32 posts and columns on Mike Volpi
Two of Index Ventures’ high-profile partners–Danny Rimer and Mike Volpi–are opening a new Silicon Valley office for the Europe-based venture firm in September. The move is actually more of a return home for both men, now located in London, who had lived and worked at tech epicenter for much of their careers.
Music start-ups have been a money incinerator for a long time, but that doesn’t stop investors from trying again. Here’s the latest example, which I first wrote about back in October.
The tale of Joost, the would-be online video heavyweight, is almost at an end. Most of the company’s remaining assets have been sold off to Adconion Media Group, the two companies announced today.
Silicon Valley legend and now VC Marc Andreessen was making the interview rounds after the settlement between the litigation-addled co-founders of Skype and all the various people they were suing was announced this morning. In an interview with BoomTown, when asked about the aggressive legal tactics of Niklas Zennström and Janus Friis that resulted in them finally seizing a stake in the Internet telephony giant by suing him and many other Silicon Valley players, Andreessen said: “We did not take it personally. It’s a clean sheet of paper.” Well, it is actually a torn, stained and very worn out piece of paper, but bygones!
I Love the Smell of Settlement in the Morning: Skype Founders Set to Get 10 Percent, Option to Buy Three Percent More and Two Board SeatsAccording to several sources close to the situation, barring any unforeseen delay, a deal to settle the Skype imbroglio is likely to be announced around the time the markets open tomorrow. While the massive agreement–which will settle a series of lawsuits waged by Skype’s co-founders–is not yet officially signed, sources said lawyers are apparently putting the finishing touches on the paperwork. Sources also said that those co-founders–Niklas Zennström and Janus Friis–will get 10 percent of Skype back for rights to key technology they control, an option to pay $83 million for another three percent of the Internet telephony service and two seats on the 23-member board.
Longtime Yahoo exec Brad Garlinghouse’s appointment to a new job at AOL today is yet another sign of an interesting trend for those keeping score of the comings and goings of top Internet execs. As anyone who watches the digital space knows by now, this kind of management musical chairs is common and never-ending, although it seems more frantic than ever of late. In fact, borrowing a quote by IAC/InterActiveCorp chairman and CEO Barry Diller from an onstage interview I did with him at the sixth D: All Things Digital conference, and switching out Hollywood for Silicon Valley: “[It] is a community that’s so inbred, it’s a wonder the children have any teeth.”