Joost Is Further Fading Into Irrelevance
PULSE2.COM - Joost was started by Niklas Zennström and Janus Friis back in October 2006. The company raised about $45 million in funding shortly after starting up. Investors included Sequoia Capital, Index Ventures, Viacom, CBS and Li Ka-shing. Joost killed off their desktop application and became purely a web service in September 2008. Joost announced that they have replaced former CEO Mike Volpi....
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