Viewers of the Silicon Valley TV show will be well aware of the decision of the company in the show to stay independent when given the chance to sell their startup for a large profit. FreedomPop founder and CEO Stephen Stokols is also aware of the show and has recently cited it as a source of inspiration when it came to his decision to refuse to sell the data bundling company proving a bug success across North America.
FreedomPop has quickly built a large following and hopes to top one million customers by the end of 2015, which is a customer base built on providing free data bundles and only charging customers when they exceed their data plan. Recode explains a number of bids have been received for FreedomPop, which have now been rejected in favor of a sustained period of investment with newly found partners.
Initial reports state the company could be worth three to four times its current value if the investment and sustained increase in development are continued. FreedomPop has been looking for increasing numbers of partners around the world to develop the brand and will soon announce a major partnership with a retailer to make it simpler than ever to buy hardware and begin data plans. Stephen Stokols believed a sale of FreedomPop was premature and with a hardware partnership soon to be announced the company may well have been right about how best to go forward with the development of data based mobile service provider.