Podtech’s Assets Sold Off For Peanuts
The story of Podtech has changed dramatically over the last year or so: first it lost its CEO, laid off staff and failed to raise venture money, and now its assets have been bought by ViewPartner, a communications technology company, for less than half million dollars, reports VB. The Palo Alto, CA-based company started as a podcasting news and information network covering the tech industry, among the first of its kind, and then moved into video, but never took off and was dogged by management troubles as well. Founder John Furrier has since moved on. The company had raised at least $5.5 million in funding from the likes of US Venture Partners and Venrock.
Related StoriesPosted In: Media & Publishing, Podcasting, Money, M&A & Venture Capital, Mergers & Acquisitions, podtech
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Comments (1)
Jul 17, 2008 8:24 PM
It didn’t loose it’s CEO, Furrier was fired.