It turns out that cVidya’s CEO, Alon Aginsky, is listed as a ‘partner’ of business angels group AfterDox. The group’s intriguing name reflects the fact that the investors are all former Amdocs executives. You can see Alon’s AfterDox listing here.
It is no surprise that Amdocs executives can afford to put their feet up and start a new hobby by providing seed capital for new businesses. Amdocs always makes plenty from good old telcos. But can Alon have made so much money from cVidya, and can he have enough spare time, to afford to copy his friends from Amdocs? cVidya, unlike many of its revenue assurance competitors, still relies on VC funding. Now is not a good time for any backers of a small software company like cVidya to look for an exit. Sticking with the investment can be tough too – rumours are that cVidya have recently had some staff cutbacks. So in difficult times like this, you have to wonder what advice Alon gives to those businesses he works with. Perhaps, if he really is an angel, he should share it with all of us. From the looks of several companies in the RA sector, there will be plenty of people willing to listen…
