Hard to believe that just two years ago Odeo was a star. Heck, they even have a star in their logo! Over that period of time, they have slowly but steadily faded from the spotlight. And now even Odeo’s founders don’t want to keep it around:
It seems likely Odeo is worth more to someone else than it is to us at this point, so we’re looking for a new home for it.
We’re open to a variety of scenarios – from cash offer to an equity position. Our main concern is the ability to focus on Twitter and to see Odeo live on in some legitimate form.
All of my criticism of the service aside, I’d buy Odeo if I had the capital. The way I see it, Odeo has two main assets: a huge database of media and lots of “online presence” – that is, lots of incoming links, good search engine rankings, etc. Tons of potential.
To his credit, Evan Williams says that Obvious will continue to run Odeo if they don’t get any attractive offers. Not sure if that’s the right thing for Odeo, but at least it proves that Evan and his team still care about it.