Former Cisco VP Volpi Becomes VC

After helping to lead Joost to failure, former CEO Mike Volpi has landed a new gig, as a partner at one of the venture capital (VC) firms that invested in the online video firm.

Joost announced last week that Volpi would step down from his job as CEO as part of a restructuring that reduced headcount dramatically, while shifting the company's focus from running an ad-supported online video site to selling its technology as a white-label video platform.

Now it's been announced that Volpi will join Index Ventures as a partner in the firm. While Index was one of the investors in Joost, as part of the company's $45 million funding round, the firm is perhaps better known for its more successful investments in MySQL AB and Skype Ltd.

To continue reading, see the full story at Contentinople.com.

— Ryan Lawler, Contentinople

Honestly 12/5/2012 | 4:01:16 PM
re: Former Cisco VP Volpi Becomes VC

Geez, lets hope the VC's know what Volpi can do.  I think it is clear that the Joost BoD didn't have a clue.  I think it is logical to say that you just cannot walk from selling boxes into a world of reaching the consumer with content. 

You can have a good track record in one area, but should know what you do not know.  VC's and boards make stupid mistakes.  That said, Mike has a ton of CSCO cash, best of luck to him.

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