Trouble At Vivato?
When Vivato and their WiFi array first came on the scene, with that great demo they have, it got everyone talking about the possibilities of using WiFi for wide-area broadband without too much work involved. However, since then, the company has never quite been able to live up to expectations. They've gone through a big shake up followed by the CEO leaving. The original shakeup sounded like typical post-venture-funding growing pains, but having the CEO leave before a new one was found, was not a good sign. Now, DailyWireless has noticed two more signs of trouble: Unstrung is reporting that they've now also lost their CTO and VP of Marketing (and the CTO is new, as they lost the last one in the August shakeup). Meanwhile, WiFiNetNews has a link to an article saying that the company is basically out of money. That would be impressive, considering they raised $45 million 6 months ago. I've heard of ridiculous burn rates, but it's still pretty difficult to burn through that much money so quickly when you apparently have a product that so many people are interested in. There must be something more to this story. It certainly makes you wonder how well the technology actually works.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
