PodTech Sells For Less Than $500k
|
Discussion Policy
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.
|
Thursday, July 17, 2008; 12:09 PM
VentureBeat is reporting that technology media startup PodTech has been sold to ViewPartner, a "communications technology company" , for less than half a million dollars.
PodTech is perhaps best known for the long tech videos produced by blogger Robert Scoble, who left the company last December to work for Fast Company. He was originally snagged from Microsoft, where he made his name.
The paltry sale price is not much better than a landing in the deadpool, an outcome expected by some since at least last Fall. PodTech's investors certainly didn't get a return on their money: $7.5 million raised over two rounds since early 2006.
PodTech was originally founded in May 2005 by John Furrier, who led the company as CEO before leaving last August.

![[techcrunch]](http://media.washingtonpost.com/wp-dyn/content/graphic/2008/04/04/GR2008040401977.gif)