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Joost's Ex-CEO Beams Up To VC Mothership
Silicon Alley Insider —
mike volpi tbi Last week, Joost chairman Mike Volpi fired the CEO (himself) and announced the company would change its strategy (again). Now, Mike is beaming back to one of Joost's VC motherships, Index Ventures, to become a venture partner. Congratulations, Mike! Of course, Mike has been working for Index Ventures's interests for some time now. In 2007, Index and Sequoia Capital invested $45 million in Joost back, hoping to turnaround the once-promising Web TV startup. In something of a package deal, the VCs installed Mike as CEO. Things didn't work out and last week, ...
Industry Moves: Former Joost CEO Volpi Lands At Index Ventures
paidContent —
... He’ll be based in London “as part of the venture team where, Index says, he “will lead early stage investments in the Internet, telecom/networking and media sectors and contribute to the firm’s later stage growth fund.” Volpi told Kara Swisher, who first reported the news, that price held back the sale of Joost: “Not everyone wanted to pay a lot to own Joost, but a lot of people wanted to rent it.” Hence, the announcement last week of the switch to a white-label offering. ...
Index Ventures gets its Michelangelo
The Open Road —
... The answer is 'Both,' of course, and Volpi's recent failure with Joost should prove useful instruction for his future Index investments, as suggested in an interview with D: All Things Digital. Look for Volpi to take a hard-headed view on Internet business models: less advertising, and more transactional business models. ...
Former Joost CEO Gets New Gig as VC [NewTeeVee]
GigaOM Network —
... Former Joost CEO Mike Volpi already has a new gig lined up. He’ll be a venture partner at Index Ventures, which was part of the group that pumped $45 million into the little web TV start up that could (but didn’t). ...
Former Joost CEO Mike Volpi Jumps to Index Ventures [GigaOM]
GigaOM Network —
... He will also stay on as chairman at Joost, as the company transitions from it’s much-hyped video-streaming platform, to become a (yet another) white-label video provider. Volpi told AllThingsD’s Kara Swisher in an interview today that it’s a great time to be a VC: “In a market downturn, it is a good time to invest. There are a lot of great opportunities out there now.” ...
Recently replaced Joost CEO Mike Volpi joins Index Ventures
VentureBeat —
... In an interview with BoomTown, Volpi offers some generalities about why it’s a good time to invest, and also digs into what went wrong at Joost: “At the end of the day, the consumer offering we had was not working, a lot because we did not have enough access to content we needed to build traffic.” At Index, Volpi will be based in London and will focus on early-stage investments in the web, networking, and media.Recently replaced Joost CEO Mike Volpi joins Index Ventures ...
Former Joost CEO Mike Volpi Joins Index Ventures As A Partner
Pulse2 - Technology News And Reviews —
... as CEO of Joost, but remains as Chairman. Another position that Volpi will be taking since his CEO duties have been relieved is partner at Index Ventures as AllThingsD revealed in an interview. Index Ventures invested $45 million in Joost several years ago and Joost brought in Volpi, a former Cisco exec as the CEO. ...
