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PubSub's CTO Blogs About Corporate Troubles

PubSub CTO Bob Wyman has a candid blog post (via WebProNews.com) about the company's troubles.
Rumors have been flying lately about the demise of PubSub.com. While I've seen quite a bit of exaggeration in various forums, I can't deny that things are not going well for us. Our days are numbered. A recent attempt to execute a merger has been blocked and we've been blocked from raising equity financing that would allow us to continue to pay salaries and pay off our $3 million in debt. Thus, our "doors" will close soon if we can't find someone to pull us out of the current situation. Persons with fast access to cash and a desire for some of the industry's best technology are advised to contact us rapidly...
PubSub.com does have some interesting features. We especially like the community lists which are a great example of how topic oriented alists should be run. PubSub.com may not be the only blog search tool with problems. The WebProNews article also mentions a Jeremy Zawodny post that says Feedster will die in 2006.

Posted on June 16, 2006



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