Urbanspoon has released its restaurant location service for the Android, which follows the introduction of its BlackBerry app last November. Urbanspoon said the "slot machine" style restaurant finder is "blazingly fast" and includes many of the features found in the popular iPhone app.

Xconomy's Greg Huang does some sleuthing in the SEC filings and finds out that Seattle's Ontela in fact purchased PhotoBucket. The companies originally touted the deal as a merger, and Ontela was the smaller player in terms of employees and traffic. It is still unclear how much Ontela paid, but Huang notes that News Corp. (the owner of Photobucket) took a $29 million loss on the deal. As we reported earlier this week, Ontela co-founder Dan Shapiro plans to leave the company to start a new venture.

Algard

In a blog post titled "A Cheer and Gentle Kick in the Rear for Seattle VCs," WhitePages founder Alex Algard writes that the "local VC community needs to step up." He goes on to note that many of the Seattle VCs don't rate very well when it comes to three factors: personal passion, expertise and communication and networking skills.

Shares of Isilon Systems are up again today after the Seattle digital storage company surprised Wall Street with its first quarterly profit on Thursday. After gaining more than five percent on Thursday, the stock was up slightly today. Meanwhile, McAdams Wright Ragen stock analyst Sid Parakh raised his rating on the company, boosting his price target for the stock to $9 per share.

Liu

BuddyTV founder and Seattle angel investor Andy Liu writes in a blog post titled "Embracing Adversity" that his company and others where he's an investor "struggled in 2009." But Liu's not giving up hope, laying out a helpful list of five reasons on how entrepreneurs should adapt to the tough times. "To sum it up, being an entrepreneur is not easy, adversity sucks, but embracing adversity instead of allowing it to break us will make us successful people," he writes.

Headline of the day comes via Gizmodo: "The $9.99 Ebook is Dead: Third Major Publisher Hachette Dumps on Amazon"