Linked by Thom Holwerda on Wed 18th Sep 2013 23:07 UTC
PDAs, Cellphones, Wireless

Cyanogen, makers of popular software based on Android that extends the abilities of smartphones, is making a bid for the mainstream. The four-year-old company, which began as a one-person side project, said today that it has raised $7 million from Benchmark Capital and Redpoint Ventures. The goal is to vault past Blackberry and Windows Phone to become the third-most popular mobile operating system, after traditional Android and iOS. And the company is already closer than you might think.

The announcement blog post has more details and background. This is either the best idea they've ever had, or the beginning of the end. I honestly have no idea which of the two it will be. I like the fact that they might be more popular than Windows Phone though - puts everything into perspective, doesn't it?

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RE[3]: Comment by Nelson
by ndrw on Thu 19th Sep 2013 20:32 UTC in reply to "RE[2]: Comment by Nelson"
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Hardly an achievement.

They could have sold the company back in 2010 and get more money than now (read: everything they have done since 2010 had negative value).

Or they could have kept shipping Symbian phones and release about anything on Android (read: do close to nothing) and actually earn some money.

Or they could have tried to push their own system (which they already had!) - more difficult but potentially far more profitable.

Instead, they have chosen to destroy their own business and sell it for a small fraction of its former value.


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