With Bitcloud, nodes on a mesh network can be rewarded financially for routing traffic in a brand new mesh network. This removes the need for:
Internet Service Providers (Comcast, Verizon, AT&T, etc.).
One problem with that statement, you still need an ISP to connect to the internet (network). Unless you plan to build out an entire network infrastructure and try to completely eliminate the need of the current big ISPs; if not then this is just completely not possible. You need to have a way to connect to the internet wether it's centralized or decentralized, and for that you need infrastructure; which I doubt you have.
So this statement alone makes this IPO sound like it is a scam.