Will Price, a friend and fellow fly fisherman, announced today that he's leaving Hummer Winblad to be CEO of WidgetBox, a venture-funded (by Hummer) startup to be the company's new CEO. Will was an operating guy before he was a vc, so this shouldn't shock anyone. It is, however, a pretty cool move and a pretty cool company. And, for those of you who don't know what a widget is (Dad), read Will's letter on why he made the move on TechCrunch. Best of luck, Will!
I recently passed along some advice to a first-time CEO who is contemplating his first raise of outside capital in the not too distant future. He's built an incredible business on his own over the past 5 years, and is dealing with primarily Tier 1 venture firms. With specifics to his situation and company removed, herein is the context of what I sent. Just my $0.02 - as I told him - take it for what it is worth. If you find them helpful, let me know.
TechCrunch today has a profile on Jingle Networks, which just raised another $60M in funding from Goldman Sachs. Jingle is another great data point for the mantra that, as an entrepreneur, you don't need to reinvent the wheel to tap into a monster market.
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