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The new capital values the company at more than $450 million post-money, and CEO Jyoti Bansal — who’s also the cofounder of BIG Labs and Unusual Ventures — says that it’ll be put toward product development, recruitment, and customer acquisition.
Prior to cofounding Observable, Burton served as the SVP of product and services marketing at Oracle; was group president of Symantec’s enterprise security and data management division; headed EMC’s products group as president; and was chief marketing officer at Dell. It brings the company’s total capital to date to $114.5
Far too often, technical CEOs who have brilliant ideas cannot execute on them, leading to their replacement by seasoned CEOs. After interviewing a few external candidates, I often see founders go with the familiar option, choosing the cofounder or early employee who is like-minded. Avoid being in their business every day.
He was the VP of Engineering at Stitch Fix, Director of Engineering for the Google App Engine, the CTO and cofounder of Shoplilly, and the Chief Engineer at eBay, among other leadership positions. He references the old idea that if you’re not a little embarrassed by your release, you waited too long to release it.
“[I] previously cofounded Ooyala and served as their CTO for eight years … From that experience, it was clear that every company was rapidly becoming a data company, and that there was a tremendous shortage of talent available to assist companies on their journey,” Knapp told TechCrunch in an email interview.
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