FON got 18 million Euros funding from Google, Skype, Sequoia Capital and Index Ventures.
One example that VC is back in the Internet business and exciting all the new start-ups. I thought this goes nicely with the title of this blog. 
I admit I like the idea of FON very much. From the site:
FON is a Global Community of people who share WiFi. Share your WiFi broadband access at home/work and enjoy WiFi all over the world! FON, small cost, great benefit!
