I was asked by an Angel to start looking for opportunities in our space. My first advice was there were better spaces then ours right now.
But maybe I am wrong. Maybe the transition is in process to the new communications paradigm. Look at the realities of the market. The consolidation has left little room for growth at the top and all the innovation is attaching itself to the web. Whether its in a social network, a browser based voice client, or some widget that reduces the browser to a contextual application the web is the big move. I can even make a case for the web being the model for Unified Communication.
This comes at a great time for turmoil, too. The Internet is exploding with a drive to wireless and as Apple, Google, Intel and Nokia all drive us to a new marketplace the opportunities are to find a niche and grow with the flow.
So the good news is if you are a start up looking for an Angel. I can put you in touch. I will also tell you, I am having some discussions at various other levels of investment.
Let me know if I can help.