by Karl Bode 05:50PM Thursday Jul 05 2007 Tipped by laserjobs
Late last week a significant number of SunRocket employees were given the boot, including the company's CTO, CIO, CFO and CPO. Now users in our forums say they're getting e-mails from Linkshare saying they've placed the SunRocket affiliate program on hold.
"Based on the company's current business situation, we are unable to determine if and when payment will be received. Until we can determine the status and capability of SunRocket to remit payment for orders referred by you and tracked through our network, we will not continue to allow any further transactions to occur. Again, this action by LinkShare is for the protection of all partnerships and to prevent any further debt to affiliates within our network."
"We're on the same path...we've just reduced operating expenses in light of the competitive environment.
-Sunrocket's Chris Mannella
Meanwhile the company tells the Washington Post they're just "lowering expenses in order to execute our business plan." Whether that plan is to fight or to sell the company and go drink mojitos isn't clear yet.
In May CEO Lisa Hook (recall her broadband comments while at AOL?) said the company had a "pretty stable workforce" and denied rumors of looming cuts. The company now insists things are ok and they're in the process of securing a new round of funding by August.
MrMoody Free range slave Premium join:2002-09-03 Smithfield, NC
Linkshare is an Affiliate Program which has to do with marketing, not providing service. Linkshare was brought up because they are saying SunRocket's credit is worthless. They're essentially saying SunRocket can't/won't pay their advertising bills.
If they're in a cash crunch the service may fail at any time as their providers cut them off for nonpayment.
The Vienna, Va.-based firm says the new money is its third round of funding, and that its funding total is now $80 million. SunRocket says all of its existing investors -- BlueRun Ventures , Mayfield , and DCM - Doll Capital Management -- pitched in for the new round, as well as a few new ones: Varma, The Grosvenor Funds , and Brú Venture Capital.
I guess I have 6 months left before I care if they go under... still at almost (a whopping, NOT) $8.30 a month total(inc all taxes & fees - there were none!) if it averages over 2 years, or worst case scenario if it stops tomorrow -> I still get my phone for what ends out to be $11.35 per month :P Again - No additional taxes or fees. Free caller id, a second # voicemail, and more!
I don't care though because I'll go SkypIn & SkypeOut for even cheaper ($60/year skypein and $30/year skypout)! Just get Skype wifi phones or use the linksys Skype to phone adapter - now thats VoIP on the cheap - besides I use my cells more and could even get away with a 500min package at home if I had to use (ugh Von... er wha whos left thats not going under? :P) ...
Actually I think I'll hack my ATA and use it as a SIP and use a free provider to get an incomming number (ie »www.ipkall.com/). Outgoing, hmm...
2007-Jul-5 6:58 pm: ·
sivran Opera ex-pat Premium join:2003-09-15 Irving, TX kudos:1
Re: I've had SR for a year and a half...
I don't use my phone much, so it might seem silly, but I will not switch to any sort of VOIP because my internet connection simply cannot boast the reliability of my copper landline. It has never failed in my memory. I certainly can't say that for my 'net connection. (Telco: SWBell/SBC/AT&T, Cableco: @Home/AT&T/Comcast/TWC)
I used to do tech support, and I felt no sympathy for VOIP users whose internet connection was out, especially since it was Verizon tech support. If they switched to voip because their copper landline sucked, what made them think that internet provided by the same company would be any better? If they switched to save money, well...
At my house, a basic copper landline wins hands down. Even over FIOS. Copper doesn't go down if the power goes out for a few hours. CO generators > BBUs -- Think outside the fox...Seamonkey
This type of VOIP provider is a lot like the 'free' dialup that was touted not to terribly long ago. They simply CAN'T provide service below cost and stay in business.
Like you - my copper line is far more stable than any other line (even though my Covad line via SpeakEasy rarely goes down) but unless I did SE VOIP - it is way to much of a gamble to do VOIP and with a family and kids - no way I am going to go to a questionable phone provider. -- Brian
"Some people are like Slinkies... Not really good for anything...... But they still bring a smile to your face when you push them down a flight of stairs."
""We're lowering expenses in order to execute our business plan," said Chris Mannella, SunRocket's chief marketing officer,"
Ok.. so if they are JUST now executing their business plan.. what the heck have they been doing the past 3 years? Oh.. I know.. pissing off it's customers with crappy service.. Yeah.. that'll win you some points on wall street..