This is what you'll hear on my ringback ironically.
Here’s the dealio... Ben and I started Jangl to bridge people on the web with their phones. We’ve built this capability contextually into the social web, have done the deals to distribute and evangelize it. That’s probably how you heard about Jangl in the first place.
We accomplished more than most companies do on the amount of money we raised and the time we spent on it. And in our opinion it needed another 18-24 months worth of runway to realize its fullest potential; but at the end of the day every venture capitalist has their own coefficient of venture. To that end, we took company forward into an M&A process. Unfortunately with much bigger things happening in the marketplace it turned out to be the worst time in a few years to be selling. We were just days from closing an M&A transaction which was going to mean good things for all involved. But there are more ways deals can blow up than there are ways for them to stick. So it blew up, and now the company is responding to acquisition interest. Ben and I resigned Tuesday and put our heads together to figure out how we can keep as many of our great team together, and still pursue our passion for being the web's phone.
The end result is Ben and I, along with five others have been acquired as a team into Jajah. They are signing lots of deals and want to sign even more, which is what I do, and they need those deals integrated which is what Ben does. It’s a perfect compliment, and in a fast growing environment, and with a great group of people. Jajah have obviously found a sustainable groove so we're going to round out their team and take this to the next level. We’ll have our best feet forward in terms of seeing our passion through, only with a different jersey on. (Hey, look what happened when Pau Gasol joined the Lakers...) Game on.
I want to publicly thank the people that have sweat right by me in the trenches at Jangl, especially: Tim Johnson for his relentless push of our news (he is off to creating a great agency so reach him at whitespinnaker at gmail dot com); Aaron Burcell for his loyalty, savvy, drinks and programatic prowess; Brian Longest for his noiseless thinking and execution; Azeem Butt for getting us on a dev schedule we should have been on years ago; Sue Flemming and Chris B for all the mad design skillz; Matt O for the details and chocolate rain; James Huie for doing 3 jobs in one; Neil Alarcon for holding down the back end; Matt Murillo for the beautiful front end work; Henry Muljono for the smiles and more great front end work; Yuriy & Alex for banging out releases; and finally Chris Hadsell from Cardinal for believing in my franchise every step of the way. I’ll miss you all and will see some of you sooner than later.
If anyone has any further questions, they can wait for the book:)
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