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http://www.jeteye.com/jetpak/8000ba56-1532-403d-aab4-3e66f174a571Mon, 25 Sep 2006 18:54:02 GMT
Flock CEO leaves the fold
Pop quiz: What does a once-popular startup, top-heavy with philosophy and lacking direction, do when the one guy who started the whole thing quits?
Bart Decrem, founder of Web browser startup Flock, has stepped down as CEO and is looking to build another company, PE Week has learned.
Decrem says his departure isn't tied to anything wrong with the company.
Bull. Founding CEOs do not step down and "look to build another company." Decrem knows his social browser failed to catch on, thanks to an already-crowded browser market that left no search deals (like Mozilla's lucrative Google deal) and no consumer demand. Meanwhile, it took $3.2 million from venture capitalists and angel investors.
Look for Flock to end up on the Web 2.0 junk heap in a few months. Hey, maybe it'll sell on eBay.
Flock CEO steps down [Private Equity Week]
michael schurter
says:
Flock, like that calendar site I've already forgotten the name of, is a neat feature, not a product.
Web 2.0: Where features become products.
davidu
says:
Flock has had more turnover than any small startup I can think of.
What's sad is that I actually wanted Flock to do well. At the very least, and perhaps selfishly, I wanted to Flock to be my browser -- a browser that is there with the features I want when I need it. I'm over GoogleFox and IE being locked in what is now an endless cycle of copying features and near-zero innovation.
garone
says:
Hey, this is Geoffrey, the other founder of Flock chiming in. I want to say thanks to the Flock fans on this thread. Also, the board asked Bart to transition to the role of Chairman so that we could grow the company to its next phase with a CEO more experienced in doing so. The truth is that Flock has raised more than the amount quoted in the original article. In fact, we have sufficient money in the bank to run the company for at least two years and DO have a search deal in place. So, if you are a fan of Flock's, stay tuned, there some exciting times ahead!
geofharries
says:
Flock makes money by selling its search toolbar results to Yahoo! and its brethren; producing branded browsers with its engine in place; and finally pulling in revenue when people sign up and send traffic to Flickr, Photobucket, Shadows, etc.
Can't be much money I suppose, but enough to get by it looks like - we'll see what happens when the investment cash runs out.
