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Handango cashes in not only on developers March 11, 2008 [General] | By Edward J. R. Probably Handango (the online store with mobile software) didn’t get enough from Vulture Capitalists - "only" $9.5 million - so that’s why they take more from the developers ! Handango writes presumptuously: Handango, the world's leading provider of smartphone content, today announced that it has raised an additional $9.5 million in its Series C round of financing, which will be used to support the company's new and innovative distribution deals, improve the scalability of its infrastructure, and expand globally. Additionally, Handango plans to enhance the consumer experience to make smartphone content easier to browse, find and purchase online and directly from a mobile device. Participating in the Series C round are Institutional Venture Partners (IVP), Advanced Technology Ventures (ATV), Centerpoint, Neo Carta, Pharos Capital Group and SSM Partners. "Securing this round of funding further proves our leadership position in the distribution of smartphone content," said Bill Stone, CEO, Handango. "As the demand for smartphones expands from early adopters to mainstream consumers, we are confident that Handango's new distribution platforms and expanded content offerings will only further our dominance in this industry." Conclusion: Handango rips off developers even more with latest changes in commisions - even though they get money from investors - so both Microsoft and users of Windows Mobile phones should never purchase any software at Handango... compared to 30% that Apple gets for each sale of iPhone software, Handango takes 60% and more...  Post your comment (free registration is required to post, but if you register you can edit your posts later) [ 11 Comments ]
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