FLOCK NOT FLYING... BART DECREM STEPS DOWN

Private Equity Week reports how Bart Decrem, founder of Flock, has stepped down from his position as CEO. Flock tried to create a lot of buzz without substance in its early days about a year ago, and I remember hearing various stories on some of their team members' arrogance.  I'll probably write that off as lack of experience since I'm assuming many of them are first-time entrepreneurs.

Anyway, it's an obvious bad sign for a startup when their founder leaves in its early days.  It's either because he realizes Flock is a sinking ship and he's selfishly not going down with it or because the investors pushed him out due to their disappointment or lack of faith in his management skills.

Valleywag has more bits here.