Yo
> Without ever having officially launched, co-founder and CEO Or Arbel managed to secure $1.2 million in funding from a list of unnamed investors, except for co-founder, angel, and Mobli CEO Moshe Hogeg, who participated in the round.<p>Stuff like that really gets me. I see tons of start-ups that would have a fighting chance given that sort of investment and then lame stuff like this gets funding. Of course they're entirely free to spend their money any way they want, but was there really no place to spend that better?<p>Congratulations to the Yo team for furthering the research to the origins of the term 'dumb money'.<p>I guess if you timed it right you could use Yo to communicate in Morse, but that seems to be a waste of bits considering that each packet will activate a very large number of bits being sent where one would suffice.