Throwing money into the WildBlue yonder
Kevin Werbach comments on the $156 million investment by Kleiner Perkins and others in WildBlue, a two-way broadband satellite company:
With DirecTV and many others abandoning grand plans for satllite broadband, one must be skepical about yet another effort. By 2004, terrestrial broadband should be widespread enough to leave only a limited market for satellite. But Kleiner Perkins and the other investors who put money into WildBlue must think they know something.
I'm equally skeptical of any investment in a market that has proved impossible to profit in at the scale a DirecTV operates. Kleiner must think there is a consolidation play here, perhaps with satellite radio operators like XM and Sirius.
Posted by Mitch Ratcliffe at December 30, 2002 02:22 PM | TrackBack