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.
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!