Despite anxiety in the VC world, telecom startups keep bringing in the big money.
Sigma contends it can reach positive cash flow without any more funding.
The onus is now on the company to execute. If we do our job and get these networks constructed, the capital markets will reopen at some point. Weirdly, at a time when venture capitalists are suffering big losses on a wide range of investments, some investors are reacting by being more aggressive than ever in funding their favorite companies. The gradual approach is too risky considering the present environment, says Sigma board member Andy Rachcleff, a general partner at Benchmark Capital, which incubated Sigma. The investment community doesn't want to see a company that is not fully funded.