Monday, July 6, 2009
Mike Volpi Jumps From Joost to Index: A BoomTown Interview (And Full Press Release)
Two years ago, Index Ventures was part of a group that invested $45 million in Joost, the then-hot-and-hyped online video service, while bringing on well-known tech exec Mike Volpi as CEO.
Now, he is headed to Index as a partner in the venture firm, in what some might think is an ironic move.
That’s because last week, after much effort to get traction for Joost, Volpi announced that the service was undergoing a major shakeout–drastically cutting staff and shifting its business model and strategy.
