I’ve heard the same rumors as Om about Vonage seeking more VC money. This round will likely be what is called a late stage investment, and may even involve taking out some of the current investors and shareholders at a fair multiple. That said, I’ve also heard the Jeffrey Citron has about $70 million of his own money in Vonage and has been maintained his investment levels to date to avoid dilution.
All of this said, if Vonage is going to IPO this could be the time they do it.