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TokBox is a web-based video chat application that lets you set-up video chat channels with unregistered users in seconds. It is popular among social media users on Facebook and MySpace, as it allows you to embed video into your page. TechCrunch.com's article about TokBox hit on some interesting points.
Venture Capital Money:
The writer says $14M is a lot. Well, it is actually a normal amount as many Venture Capital Firms invest between $5M and $60M. The author should have made it more clear that with this economy that not as many start ups are receiving Venture Capital.
Yahoo's Part:
It is very common as Technology booms for employees to hop firms. Additionally, everyone knows Yahoo has struggled as Google continues to get stronger. I found that it was very telling that TokBox several months ago would target Yahoo's employees by scooping up talent through sending Food trucks to their location. Good job recruiting talent through the means of food.
Third CEO - "The Charm?":
Is it just me, but if a company burns through three CEO's in a short period of time, wouldn't you begin to think that this company has problems? I know I would!!!
Thus, firing 50% of the engineering staff could be a sign that either this company has:
- Done a thorough job of building out their product
- They have a flawed business model
- The economy is hurting them like the rest of small start ups
Yes, the economy is a huge roadblock, but when you are on your third CEO in a short history, and the original founders have vanished, wouldn't you think something is fishy?
