When a company gets a new CEO, it can be a good thing or a bad thing, but when the new CEO was educated at Harvard and MIT, and worked at Adobe and Cisco, it’s probably a great thing. Even better since the new CEO - Eugene Lee - is getting a fresh $9.5 million to play with at Socialtext.
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SAP, Draper Fisher Jurvetson, and Omidyar participated in the Series C funding round that brought in the cash, according to
Also, in relation to the change in CEO, we should point out that Lee’s replacement of Ross Mayfield was planned - Mayfield himself started
At the moment, I can only think of one: update the “
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Socialtext Gets $9.5 Million And New CEO
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