Mike Volpi is no longer Joost’s Chairman, Silicon Alley Insider has confirmed. In June, Volpi resigned his position as CEO of the failed web TV startup and became a venture partner at Index Ventures, an investor in Joost.
Volpi’s role at Index gets a little more interesting as his firm is one of the investors acquiring Skype from eBay and both Joost and Skype were founded by Janus Friis and Niklas Zennstrom (who are in a legal tussle with eBay). For background on the Skype situation, you can learn more here and here.
We have followed Joost’s tortured history from rising star to the hollowed husk of its former self. This summer, realizing the premium content game was lost to rivals like Hulu, Joost switched strategies to become a white-label video provider (because what the online video world needs is another one of those). And just last week, the company’s CTO, Jason Gaedtke, left the startup to join Time Warner Cable.