Nelson “Big Head” Bighetti has joined forces with his old friend Erlich Bachman to form Bachmanity Capital, a microfund set to become “the Uber of VC firms, sure to be on the level—nay above—the likes of Greylock, Andreessen Horowitz et cetera and so forth.”
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.
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.”
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.
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 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.
This is The Pit stop’s Time Machine, where we put aside our newfangled iPads and HooliPhones and take a look at the men and women who came before us. In this month’s edition, we’re taking a look at Gavin Belson, Hooli’s founder and chief innovation officer.
Name: Gavin Belson
Born: March 15, 1972
Companies: VidClone Graphics, Hooli
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.
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.”
Gavin Belson announced this week that Hooli’s long-suffering Nucleus project has been retired. Despite a significant amount of hype and press, the compression platform never had an official launch, and the division will be dissolved. Hooli looks forward to “continued innovation in other spheres, as innovative as the sphere itself.”