Does Procket Have A Chance
from the the-next-big-one dept
With the recent failures of some well hyped, extraordinarily well funded companies, you should never assume that raising a ton of money means the company will be a hit. The latest super hyped, lots of cash company to raise some questions is the networking startup Procket. It has some big names working for it, and has raised a ton of money ($272 million) at an insane valuation ($1.55 billion). It’s still not clear what the company is building, but it’s something in the networking space. The real question seems to be whether the networking/telecom world will bounce back, or if things are only getting worse. If there’s no one around to buy Procket’s mystery product, they certainly won’t go far.