Web 2.0 = the need for less $

But what if your cool new Web 2.0 startup has too much cash? Instead of buying those aeron chairs, you can hire a killer CEO. You may have never heard of Joost (evidently the new way to watch TV - yawn), but they recently closed a huge $45MM round from Index Ventures and Sequoia. In a coup for the little company, according to Staci Kramer, they lured former Cisco exec Mike Volpi to join the team as CEO. Mike SVP-GM, at Cisco from 1994 to this year, was seen as the likely heir to CEO John Chambers. Om Malik suggest that Mike might have immediate impact in the organization. If the little company is going to show us ‘how TV will be watched from now on’ they need someone who can swim in the shark filled waters of Hollywood. Is Mike slick enough? I suspect so!

Big in Japan | May 31st, 2007, 7:45 am | Tags: Blogs Work | Bookmark on del.icio.us | Digg It | share with: elfURL
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