rajsekar

Joost: Sometimes Too Much Money Is a Curse, Not a Blessing

Ed and Om Malik missed an important failure in this autopsy report. One of the main reasons (atleast # 1) for Joost's collapse is the lack of focus from Mike Volpi. Mike has been called a rock star by media and analysts because of his management and digestion of many small startups into Cisco. There again the vision and focus came from John Chambers and not Volpi. Volpi could successfully operate within Cisco's walled garden and create wonders, but he failed once he was left to himself. That's not creativity or having focus. There are many such loose cannons loitering Sand Hills Road looking for openings to create a Google or Sun (oops bad choice). The best analysis will be to compare Joost and Hulu. A focussed and smart CEO can do wonders for a startup company. Joost should have hired a Chief who knew the technology foremost and the ability to execute the plan. Mike Volpi lacked both traits and here we are with an autopsy report.