Crossroads

At the intersection of technology, finance and the Pacific Rim.

Wednesday, July 02, 2008

The Deal from Helio

A tale of two points of time in an investment:

In May 2006, with the launch of Helio, a noted industry blogger wrote:

Today is the launch date for Helio, a new mobile service geared toward young adults deemed in the twenty-something demographic -- though the company is targeting those aged 18 to 34.

and later in the same blog that the investment made by SK Telecom and Earthlink looked like a "coin flip" to him.

This week it was announced that Virgin Mobile is purchasing Helio at around 10 cents on the original investment, or USD 39 Million.

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