ValleyWag has resumed its editorial spanking of mobile email company Visto, which the blog said would raise more VC funding “any minute now.” So I did some digging, and learned two things:
(1) The abuse is largely deserved, as Visto CEO Brian Bogosian regularly uses poor judgement in making predictions about Visto’s IPO prospects. To be kind, let’s just say that his fortune-telling skills are ambitious.
(2) At least some of the company’s investors have heard nothing about formal plans for another funding round, and say that there is still plenty of cash on hand. That’s not to say that it won’t happen — this is a very capital-intensive space — but just to say that there is nothing currently on the table.
To date, Visto has raised just under $300 million in venture funding. Current investors include Allegis Capital, Altitude Capital Partners, Blueprint Ventures, Draper Fisher Jurvetson, ePlanet Ventures, GKM Ventures, Meritech Capital Partners, Oak Investment Partners and Rustic Canyon Partners.