Jeffrey Citron - Vonage CEO
Like the technology he’s pushing, Jeffrey Citron, the 34-year-old CEO of Internet phone company Vonage, has a tendency to shake things up. In the 1990s, armed with little more than a high-school diploma, he founded two businesses, including Datek Online Holdings, and helped pioneer the tools for computerized daytrading on Wall Street. In 2000, he began pouring his own money—$70 million and counting—into Vonage, an upstart telephone company that is now revolutionizing this $1 trillion industry.
The idea behind Vonage’s technology is breathtakingly simple: on the Internet, voice is just another form of data. So what, then, is the point of dedicated phone networks—or even telephone companies, for that matter? By capitalizing on the Internet, Vonage has been able to undercut phone companies and steal their customers—more than 400,000 Vonage subscribers pay as little as $24.99 a month to make unlimited telephone calls. Vonage has become the fastest-growing and largest provider of Internet phone calls in the United States.
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