All Talk and No Tech: Is Pied Piper the Next Clinkle?

Since Jack “Action Jack” Barker exited the company last week, Pied Piper board member and Ravigamanaging partner Laurie Bream has met with a multitude of CEO candidates, making clear Raviga does not intend to waste their $10 million investment on the floundering startup. From wining and dining Bastian Lehmann at Wingtip to mint mojitos with Stewart Butterfield at Philz, Bream has not been shy about courting thevalley’s top CEOs. This week, her meeting with Dick Costolo at Contraband (with pour-over, of course) puts the respected VC’s list of potential CEOs well into the teens.

CEO Jack Barker Exits Pied Piper

Jack “Action Jack” Barker announced his resignation from the compression startup this week, stating he would be focusing on “spiritual wellness and family.” Via a Pied Piper press release, Barker continued: “The Pied Piper corporation is exceptionally well positioned to continue its growth as an industry leader. While a difficult personal decision, this is the right choice for me at this time. I will always cherish my time at Pied Piper and look forward to future challenges and opportunities.”

Gavin Belson Announces Deal to Acquire Endframe, a Middle-out Compression Platform Company, for $250 Million Dollars

Hooli’s CEO Gavin Belson announced today that the tech giant has reached an agreement to acquire the middle-out compression startup Endframe. The sale closed at $250 million, and Endframe’s team will take the place of Hooli’s recently-dissolved Nucleus project. While many speculated Hooli was removing itself from the middle-out space, Belson’s motives in dissolving Nucleus now appear to have been well calculated as he scoops up the hottest middle-out compression play on the market.

Palo Alto’s Newest Incubator Offers Smoothies, Pool Time

Nelson “Big Head” Bighetti was always meant to do big things, and since leaving Hooli XYZ, he’s started fostering the next generation of tech in his luxurious Palo Alto home. Clearly not ready to go on record, Bighetti refrained from calling the space an incubator, insisting, “It’s just where I live.” When I asked where would be a good space to do the interview, he even humbly joked, “What? Oh, I thought you just came in to use the bathroom.” I did use the bathroom, which of course had nothing less than a state-of-the-art Japanese toilet. But before that, I sat with the tech icon poolside, and we spoke about the demands of running an incubator, culture fit and how cool it is when your incubees succeed.

Maleant Meets Q2 Profit Expectations, CEO Calls the Numbers “Adequate”

 

Maleant Data System Solutions released its earnings report for the second quarter, meeting expectations with revenue of $620 million and diluted earnings per share of $0.41. These figures are up 1 percent from the same period last year. The increase is approximately equivalent to the US inflation rate for the past year, making these figures approximately equal to last year’s second fiscal quarter.

Seasoned Vet “Action Jack” Accepts Pied Piper CEO Position

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.

Head Dreamer of Hooli XYZ Resigns. Will Hooli Ever Dream Again?

Hooli lost a great mind today, as Nelson “Big Head” Bighetti announced his resignation as Head Dreamer of the Hooli XYZ division, stating he would be focusing on “spiritual wellness and family.” Via a Hooli press release, Bighetti continued: “The Hooli corporation is exceptionally well positioned to continue their growth as an industry leader. While a difficult personal decision, this is the right choice for me at this time. I will always cherish my time at Hooli and look forward to future challenges and opportunities.”