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My 2 featured articles for the week ending Jun. 8, 2007:

Archived blogs for the week of Jun. 18, 2007

1351 - Jun. 21, 2007 - 3.11 PM EST

Two other engineers are leaving Google

Various news reports today suggest that there are two more engineers at Google that have left the Googleplex. Apparently this time it is to join the venture capital firm Benchmark Capital.

Jim Norris and Bret Taylor, two of the best engineers behind Google Maps and a few other Google products, have joined the firm as “Entrepreneurs in Residence.”

Taylor was the overall project leader, while Norris was responsible for the server side of the product. Google Maps became hugely popular, one of the first to be syndicated widely across the Internet in the form of “mashups,” and is now stitched inside of tens of thousands of Web sites.

The two joined Google four years ago. While early enough to benefit them considerably in the IPO, it wasn’t enough to give them the many millions that earlier employees enjoyed. They’re likely to want help with venture backing for their company, they said.

The EIR arrangement lets the company build goodwill with entrepreneurs. In return, Benchmark expects entrepreneurs will look to Benchmark as their first source of funding.

But that requirement is not part of the contract, stresses Peter Fenton, a Benchmark partner. But they still said the move to Benchmark is really about the experience the firm offers. “It’s not about the money,” said Norris. While the pair are confident in their ability to build their idea, they want help learning what it takes to run a business, he said.

Like Cassidy, the two will be able to sit in on pitches made by other entrepreneurs to Benchmark. Read more...

Posted on Businessblog™

1350 - Jun. 19, 2007 - 5.56 PM EST

Yahoo's Terry Semel quits!

Yesterday, Yahoo CEO Terry Semel has quit as CEO, and will hand over the reins to co-founder Jerry Yang in the company's latest attempt to regain much-needed investor confidence.

However, Yahoo's board said that Semel will remain chairman in a non-executive capacity. Besides naming Yang as its new CEO, Yahoo appointed Susan Decker as its president. Some observers had expected that.

Decker, who had been recently promoted to oversee Yahoo's advertising operations, had widely been seen as Semel's heir apparent.

Yahoo announced the shake-up less than a week after Semel, 64, faced off with shareholders disillusioned with Yahoo's lackluster performance during the past year-and-a-half — a malaise that wasn't reflected in Semel's compensation. Read more...

Posted on Businessblog™

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