Chapter 9

Risk Factors

At the height of the dot-com boom, Stephen Waldis founded Synchronoss Technologies and was able to raise $25 million in venture capital. He thought that mobile phones would essentially become handheld computers and started to create a platform to help telecom operators to handle functions like billing, provisioning, and activations. Though it took longer than he thought it would, Waldis was able to build a strong company and would eventually benefit from the iPhone revolution.

In 2007, he set out to take the company public. It helped that Waldis had already put in place the necessary infrastructure, such as financial systems. He also had a top-notch senior management team, which proved critical in the grueling initial public ...

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