Odeo Founder Buys Back Company from Investors

Mark Evans :: Odeo: A Sign of Things to Come?

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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