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.