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An Akimbo employee detailed the twists and turns in strategy at the now dead startup, mostly from the point at which Tom Frank (pictured) took over as CEO. Frank stalled development on content for investor AT&T, killed a product a month after it was shipped to Novato-based Sonic, switched products on client CenturyTel with two months notice, then decided they needed to acquire Canadian startup iWave's software. Only after founder Jim Funk left, along with legions of engineers, did executives decide to resuscitate tech built in-house. The nail in the coffin?

As a last ditch effort, they were going to go all porn with 'CarnalTV.' They lost the last of their talent at this point because they didn't want to work for a porn company.

Having lived through a dot-bomb, I doubt those engineers will be too proud to take work in porn if a recession hits and mortgage payments need to be met.