Saturday, October 04, 2003

OneName files for bankruptcy

OneName files for bankruptcy "Two years ago, executives at OneName Corp. boasted how its Extensible Name Service would transform the way people communicated, conducted e-commerce and connected to the Internet.
One executive said the open-source software company -- formerly known as Intermind Corp. -- would have 25 million users by this time.
But the Seattle start-up -- whose list of 87 investors includes billionaire Craig McCaw, InfoSpace Chief Executive Jim Voelker, winemaker Allen Shoup and Washington Mutual's Craig Tall -- filed for bankruptcy this week after burning through $27 million in cash."
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