FON struggled initially in 2009. But we managed a steady turnaround and ended the year with phenomenal results. In September, we reached breakeven and launched a new WiFi device, the Fonera 2.0n. From Q1 to Q4, we increased our monthly gross revenues by 250%, decreased costs by more than 60% and tripled WiFi access. FON [...]
This week, FON will unveil the newest Fonera WiFi device at the Mobile World Congress in Barcelona. Visit us at booth 2EZ19. The new Fonera SIMPL features the speed of 802.11n, a powerful, detachable antenna increasing reach, sleek design and tiny enclosure. It will be available to the public in May for 39€ and will [...]
It took Fon almost four years to sell half a million WiFi routers known as Foneras. But in the last 2 months we have received orders for another half a million. This is because mobile operators have changed their view vis-à-vis WiFi. They see WiFi not as a threat anymore, but as a great add-on [...]
The attention FON started receiving last year from mobile Telcos, is yet another proof of the important role of WiFi. Not only in the sphere of laptops and other home electronics, but also for gadgets on the go, such as mobile phones. This year we will get a bigger and bigger share of our users [...]
While we still can’t disclose from whom FON got an order for 400K Foneras, I can say that it is a mobile operator. Mobile operators are realizing that FON is their amigo. That, for them, it’s great when customers who paid their monthly 3G fees offload their traffic onto a WiFi network. More to follow.
2009 was a great year for Fon. We started with heavy losses, we cut costs, grew revenues and margins and ended the year as a profitable company. Our last month´s revenues were around $1M, up from $150K in January. Our losses in January were around $500K, last month we had a gain of $30K. As [...]
Image via CrunchBase 18 months ago, at Fon, we launched Twitxr which means twitter plus picture (pronounced twitchr as in basque tx is pronounced ch). We then got coverage from Techcrunch, the Guardian and others. We developed Twitxr at the time the iPhone was getting started and Twitter was just gaining strength. We did from [...]
Image via CrunchBase At Fon we have an amazing board: Anil Hansjee of Google, Danny Rimer and Mike Volpi of Index Ventures, Janus Friis and Niklas Zennstrom of Atomico (formerly of Skype) and Chris Smith of Coral Ventures. We also have investors from Sequoia Capital, Ebay, BT, Digital Garage, Excite Japan, Marc Andreessen, Joanna Rees, and [...]
The Fonera 2.0g is on sale in Japan at 6,980JPY. It is available on Amazon and at retail store Yodobashi Camera. We will soon expand our retail sales to BIC Camera and Tsukumo. Nina and I are now in Japan. After a hectic day of meetings yesterday we had a great time today walking around [...]
I have spent the last two days showing the Fonera 2.0n to key opinion makers in the Valley and with a few exceptions I found a clear generational divide. To people over 40, my contemporaries, the key feature of the new Fonera, namely its ability to upload and download is mostly uninteresting. Older people seem [...]