In a thrilling change up, the Pied Piper board has transitioned founder Richard Hendricks to the CTO role, as veteran CEO Jack “Action Jack” Barker steps up to the plate. The compression startup company has risen to new heights since they came onto the scene with a big TechCrunch Disrupt win—and an even bigger Weissman score of 5.2. That win was just the start for a company that could truly make the world a better place.
Hendricks voiced his enthusiastic support of the new CEO via a statement in a Pied Piper press release: “When I was told I had the chance to work with a CEO of Jack’s caliber, I jumped at the opportunity. I look forward to devoting my full focus to our great tech and working with Jack Barker to build unparalleled compression software.”
While Pied Piper has had its setbacks—Hooli sued the small startup over IP ownership, and there was a questionable investment by angel investor Russ Hanneman—the plucky startup came out on top, legally being awarded ownership of Hendricks’ groundbreaking algorithm and getting a full Series A round of funding from Raviga. That Series A was at $5 million on a $50 million valuation, and Pied Piper’s tenacity indicates we could have a unicorn on our hands—or even a decacorn, compressed in size?
A seasoned tech CEO who survived the first dot-com boom and bust, Barker is known for his past leadership as CEO of Entercross Systems, which famously IPO’d in 1998 at $1.4 billion, and then as CEO at Turnwire, which sold to Microsoft for $2 billion in 2003. Any startup would be thrilled to have his wisdom and experience—it’s no wonder Hendricks is happy to have Action Jack on the team.