Jedai Close to $10M

Angry official demands that 'accurate and proprietary' details should be removed from LR's message board

February 27, 2003

1 Min Read
Jedai Close to $10M

An angry official at Jedai Broadband Networks Inc. has inadvertantly confirmed that the startup is close to landing new funding of roughly $10 million.

The news stems from an exchange of email and a phone call, in which the Jedai official asked Light Reading to strip the message boards of content relating to the funding, because it is "accurate and proprietary."

One particular message of concern contained speculation that Jedai's close to landing $10 million in new financing and that it would be angling to reduce its burn rate to under $500,000 per month: Re: Jedai Countdown!

"It's almost exactly right!" exclaimed the Jedai official, whose name is being withheld to protect his/her job.

— R. Scott Raynovich, US Editor, Light Reading

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