Then Alex founded Elematics which raised another $23 million and was one of the first network virtualization companies or what we call VM, the technology has become part of the DNA of the Google, Microsoft and Amazon Cloud.Įver wonder why cities and companies don’t provide better service. That was followed by founding Comgates which made softswitches for VOIP, which raised $20 million and was bought by Telco Systems. It had the best IPO in 2004 doubling in price to $30 on its first day of trading.
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You might not think you could live without it.Īrbinet raised over $300 million from 12 VCs, over six plus funding rounds. If you’ve used Skype or Facetime or Whatsapp this week, you’ve used this technology. One with 4,000 worldwide carriers as customers, responsible for 10% of our planet’s wholesale voice traffic. The funny thing is that about half of all the people on the planet still don‘t use VOIP which shows us how long it takes even the best technologies to get to mass adoption.Īrbinet became a public company in 2004 with over a billion dollar valuation. He looked 10-20 years into the future and made it a reality.
This began in 1994 at the start of the internet when no one believed the network could carry all the voice calls.
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Over 3.5 billion people use voice calls for free today, yet almost none of them know how VOIP works or who created it.
#MASHINSKY ACT PC#
Other companies like Nortel, Ericsson and Lucent charged millions of dollars for these telecom systems, and today a PC server costing less than $10,000 can process more calls than the largest switch in 1995. He took what was a giant phone industry that charged $3 a minute for international phone calls and made them free for all.
It’s a serious understatement when you consider he was one of the first people to build a PC based voice system that eventually turned into the digital switches we use today to run VOIP ( see US Patents ). He’s the kind of guy who just jumps in to do things and tries to make the world a better place.Īrbinet was his first major startup to really change things, or as he describes it, “a little company that made voicemail systems.” He says he has “high expectations but appreciates the little gifts that we get every day.” If you’re breathing, every day is a miracle. He has been in the military, has the scars to prove it, and highly values the present and the freedom to take action. With $100 in his pocket, he landed in NYC and made his way to 42nd Street on a bus. Soon enough, frustrated by the Europeans lack of imagination, Alex figured why not take the flight to NYC and see what America was all about. He chose Paris as his first stop, but the travel agent told him it was cheaper to fly all the way to America with a stopover in Paris, and to just get off at the stop. According to Alex, this experience “was a great way of growing up and trying to understand the world.”Īfter several smaller-scale businesses in Israel and three years in the military, he was set on the idea of moving to Europe to start something big. During his 16 years in Israel, he encountered major culture shock from leaving a communist country to a socialist country with different languages, a different environment, and diving into a melting pot with people from over 100 different countries. Born in the Ukraine back when it was still the USSR, he migrated to Israel in '72 with his parents. If you’ve ever been bewildered or frustrated with how irrational pricing is for tickets, here’s a silver lining that just might make you think differently about it. He helped disrupt Voice Mail, VOIP, virtualization, ground transportation, NYC subways and now banks. Then you’d better watch out, because there’s a good chance he’s coming to disrupt your industry in a massive and long-lasting way.
That’s unless he sees consumers really being taken advantage by big corporations. Still, he’s not really one to get hung up on money.
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