The end of the b5media era

July 28, 2009 — 15 Comments

As we reported on The Inquisitr earlier today, b5media CEO Jeremy Wright has left the company (although he still sits on the board.)

Although Darren Rowse is still officially there, his bio on the b5media employee list states only that he’s a founder, and having spoken to him previously, and watched him build a brilliant network of his own sites, I’d think that he has little to no involvement in the everyday running of the company.

On that basis, it’s the end of the original b5media era, at least as the company Jeremy, Darren and I originally founded.

To some degree I’m a little sad. Certainly having read Jeremy’s reasons for leaving I’m sympathetic to his plight. The three of us (well, there was 5 originally, hence the b5, one of the 5 was Paul Short, who I’m happy to say works with me at The Inquisitr now) started the company with the best of intentions. Individually we had all achieved, but together we thought we could do better. b5media looks nothing like it once was today, but along the way it has done some great things, and enabled and funded some great writers as well.

I’m still legally restrained on talking about the early days, but there’s nothing in that paperwork that says that I can’t speculate on the company today. I don’t know the new CEO at all, but I’ve done some reasonable background reading, and I can come to only one conclusion: she was parachuted in by the VC’s to prep the company for sale. Whether she’s up to the task I don’t know, but with the three year anniversary of the first funding round coming up, both investors will undoubetedly be starting to look for an exit in the next 12-24 months.

For a long time I wasn’t particularly a happy camper about the circumstance under which I left b5media, but that’s a long time ago now. It was a stepping stone to something better for me, and in many ways today I’m happy that things worked out the way it did.

Farewell b5media, we loved you so.