Sector:
Infrastructure Stage:
Early Location: Boxborough, MA View company profile
Situation
Founding team of 3 — a visionary, a technologist and a cable executive – defined the technical architecture to enable a revolution in TV viewership: “on-demand” TV
Battery’s investment resulted from systematic approach to investing in cable value chain: including high speed data equipment provider (River Delta – acquired by Motorola), a ground infrastructure player (Aurora Networks – acquired by Six Degrees Group), and a telephony solution (Cedar Point – acquired by Genband)
Led the Series A financing along with second venture investor
The Battery Difference
Recruited the complete management team, a high-powered Advisory Board, and two independent Directors, all of whom remained with the company
Guided strategic decision to build additional development team in Beijing, streamlining development time and costs
In “post-bubble” market, supported team in their drive to execute extremely efficiently and cost-effectively
Result
In short order, proved the architecture could work in both cable and IPTV environments, and was deployed with all major North American and International MSOs
Within 4 years of the entrepreneurs’ initial vision, emerged as de facto leader in next generation on-demand server platforms
Acquired by Motorola for a substantial return on Battery’s initial investment