Together, Ken and Jon hope these developments will eventually allow them to provide wireless Internet, voice, and television in apartments and condos for less than $30 per month without any additional equipment needed in your home … now that is a serious value proposition.
Community-based Internet is an idea that has been growing steadily over the last few years. As municipal wireless networks such as Earthlink's Philadelphia venture become unprofitable and lose funding, however, one can see the distinct advantages of apartment/condo-based Wi-Fi and the potential and value of shared broadband.
If Anaptyx has its way, you will no longer have to wait around for a cable guy or be without internet when you move into a new place; their Wi-Fi networks are included in the rent just like heat and hot water. No contracts to sign, no equipment to buy.
The amazing part is that it allows tenants to collectively save thousands per year. Not only that, but did I mention that their technology is also green? Every 100 units saves over a quarter mile of non-biodegradable cabling, 500 pounds of plastics, $2,600 in annual electrical costs, and 8 tons of CO2 emissions. Their business model not only offers a great value proposition for tenants of hassle-free wireless and a new marketing play for landlords, but it clearly brings value to the entire community and planet to save energy and waste.
I look forward to following this fresh, innovative company and have faith that they have the potential to be wildly successful.
It is no wonder that they are already poised to accept partial buyout offers for funding with a five-year valuation of over $10 million.
2008 Woodie Awards
