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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About Andy Wibbels

Andy is an award-winning blogger and author of the book Blogwild! A Guide for Small Business Blogging. His work has been featured in The Wall Street Journal, USA Today, Entrepreneur, Wired, Business Week, Forbes, and other national and international media. He was worked at several San Francisco startups including Typepad, Get Satisfaction, SInMobi, Keas, and Mindjet. Currently, Andy is Director of Marketing at Lucidworks. Tw · Fb · G+ · Li

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