MITSUI INVESTS IN FEEDSTER... SCOTT RAFER LEAVES TO DO WIRELESS GIG
HatTip to TechCrunch. Interesting events playing out at Feedster. They get an undisclosed investment from Mitsui and Scott steps down.
"We are pleased to have Mitsui as an investor," says Chris Redlitz, Feedster’s Vice President, Sales and Marketing. "Feedster is already a market leader in blog search and content syndication. With this investment we continue to distance ourselves from the field and prepare for global expansion."
The Feedster PR quote was from Chris Redlitz, VP Sales & Marketing, not Scott Rafer, the CEO. That should have given everyone a clue as to the next piece of news, which followed a couple of hours later.
Scott is stepping down as CEO and the Feedster board is searching for his replacement. Scott is not wasting any time in starting something new - he became chairman of startup Wireless Ink today.
Scott, you created one of the founding pillars of web 2.0 and we salute you. Good luck with your travels and your new venture. (full post)