Mauricio posted about Foldera’s metamorphosis from a developer of web-based collaboration tools into one that creates "high speed, high density carrier grade Ethernet switches" (whatever those are!)
Hmmmm – well I see the crossover there – one is physical, one virtual. One hardware, one software – come to think of it the only commonality between the two businesses is that they’re both in a space that has been done to death – so you could say that Foldera is retaining its true direction which is to be a "me too" player.
The incredible thing about all of this is that every day I come across absolutely fantastic business ideas that go nowhere because their powerpoint presentation isn’t up to spec, or they don’t know a second cousin of the father-in-law of Sergey Brin’s pedicurist. It’s criminal that companies like this get the time of day, let-alone funding.
The fact is that Foldera should be deadpool – it has achieved, is achieving and will achieve bugger all other than to stroke the ego of it’s new Charirman, President and CEO (busy guy isn’t he?) Jim Fiedler who Foldera says is;
an experienced and respected leader in the telecom industry, with vast experience in running early and mid-stage telecom networking and services companies [whose] experience and contacts within the industry will provide exceptional leadership into the future
What utter rot – I’ll go out on a limb here by saying that this emperor is looking decidedly naked.