Ahead of schedule machine Veterans Raise $18M From Accel, Google Ventures in favor of Stealth Company, NextBit
“What? You’re raising $18 million from Accel and Google Ventures and you can’t even discriminate me I beg your pardon? It is?” I ask Tom Moss, who brokered carrier and handset maker relationships in favor of Google machine as soon as the OS originally launched.
“You don’t look very contented,” he laughed.
He and Mike Chan, who was as well an entrepreneur-in-residence by the side of Accel Partners, are working on round about kind of stealth company called Nextbit.
They can’t really say no matter which with reference to the effect, with the exception of with the intention of it might launch this time and with the intention of they’ve got a lofty glug of funding from top firms with the intention of they choose to make use of to hire engineers. With the series, they’re getting two durable mobile-focused VCs happening machine come to nothing Rich Miner of Google Ventures and Accel’s Rich Wong on their board. Wong backed Moss’ keep on company, 3LM, which was acquired by Motorola Mobility (before Motorola was bought by Google). So the team has a track confirmation.
“A destiny of population take upon yourself heart cellular phone equipment is finished since it’s so much better than it was happening 2010,” Moss assumed. “But you may possibly take part in assumed the same point with reference to the Apple IIe and look by the side of everywhere we are now. Cellular phone still has a lengthy way to die.”
Chan basically had round about kind of concept with reference to how to loose change the heart user experience of a cellular phone OS with the intention of really resonated with Moss. (No, they can’t share I beg your pardon? It is, but it’s not a fork of the machine OS and it doesn’t compete with in the least of the many other Android-related companies with the intention of Moss invests happening otherwise advises like CyanogenMod otherwise Anfacto.)
Why are they raising so much money in favor of a company that’s pre-product and pre-revenue?
Moss and Chan assumed here are strategic reasons in favor of staying happening stealth mode. They’re troubled with the intention of other much larger competitors with distribution and marketing channels might nudge happening and mime their concept.
Plus, the keep on while they sold a company, they were stealth upright until the tip. It turns made known with the intention of 3LM, the company Moss sold to Motorola Mobility, had been working on a way to sort machine other enterprise-friendly with property security skin texture.
“We are in fact working on something really stiff,” assumed Chan, who led power management in favor of the machine OS happening its ahead of schedule days. “We wanted to sort undisputable we wouldn’t take part in the stress of raising money while we’re building it.”
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