As Fred Richardson, Vicom's then newly appointed VP of business development, told us at the time: "We can't be an end-user [oriented] company... It's fruitless to think we could take on the big companies in the storage space... I think we were maybe smoking a little bit of pot, not realizing where our opportunities were."
Pot or no pot, the situation didn't improve for Vicom. Tam returned in November 2002 as CEO, but by then it was too late to save the company from going bankrupt (see Vicom on Life Support?).
"They lost a year when the VCs kicked out Sam [Tam] and brought in their own people, who apparently didn't know anything about storage," says Arun Taneja, founder of the Taneja Group, a consulting group based in Hopkinton, Mass.
Vicom's past investors have included Charter Venture Capital, Goldman Sachs & Co., Pyramid Technology Ventures, The Rahn Group, Sigma Partners, and StorageNetworks Inc. (Nasdaq: STOR).
Todd Spangler, US Editor, Byte and Switch
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