Twenty months after raising $5-million of venture capital and several strategic mistakes later, Odeo's founder has decided to buy back the company from investors, and rename itself Obvious Corp. What's particularly interesting about Odeo's move is whether this is just the beginning of a trend in which Web 2.0 entrepreneurs will take control of their companies again after interest from investors disappears due to a lack of progress.
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I'm Andy Wibbels. I am working on a blog redesign so things might be a little clunky for a few days. You can learn more about my book, Blogwild, at http://GOblogwild.com/. Right now I'm working in San Francisco at Six Apart where I'm the product manager for Blogs.com. You can add my blog to your Google, Yahoo, Bloglines or other homepage. You can also follow me on Twitter, Facebook and Friendfeed.
I sometimes blog about Trent Reznor (parts 1 and 2), cubicle slang, D&D, furries and fanfic, Fosse, freakfilters, indigo children, The Secret movie, sexy deliverymen and dungeon furniture. Here's my most popular post.
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