Skype announced raising $18.8 million in series B funding. I mentioned about the company a while ago, Skype is peer-to-peer telephony (p2p) invented by Kazaa founders.

Om Malik thinks that it is a great idea, though not such great business -- "I still don't see a business model."

TJ, on the other hand, sees potential for making a profitable business -- viral marketing at a great scale, clever product working better than any VoIP product ever before.

I agree with the latter.