I guess Ted couldn't make Orb work either. He was shown the door because he couldn't make a ridiculous idea go anywhere. Or rather, perhaps its the ridiculous business model that was all ass-backwards. I don't blame him really unless of course he truely believed this was great stuff!!
Orb has been applauded for its technology and has won many awards, despite not being able to figure out its exact game plan. Orb has already changed its business model once – it was a monthly paid service, but then later went to a free-ad-supported model. All this must be costing them money – serious money. Silicon Valley sources say that the company is looking to raise about $10 million.
You'll be interested to read the exchange on a previous Orb post I made here. Check the comments for a response from Ted and my response.
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