Tuesday, February 20, 2007

Odeo Looks for Buyers

gigaom.com:
Ever since founder Ev Williams decided to buy back San Francisco-based Odeo from his investors and shift his attention to fast growing SMS-alerting service, Twitter, it became clear that Odeo brand and domain might be up for grabs.
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techcrunch.com:
Evan Williams, the man who co-founded blogger.com foundation Pyra Labs with Meg Hourihan, has put his beleaguered startup Odeo up for sale. Odeo is a consumer facing audio service that’s been remarkably high profile about its struggles over the past year; Williams discussed mistakes candidly and bought the company back from investors in October.
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mashable.com:
Ev Williams’ Obvious Corp, which bought Ev’s Odeo property back from investors in October ‘06, is now looking to sell the podcasting site. The site is self-sustaining he says - AdSense pays the bills - but the company wants to focus on Twitter and doesn’t want to see Odeo die of neglect.
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obvious.com:
In the last few months, we here at Obvious have been increasingly focused on Twitter. As a result, our original product, Odeo, has not gotten the attention it deserves.
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We guess Odeo could take anything between $5M and $10M based on the current popularity, site usage and brand awareness. We’ll see…

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