Vince ghossoub
Shanghai (CHN)
Role(s):
Woojoy
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Startup
Location:
Shanghai
Industry:
Technology/Web
Year Founded:
2008
Number Employees:
INVALID
Description:
A Chinese Mobile Internet Devices (MID) startup with key execs / founders coming from the mobile handset and consumer electronic industries is lookinf for its first round of external financing.
MIDs are a promising field in China (2.5m - 5m shipments expected in 2011) and the team has positioned the company at advantage to competition through innovative marketing directly through the wireless experience centers (airports, coffeee shops, hotels, etc) and strategic partnerships.
Prototype is ready - $3m capital needed for end-product development and Sales & Marketing. Gain inflexion in April 2009, breakeven in 14 months.