Saturday, June 03, 2006


Yipes was one of the early metro ethernet providers. They made a few errors and went bankrupt in 2002. "Yipes has raised a total of $106 million in equity funding since it emerged from bankruptcy in July 2002." In its 7 year history, Yipes has acquired a whopping 700 customers. That's $150k per customer!
After a $63.5 million round in 2003, Yipes claimed to be “fully funded” to reach positive cash flow in early 2004. Then, after a $24 million round in April 2005, the company said it had more than enough funds to reach positive cash flow in 2006, a goal Caindec still expects Yipes to achieve. In February, the company announced having reached positive earnings before interest, taxes, depreciation and amortization in 2005 with more than 700 customers.

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