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Once a traveler far from home, immersing himself in the culture and language in Mexico, Eric Stumberg found comfort in the words "Tengo Internet" in response to an inquiry for Internet service in cafes and other establishments.
The words indicate Internet service is available. On a career hiatus after leaving Round Rock-based Dell Computer Corp. and relying on the Internet to stay in contact with family and friends, Stumberg gained a better understanding of the value of people staying connected.
His background was in marketing of wireless services, but it wasn't until his brother asked him the right question that Stumberg was ready to make his move. Both staying in the family home following a funeral, Stumberg's brother asked, "Why not do it yourself?" when Stumberg discussed the opportunity he envisioned in the market.
"That was the moment I knew," says Stumberg, president and CEO of Austin-based wireless Internet startup TengoInternet Inc.
With a shared vision, Stumberg and business partner, Marty Heaner of San Antonio, the chief technology officer, pooled $250,000 to get things started. The company was founded in the fall of 2001 and incorporated in January 2001. Of the $250,000, $150,000 was used to finance TengoInternet and $100,000 went to Austin-based Rocksteady Networks Inc., which provides TengoInternet with its software.
Stumberg started in engineering and construction services for H.B. Zachry Co. in San Antonio and came to Austin in 1995 to earn an MBA at the University of Texas before his stint at Dell.
Hearne's background is in aerospace and information technology.
Tengolnternet helps hospitality businesses serve customers who want high-speed Internet access to stay connected...