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."