Will the last Akimbo employee please turn out the lights
Akimbo has laid off nearly everyone except for its executives, according to a tip we just received. An early entrant in the TV-over-Internet field, Akimbo saw its original CEO Joshua Goldman leave for the luxury of investing in other video startups. The company dumped its set-top box business to sell Internet video-on-demand software to other hardware manufacturers. So far $47 million has been poured into the company by the likes of Cisco Systems, Draper Fisher Jurvetson and Kleiner Perkins' William R. Hearst III, who serves on Akimbo's board. Any Akimbo employees out there want to confirm or contradict our tipster's impression that CEO Tom Frank and COO Neil Goldberg are mismanaging the aging startup?