burt Chojnowski, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "The global telecom market is up for grabs." The combination of the breakdown of telecom monopolies and the application of new technologies is creating a 'gold-rush' worldwide. Chojnowski adds, "We've created a no-brainer turnkey solution that works with a customer base as small as a thousand customers." CoolCall.com's innovative strategy has turned the traditional telecom business model upside-down, attracting the attention of analysts in Silicon Valley. Elton Sherwin, the author of the book, The Silicon Valley Way, even went so far as to say, "CoolCall will become the Amazon.com of telecom." Silicorn Valley CoolCall.com is a growing number of high tech, Internet and marketing companies to emerge in tiny Fairfield, Iowa, also known as "Silicorn Valley." In October Reader's Digest acquired Books are Fun, another Fairfield based company, for $380 million. Garage.com Garage.com offers entrepreneurs and investors an innovative, web-based approach to high tech venture financing and investing. Founding sponsors of Garage.com include Venture Law Group, Advanced Technology Ventures, PriceWaterhouseCoopers, Microsoft, ABD ABD n. A candidate for a doctorate who has completed all the requirements for the degree, such as courses and examinations, with the exception of the dissertation. [a(ll) b(ut) d(issertation).] Services, Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. Technology Group, Heidrick & Struggles, and Silicon Valley Bank. Band of Angels The Band of Angels is a formal group of 145 former and current high tech executives and entrepreneurs who provide counsel and capital to startup companies. Companies that receive investment also receive the benefit of contacts and mentorship from the same people who helped build Silicon Valley. Band Members have founded companies such as Cirrius Logic, Symantec, National SemiConductor, and General Magic, and have been executive officers at Sun Microsystems, Hewlett Packard, Intel, 3Com and Yahoo. To date, the Band of Angels has placed $48 million into more than 100 startup companies. For more information, please contact Kha Phan, Director of Communications Director of Communications is a position in the private and public sectors. The Director of Communications is responsible for managing and directing an organization's internal and external communications. , CoolCall.com, 515.472.0333, e-mail: kha@coolcall.com. SOURCE: DigitalWork ( http://www.digitalwork.com ) WHERE SMALL BUSINESS GOES TO WORK |
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