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.

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— Ryan Lawler, Contentinople