Word: grinda
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Dates: during 2000-2009
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...Grinda of Zingy made the leap into cell phones from another recent tech darling, online auctions. A native of France, Grinda sold his company Aucland, a pan-European version of eBay, to the Spanish company Terra in 2000. After watching a friend make a fortune in ringtones--a business he once thought would never be more than a novelty--Grinda got into the game himself. He started Zingy and sold it to the Japanese company For-Side.com last May, but he is still running the business and pushing the company into city guides and traffic reports...
...unlike some others, Grinda thinks there's still plenty of room for growth even within ringtones. Record labels have only recently embraced fully licensed ringtones that actually sound like music, he says, and Zingy is racing to sign up the most popular hip-hop acts to exclusive ringtone deals. (His roster already includes 50 Cent, Ludacris and Snoop Dogg.) Grinda says the only thing holding the content back is handsets: just some 15% of cell phones in use today support the best-quality ringtones. Of course, Americans typically replace their cell phones every 18 months. "Give me two years...