Vonage spending loads for new customers
Posted by: Stephen Baker on May 27, 2005
Internet phone company Vonage appears to be cranking up advertising big time. It ranks second in Internet ad spending in the latest list (via online news squared).The company raised $200 million in venture funding earlier this month. Back then the company was spending $9 million to $12 million a month in ads. Now it appears Vonage is spending twice that on Internet advertising alone. Why the hurry? Vonage is rushing to become the uncontested giant of Voip before the big telcos gain traction in the market.
One question I have about this list? Where are all those blue chips, from GM to McDonald’s, who have been spending so much online?