He did get funded, but is he really in it for the long run? My uninformed prediction on the matter is loopt gets acquired by MS in a few years, which does seem to be the goal of most startups these days.
I don't know Sam at all, but if all he wanted to do was sell out in a few years, I could think of better ways to pass the time than negotiating with (ick) cell phone carriers. That's some serious muck he and the other Loopts waded through, and it makes me think they're in it for the long haul.
