Things get stranger and stranger over at Odeo. For a two-year old startup, it's sure had an interesting corporate life.
First, the San Francisco podcasting search and technology company received an undisclosed amount of funding from Charles River Ventures and Amicus. Seemed normal. VCs make bet on vertical search and podcasting.
Then, in October, Odeo co-founder Evan Williams said he had bought out the venture capitalists in order to fold Odeo into another one of his company's called Obvious Corp. At the time, I thought it could be a new way of adopting a studio approach to consumer Internet launches.
That idea fell by the wayside faster than Aaron Sorkin's scribing skills on Studio 60 because this evening Williams wrote that he is now seeking to sell Odeo so he can focus on an Obvious project called Twitter. No details on price, but I believe "OBO" applies here. I can't imagine Williams paid much to buy Odeo back from Charles River and Amicus in October, but compared to what the company will likely go for in the coming weeks, it's fair to say the VCs got a deal.
Watch a short interview I conducted with Williams in November:
Tags: odeo, charles+river, vc, venture+capital
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