Questions are being raised this morning about whether high-profile Australian Web 2.0 start-up Omnidrive has closed itsdoors, with the company's site being replaced by what appears to be some form of newsletter service offering financialrewards.
Questions are being raised this morning about whether
high-profile Australian Web 2.0 start-up Omnidrive has closed its
doors, with the company's site being replaced by what appears to
be some form of newsletter service offering financial
Dubbed "Amnesty Financial Plus", the Omnidrive.com service now asks if readers
are "Strapped for Cash". "Approved applicants receive their
money in hours!" it shouts. Omnidrive chief executive officer Nik
Cubrilovic did not immediately respond to an email query about
whether the start-up was still alive and kicking.
Over the past year a number of events have signalled that
Omnidrive, which received a high level of media attention after it
was highlighted by US-based technology blog TechCrunch several
years ago, was headed downhill.
The start-up's former chief technology officer Phil Morle, quit
in August 2007 after just six months on the job, stating employees
had not been paid and Omnidrive's offices in Wollongong and Sydney
had been vacated.
Perth-based investor and tech entrepreneur Clay Cook, who was an
angel investor in Omnidrive, also wrote a public letter stating his
lack of confidence in the firm.
"We are doing [development] work: about to launch a new
product, probably in two-three months," he told bootstrappr at the time.
"We looked at a number of merger deals with competitors for the
storage engine, and one of those might pan out."