Path Hires Ex-Google, Lytro Finance Head as New CFO
A little more than two years after launch, Path, the self-proclaimed “private social network” startup, is beginning to focus more on monetization.
Hence the hiring of Kim Jabal as the company’s first CFO, who will spearhead the large task of eventually turning Path into a profitable service.
Jabal comes to Path after a year-long stint as VP of finance at Lytro, the experimental camera startup, where she handled the company’s finance, accounting and tax-related activities. Previous to that, she spent more than eight years at Google in multiple finance-focused positions, including directorships in the online sales department, investor relations, and ultimately as director of engineering finance.
In an interview, Jabal echoed Path CEO Dave Morin’s recent comments on monetization prospects, focusing in the near term on potential monetization options like virtual goods, or a premium subscription service. Her hiring, too, could begin to dispel the notion that Path is looking for an exit through an acquisition by another major company like Yahoo or Google (the latter of which has courted Path before).
“Look, we’re trying to build a long-term, sustainable company,” Jabal told me. “We’re not trying to sell the company. I wouldn’t have come if I thought they were going to get bought next month.”
She also made it clear that the company is still looking to heavily recruit software engineers.
Jabal started her first day at Path just last week.