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While mobile is a large business, it's not easy for start-ups. Just look at Amp'd Mobile. Despite raising $360 million, the company went bust.

But that's not stopping Daniel Neal. He is a veteran of the tech world and has been thinking about creating a new-fangled mobile service since the mid-1990s. His idea is to create a cell service to meet the needs of kids.

Well, he has come a long way since then. Now, he is the CEO of fast-growing kajeet. The company recently snagged $36.8 million in venture capital. The investors include heavyweights like Draper Fisher Jurvetson Growth Fund, Bessemer Venture Partners, Fidelity Ventures, Gabriel Venture Partners and InterWest Partners.

Basically, kajeet has a pay-as-you-go cell service for kids. "People fail to realize that kids are very smart," said Neal, in a BloggingStocks.com interview. "Kids often know more about the options on a cell phone then their parents."

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Cell phones for kids: kajeet raises $36.8 million originally appeared on BloggingStocks on Wed, 12 Sep 2007 13:23:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Bessemer Venture Partnerscell phonesCellPhonesDaniel NealDanielNealDraper Fisher Jurvetson Growth FundDraperFisherJurvetsonGrowthFundFidelity VenturesGabriel Venture PartnersInterWest PartnersinthenewskajeetVenture CapitalVentureCapitalWed, 12 Sep 2007 13:23:00 EST