Facebook is officially out of the running for a 2010 IPO, and it’s a good bet that other sort-of candidates like Zynga are going to be waiting for a while, too.
So if you really want to make a bet on a Webby public offering in the near future, you’re going to have to wager on the companies with a … less impressive pedigree. Companies like FriendFinder networks, which runs a collection of porn sites and niche social networks, or Vringo, which is ostensibly in the ring tone business and wants to raise $64 million to keep going.
How can ring tones still be a business in 2010? For Vringo, they aren’t: The company has been giving them away for free, though it hopes to start selling them soonish.
Better hurry. Vringo has raised $17.5 million since 2006, and has burned through almost all of that. Total revenues so far: $36,000, generated by a partner in Armenia. PaidContent has more details from S-1.
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