VentureBeat - Latest Comments in Akimbo, online video delivery company, throws in towel for good

Re: Akimbo, online video delivery company, throws in towel for good

catfight video — Sat, 08 May 2010 16:33:45 -0000

pitty to read that so much money is lost

Re: Akimbo, online video delivery company, throws in towel for good

abercrombie0 — Fri, 13 Nov 2009 02:03:46 -0000

Okay, here's the scenario of what Akimbo needs to do to save itself and it's employees.

Re: Akimbo, online video delivery company, throws in towel for good

abercrombie0 — Fri, 13 Nov 2009 01:53:34 -0000

I agree with you, your saying is so good and usful for me. Thanks.iphone clubtoday is my first visit here and I’ve enjoyed reading your posts so far.

Re: Akimbo, online video delivery company, throws in towel for good

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Re: Akimbo, online video delivery company, throws in towel for good

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Re: Akimbo, online video delivery company, throws in towel for good

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Re: Akimbo, online video delivery company, throws in towel for good

johnbear320 — Wed, 22 Jul 2009 17:46:38 -0000

I used to have Akimbo when it had set top service , I really liked it , I was very angry when they ceased offering it, I worked 3rd shift at the time I had it and really liked being able to watch on REGULAR TV set from in bed and fall asleep to it if I chose rather than being hogtied to a computer in order to watch it, I quit the service . Its too bad they were not more aggressive in getting new accts, I cannot help but wonder how many customers were completely lost due to the termination of set top services.

Re: Akimbo, online video delivery company, throws in towel for good

Spectrum — Tue, 10 Jun 2008 18:46:09 -0000

I started IVNewsday.com last October after years of research and TV GM experience. The model is starting to turn a profit. I started on a shoestring budget. Who invests millions without a winning model?

Re: Akimbo, online video delivery company, throws in towel for good

thirtygrand — Thu, 29 May 2008 14:13:04 -0000

AKIMBO! ARISE UP AND WALK!

Akimbo can still save itself from the nails in the coffin. What Akimbo is lacking is leadership w/ vision and innovation. Okay, here's the scenario of what Akimbo needs to do to save itself and it's employees.

We all know begining next year in Febuary 2009 all major broadcasting is going digital [wake up Akimbo class is in session]. There is an estimate of ten's of millions of homes that will be w/out "tv converter boxes" to make that transitition. [Will someone please tap Akimbo on the shoulder and wake him up please.]

How hard could it be to covert all those set top boxes that Akimbo is known for making into "tv converter boxes?" The Goverrnment is supposingly giving out coupons valued up to $40 on a purchase of one of these tv converter boxes. http://www.dtv2009.com .

Akimbo, holla @ your boy. thirtygrand@yahoo.com

Re: Akimbo, online video delivery company, throws in towel for good

Yohan Yukiya 사요한 謝雪矢 — Sun, 25 May 2008 20:55:27 -0000

Site still up. hehe :p

That's sad indeed, maybe they could share their experience....

Re: Akimbo, online video delivery company, throws in towel for good

Mary Fallon — Fri, 23 May 2008 15:09:51 -0000

Fourteen employees were laid off yesterday. CFO Peter Shantel told me today that Akimbo raised $4 mil from current investors but couldn't raise another $4 mil from outside investors and so let nearly everyone go while it hunts for a buyer since it has 3 customers and new product. See story: http://www.demo.com/communi...

Re: Akimbo, online video delivery company, throws in towel for good

Jeremy Toeman — Fri, 23 May 2008 11:00:42 -0000

re: "If there’s a lesson, it’s probably that this video industry is red hot, but also frenetic, and way saturated, and that a company is toast if it’s just a step behind."

Not sure I agree with that assessment. Akimbo started out as a "box maker" with a content play. The market for Internet STBs never really evolved, and the company tried shifting models (several times) to stay alive. I don't think it's as much about the industry as much as it is chasing a business opportunity that doesn't exist. In my opinion, the company had noble ambitions, but a fundamentally flawed offering, and spent way too much money digging the wrong hole.

Re: Akimbo, online video delivery company, throws in towel for good

DavoRider — Fri, 23 May 2008 01:36:49 -0000

The $8 million figure is a myth - not sure where it came from, but it's simply not true. The company raised a little in 2008 (I heard as much as $3 million), but that obviously was not enough.