Kontiki: Business P2P a bust?
Verisign bought Kontiki, a business P2P developer and service provider, for $62 million US. Verisign was both a customer and investor.
Sounds like a success, right?
I don't this so. Kontiki was founded in 2001, has 34 employees, and raised $46.5 million from The Barksdale Group, Benchmark Capital, and Adobe Ventures. Kontiki claimed premier business customers, including News Corp (Sky TV), AOL and Verizon.
The valuation is far from a home run like Skype's $2 billion sale. If a company can boast top business customers and VCs and the best it can do in 5 years is return less than 50% on investment, it's hard to even count it as a single. Call it a sacrifice fly.
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