PodTech Sells After Everyone Moves On
PodTech was sold to a little-known company from Los Angeles called ViewPartner, Eric Eldon at VentureBeat reported Thursday. Eldon has an undistributed press release up, and is the only outlet with an original story, though we have no reason not to believe it. The deal was apparently for less than $500,000, after PodTech had raised $7.5 million from US Venture Partners and Venrock.
PodTech had made a name for itself with Internet-famous hires like Robert Scoble, Irina Slutsky, Steve Gillmor, and Jeremiah Owyang; but those folks have all left and apparently the people who stuck around weren’t even being paid at the end. Honestly PodTech seemed more talk than action for the whole time I knew it, which was since the beginning. It always had a tension between being a technology company, a new media company, and a corporate marketing company.
We’ll add more if we good stuff; PodTech founder and kicked-out CEO John Furrier is promising a tell-all post on his blog.
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“PodTech seemed more talk than action…” word.
observer on July 18th, 2008 at 1:09 am - Permalink
everyone knows why they sold. you missed the story but love the personal attack and hatred.
Aris Hoffman on July 18th, 2008 at 8:16 am - Permalink
Hey if figuring out this online video stuff was easy everyone would be doing it.
Podtrac had some great people and made some great mistakes that we all benefited from.
Best of all they brought us the concept of the “bloghaus” which is well worth the $7.5 million. ;)
Tim Street on July 18th, 2008 at 11:43 am - Permalink