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About Inphonic

Wirefly is the #1 site for cell phones and wireless phone plans.Inphonic offers free cell phones, cheap cell phones and discount prepaid cell phones from AT&T, Verizon Wireless, T-Mobile, Sprint, Nextel, Cingular, Alltel and more. Free shipping and a 100% satisfaction guarantee.

Inphonic Headquarter Location

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Latest Inphonic News

How This CEO Learned the Difference Between Coaching and Controlling

Sep 1, 2021

After his first company failed, David Steinberg, founder and CEO of Zeta Global, decided to take a different approach to managing his employees. Illustration by Nate Kitch David A. Steinberg was riding high when his wireless phone company, InPhonic, earned the No. 1 spot on the 2004 Inc. 5000 on annual revenue of $119.4 million. Three years later, Steinberg left, and InPhonic filed for Chapter 11 . But he didn't sit still. That same year he launched marketing technology firm XL Marketing (now Zeta Global ). Here, Steinberg reflects on what went wrong with InPhonic--and how he's doing things differently this time. --As told to Christine Lagorio-Chafkin I started my first company at 16. Now I'm 52, and what comes with maturity is the understanding that I don't need to prove myself every hour of every day. When I was a young entrepreneur, I thought I had to do everything. I had to be the head of every division and know every detail. But when you have your hands in every single thing and are telling people specifically what to do all day long, not only are they not going to do their best, but you're not able to recruit the best people, either. Today, my focus is on my company's strategy. That includes hiring the best people and coaching them--not controlling them. I let people know it's OK to fail and to ask questions. But I'm not doing their jobs for them. That would inhibit their growth. Having the best people and seeing them grow is the foundation of a much more stable business. Zeta Global has now become one of the world's largest data-analytics com­panies, with 1,000 global clients and 1,300 employees in 15 offices in 11 countries. And we are newly listed on the New York Stock Exchange. It's such a difference from the last time around. Inc. helps entrepreneurs change the world. Get the advice you need to start, grow, and lead your business today. Subscribe here for unlimited access. From the September 2021 issue of Inc. Magazine Sponsored Business Content

Inphonic Acquisitions

3 Acquisitions

Inphonic acquired 3 companies. Their latest acquisition was Avesair on May 05, 2003.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/5/2003

Series A

$99M

$16M

Acquired

2/22/2002

Series B

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$99M

$99M

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0

1/10/2002

Other

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$99M

$99M

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0

Date

5/5/2003

2/22/2002

1/10/2002

Investment Stage

Series A

Series B

Other

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$16M

$99M

$99M

Note

Acquired

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Sources

0

0

Inphonic Team

1 Team Member

Inphonic has 1 team member, including former Senior Vice President, Scott Ableman.

Name

Work History

Title

Status

Scott Ableman

Senior Vice President

Former

Name

Scott Ableman

Work History

Title

Senior Vice President

Status

Former

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