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      Acquisitions

      PodTech sells for $500,000, which will hopefully cover its debts

      By Jackson West, 1:00 PM on Thu Jul 17 2008, 593 views

      PodTech, the online video startup left to reliving better days when charming shill Robert Scoble was a frontman for the company, has found a buyer, ViewPartner, and for the paltry sum of $500,000. Hopefully the company's creditors will be getting more than a few pennies back on their dollars — the company has been at the mercy of their bankers, and one commenter says that they were racking up tabs with vendors. VCs like US Ventures and Venrock probably won't be getting any of the more than $5.5 million invested in the company, however. Founder and chairman John Furrier must be relieved, as he was all smiles at recent reunion of DEMO conference attendees.(Photo by Brian Solis, bub.blicio.us)

      Read More: acquisitions, podtech, robert scoble, john furrier

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