Late last month, Mike Volpi was replaced as CEO of Joost, but remains as Chairman. Another position that Volpi will be taking since his CEO duties have been relieved is partner at Index Ventures as AllThingsD revealed in an interview. Index Ventures invested $45 million in Joost several years ago and Joost brought in Volpi, a former Cisco exec as the CEO.
Index Ventures participated in a $45 million round in Joost a couple of years ago. Volpi will be working out of the London office at Index. ?In a market downturn, it is a good time to invest,? stated Volpi. ?There are a lot of great opportunities out there now.?