Rich May News: 2005

February 28, 2005

RICH MAY Client, Netspoke Inc., Featured in Boston Business Journal. Rich May’s Emmett Lyne Quoted in Article

An article in the February 18 -24, 2005 issue of the Boston Business Journal focused on the success of Netspoke’s alternate funding sources. Instead of opting for the traditional Venture Capital route of investment, Netspoke founders Scott D’Entremont and Eric Murray borrowed against a construction crane in order to afford the necessary hardware and software used in conferencing. In addition, by turning to a network of real estate developer friends for funding, Netspoke was able to bypass venture capitalists at a time when they were slowing investments. According to Rich May’s Emmett Lyne, “There’s a risk to that strategy; there’s a personal relationship risk. Looking back on Netspoke, Eric and the circle of friends he brought in are going to be very glad they made those early investments.” The profitability of these investments can be seen in the growing revenue of the company which reported earnings of $11 million last year.
To read the complete article, click here.

About Netspoke
Netspoke delivers unified web and audio conferencing capabilities through its Conferencing Hub™. By combining this technology with traditional customer care services, Netspoke provides mid-market businesses with the communications tools to operate and grow as efficiently as global enterprises that have greater resources. Based in Woburn, Mass., the company has more that 3,000 customers that use its Netspoke Conferencing product as an affordable, yet complete conferencing for one-to-one or one-to-many collaboration. For more information, visit our website at www.netspoke.com or call (877) 611-2255.

About Rich May
Rich May’s diverse practice embraces the organization and operation of business ventures, venture capital, private placements, hedge funds, public offerings, technology licensing, mergers and acquisitions, contracts, joint ventures, internet and e-commerce law, employee relations, intellectual property, litigation and dispute resolution, energy, telecommunications, public utilities, wealth planning and real estate. Rich May provides superior legal and strategic counsel through its extraordinary commitment to clients’ success, outstanding professional competence and straightforward ability to communicate. Rich May embraces an entrepreneurial spirit and maintains a mission execution culture that distinguishes Rich May from other law firms.

Rich May combines the stability and experience of one of Boston’s oldest preeminent law firms with the innovative spirit and energy of a venture catalyst intensely focused on serving high-tech entrepreneurs, emerging companies and investors in New England and throughout the United States.

For more information, visit www.richmaylaw.com.

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