Mike Isaac

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Social Data Startup Gnip Shuffles Top Ranks, Names New CEO

Jud Valeski, left, will now be Gnip's CTO. Moody steps into the CEO role.

Gnip Jud Valeski, left, will now be Gnip’s CTO. Moody steps into the CEO role.

Gnip, a startup that resells social data from companies like Twitter and Facebook, announced a change in its executive ranks on Wednesday.

Jud Valeski will now become CTO, while Chris Moody moves into the CEO role. Previously, Valeski was CEO while Moody was COO and president.

“It catches Chris at a moment in time where his understanding of what we need to do next, coupled with years of direct experience executing at Gnip, aligns extremely well with how the business is growing and scaling,” Valeski said in a company blog post. “Similarly on the revenue side, he helped lead his previous company to hundreds of millions of dollars annually.”

The startup is one of a handful of data resellers with full access to Twitter’s “firehose,” the pipe through which Twitter’s hundreds of millions of daily tweets all flow. Gnip sifts through all that and surfaces relevant trends and insights to its clients, which include many in the private business sector, finance, the government and the ad tech industry.

Gnip currently has 70 employees and, as Valeski notes, Moody has experience scaling companies up to include hundreds of people — another part of why Moody got the job.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work