In the spring of 2001, with the telecom market melting down, wireless-broadband startup Flarion was out raising cash. And having a pretty tough time of it.
“We were on thin ice,” recalls former Flarion CEO Ray Dolan. “We were down to two payrolls or three.” To make matters worse, one of the company’s major strategic investors was balking at ponying up more money for the untested venture.
But two of Flarion’s...
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