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by jjoe 4623 days ago
What about your CEO/co-founder Demian Sellfors?

Demian’s succession plan has been a long time in the making. In fact, Demian engineered the company’s strategy resulting in this acquisition. About a year and a half ago. Demian handpicked Russell P. Reeder to run the company. Both have been intimately involved with this acquisition. Demian will be shifting his focus to other projects, but his dream for (mt) to be the most trusted company in the world is still very much alive.

What about the other co-founder, John Carey?

John Carey, (mt)’s co-founder and CFO, is transitioning out of (mt) as part of the acquisition. He has also been intimately involved with the strategy as well. This is something he’s been planning for and thinking about for some time.

1 comments

This is the most revealing part of the press release. The founders wanted to cash out. Let's not pretend this acquisition has everyone's best interests at heart. It only benefits GoDaddy and MT's founders, everyone else gets to witness the end of MT.
They're sticking with virb. Check out http://blog.virb.com/post/64122176288/big-news-from-virb
This right here is the real story, I'm guessing. Can't say I blame them either. They probably wanted to move on and needed a soft landing spot for (mt). So after months of shopping around, GoDaddy perhaps made the sweetest deal.

Congrats to Virb and the founders next chapter there! This is the first I've heard of it and it sounds like a pretty neat service.

And good luck the team left at (mt) for managing what is going to be quite a storm of negative sentiment and customer departures.

Not so coincidentally placed at the end of the FAQ. But I'm certain they've both sacrificed a lot throughout the years. That's almost 16 non-stop years of running MT. It's a well deserved break in my opinion.