Press for General Catalyst
Mobile ad network Jumptapswitched out CEOs today, hiring venture capitalist George Bell as its new chief executive. Based on a few quick conversations with industry sources, it appears that things aren't very rosy at Jumptap, and that Bell is stepping in to make sure General Catalyst's investment in Jumptap doesn't go down the drain.
Jumptap, the leading provider of mobile advertising solutions, today announced that George Bell has been appointed CEO and member of the Board of Directors. Former CEO Dan Olschwang will remain on the Jumptap Board.
Sunday's Globe column focused on Rue La La, one of the most successful e-commerce companies to come out of Boston since... well, ever? The company was acquired last year for a sum that could hit $350 million if the company meets certain milestones, and it'll hire more than 100 people in Boston this year.