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	<title>Stephen Foskett, Pack Rat &#187; Panasas Archives  &#8211; Stephen Foskett, Pack Rat</title>
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	<description>Understanding the accumulation of data</description>
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		<title>The CEO Shuffle</title>
		<link>http://blog.fosketts.net/2010/04/22/ceo-shuffle/</link>
		<comments>http://blog.fosketts.net/2010/04/22/ceo-shuffle/#comments</comments>
		<pubDate>Thu, 22 Apr 2010 14:59:43 +0000</pubDate>
		<dc:creator>Stephen</dc:creator>
				<category><![CDATA[Computer History]]></category>
		<category><![CDATA[Enterprise storage]]></category>
		<category><![CDATA[Everything]]></category>
		<category><![CDATA[Personal]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Bill Gates]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[CTO]]></category>
		<category><![CDATA[EMC]]></category>
		<category><![CDATA[founder]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Panasas]]></category>
		<category><![CDATA[ParaScale]]></category>
		<category><![CDATA[Richard Egan]]></category>
		<category><![CDATA[startup]]></category>
		<category><![CDATA[Steve Jobs]]></category>

		<guid isPermaLink="false">http://blog.fosketts.net/?p=2991</guid>
		<description><![CDATA[It's an old story: Hot startups are created by clever technologists, but it takes a different kind of leadership to really hit the big time. Many of today's smaller companies are following this well-worn path, with both Panasas and ParaScale this week replacing their CEOs with industry veterans. These changes show that the investors in these businesses are looking either for a path to growth or an exit as the economy improves.]]></description>
			<content:encoded><![CDATA[<p>It&#8217;s an old story: Hot startups are created by clever technologists, but it takes a different kind of leadership to really hit the big time. Many of today&#8217;s smaller companies are following this well-worn path, with <a href="http://gestaltit.com/featured/top/stephen/panasas-parascale-shuffle-ceos-growth/"  target="_blank">both Panasas and ParaScale this week replacing their CEOs</a> with industry veterans. These changes show that the investors in these businesses are looking either for a path to growth or an exit as the economy improves.</p>
<p>The multitude of early CEOs swapped out their for industry pros make the exceptions stand out: Bill Gates&#8217; amazing stint at Microsoft and Apple&#8217;s birth and rebirth with Steve Jobs are legend. The storage industry has similar Cinderella stories of its own, but Richard Egan&#8217;s 22 years at EMC, growing that company from furniture reseller to industry titan, is perhaps best-known.</p>
<p>Although these &#8220;American Dream&#8221; stories are attractive to entrepreneurs, most IT companies follow quite a different path:</p>
<ol>
<li><strong>The Founder&#8217;s Circle</strong> &#8211; A few visionaries get together around an idea and form a proto-company. They write some code, bolt together some hardware, and call their friends to be beta customers. Maybe they even raise a bit of cash, but no real money comes in at this stage.</li>
<li><strong>Building A Real Business</strong> &#8211; The Smart Guys realize they don&#8217;t have the business acumen to really make a go of it, so they bring in some skills. Maybe the head smartie steps aside to become CTO, allowing a trusted partner to take over as CEO. A veteran VP of Sales comes along, too, and the investors pony up seven or eight figures.</li>
<li><strong>Stuck In The Middle With You</strong> &#8211; Two years later and the business hasn&#8217;t grown. The hot-shot VP of Sales is long gone, as are all of his guys, leaving only their expense reports behind. The board is getting nervous, but they are sticking with it thanks to positive customer news.</li>
<li><strong>The CEO Shuffle</strong> &#8211; The investors are tired of waiting so they go looking for &#8220;someone to take it to the next level.&#8221; Maybe they know just the right person, or maybe a friend of a friend plays golf with a guy who used to run a company something like this that went public. Either way, the early CEO is moved aside (or moved out) and the press releases flow.</li>
<li><strong>Up, Out, or Repeat</strong> &#8211; The bets are placed and the cards are drawn, but there isn&#8217;t always a verdict. Sometimes the business grows like crazy, maybe even going public. Other times the new guy sells it, maybe to some of his old friends. But more likely the veteran team can&#8217;t make it work after all, and the company returns to step 3 or fizzles out due to a lack of funding.</li>
</ol>
<p>This tale may sound cynical, but it&#8217;s actually perfectly reasonable. Even healthy. No one knows what is going to work, and the process is an efficient way of proving out a business.</p>
<div id="crp_related"><h3>You might also want to read these other posts...</h3><ul><li><a href="http://blog.fosketts.net/2009/05/04/business-development-time/"  rel="bookmark" class="crp_title">All Business Development All The Time!</a></li><li><a href="http://blog.fosketts.net/2008/12/18/give-microfinance/"  rel="bookmark" class="crp_title">My Holiday Gift Recommendation: Microfinance</a></li><li><a href="http://blog.fosketts.net/2010/10/18/falconstor-overland-sepaton-acquisition/"  rel="bookmark" class="crp_title">Why FalconStor, Overland, and Sepaton Ought To Be Acquired Before Isilon</a></li><li><a href="http://blog.fosketts.net/2010/05/10/emc-post-infrastructure-future/"  rel="bookmark" class="crp_title">EMC&#8217;s Tough Road to the Post-Infrastructure Future</a></li><li><a href="http://blog.fosketts.net/2009/03/25/email-archiving-roi/"  rel="bookmark" class="crp_title">Is There A Real ROI For Email Archiving?</a></li></ul></div><script src="http://feeds.feedburner.com/~s/sfoskett?i=http://blog.fosketts.net/2010/04/22/ceo-shuffle/" type="text/javascript" charset="utf-8"></script><hr />
<p><small>© sfoskett for <a href="http://blog.fosketts.net">Stephen Foskett, Pack Rat</a>, 2010. |
<a href="http://blog.fosketts.net/2010/04/22/ceo-shuffle/">The CEO Shuffle</a>
<br/>
This post was categorized as <a href="http://blog.fosketts.net/category/everything/computerhistory/" title="View all posts in Computer History" rel="category tag">Computer History</a>, <a href="http://blog.fosketts.net/category/everything/enterprisestorage/" title="View all posts in Enterprise storage" rel="category tag">Enterprise storage</a>, <a href="http://blog.fosketts.net/category/everything/" title="View all posts in Everything" rel="category tag">Everything</a>, <a href="http://blog.fosketts.net/category/everything/personal/" title="View all posts in Personal" rel="category tag">Personal</a>. Each of my categories has its own feed if you'd like to filter out or focus on posts like this.<br/>
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		<title>Garth Gibson: Still Relevant After All These Years</title>
		<link>http://blog.fosketts.net/2007/08/13/garth-gibson-still-relevant-after-all-these-years/</link>
		<comments>http://blog.fosketts.net/2007/08/13/garth-gibson-still-relevant-after-all-these-years/#comments</comments>
		<pubDate>Mon, 13 Aug 2007 20:00:58 +0000</pubDate>
		<dc:creator>Stephen</dc:creator>
				<category><![CDATA[Computer History]]></category>
		<category><![CDATA[Enterprise storage]]></category>
		<category><![CDATA[Panasas]]></category>
		<category><![CDATA[pNFS]]></category>
		<category><![CDATA[RAID]]></category>
		<category><![CDATA[RAID 6]]></category>

		<guid isPermaLink="false">http://blog.fosketts.net/2007/08/13/garth-gibson-still-relevant-after-all-these-years/</guid>
		<description><![CDATA[Garth Gibson, author of the seminal paper which presented the redundant array of inexpensive independent disks (RAID) to the world, has a nice quick interview over at eWeek. It&#8217;s worth a read, since Gibson&#8217;s long been on the forefront of storage tech. He talks about how parallel NFS (pNFS) is set to trickle down to [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.cs.cmu.edu/~garth/"  target="_blank">Garth Gibson</a>, author of the seminal paper which presented the redundant array of <strike>inexpensive</strike> independent disks (RAID) to the world, has a nice quick interview <a href="http://www.eweek.com/article2/0,1895,2168821,00.asp"  target="_blank">over at eWeek</a>. It&#8217;s worth a read, since Gibson&#8217;s long been on the forefront of storage tech.</p>
<p>He talks about how parallel NFS (pNFS) is set to trickle down to the enterprise from the high-performance compute labs.  It&#8217;s always amusing to me to think of things trickling <em>down</em> to the enterprise storage market, but in this case he&#8217;s right &#8211; massive clusters (and <a href="http://panasas.com/"  target="_blank">Panasas</a> for that matter) have yet to make much of a mark on the enterprise computing world.</p>
<p>He goes on to talk about how escalating disk capacity has lead to unacceptable rebuild times in RAID sets.  You tell &#8216;em, Garth!  Apparently, he&#8217;s been beating the multiple-parity drum since 1989 (!?!) &#8211; I hadn&#8217;t realized that RAID 6 was that old, since it&#8217;s not in <a rel="nofollow" href="http://www.google.com/url?sa=t&amp;ct=res&amp;cd=1&amp;url=http%3A%2F%2Fwww.cs.cmu.edu%2F~garth%2FRAIDpaper%2FPatterson88.pdf&amp;ei=YaDARsjWL4a8iAGl4rTxBg&amp;usg=AFQjCNF4cOP0PlhUMcGUZ60sMQiPB5pJFg&amp;sig2=uhR9FKbZpZsUU0rIrpRy-w"  target="_blank">the paper</a>, but he claims they invented it, too, way back when.  Who am I to contradict the <a rel="nofollow" href="http://en.wikipedia.org/wiki/Robert_Metcalfe"  target="_blank">Bob Metcalfe</a> of storage?</p>
<div id="crp_related"><h3>You might also want to read these other posts...</h3><ul><li><a href="http://blog.fosketts.net/2008/09/14/turning-page-raid/"  rel="bookmark" class="crp_title">Turning the Page on RAID</a></li><li><a href="http://blog.fosketts.net/2010/08/25/4-horsemen-spindles/"  rel="bookmark" class="crp_title">The Four Horsemen of Storage System Performance: The Rule of Spindles</a></li><li><a href="http://blog.fosketts.net/2009/08/14/2-tb-enterprise-drives/"  rel="bookmark" class="crp_title">2 TB Enterprise Drives Are Here?</a></li><li><a href="http://blog.fosketts.net/2008/11/08/flash-forward-flash-back/"  rel="bookmark" class="crp_title">Flash Forward or Flash Back?</a></li><li><a href="http://blog.fosketts.net/2009/10/19/flush-time/"  rel="bookmark" class="crp_title">Flush Time</a></li></ul></div><script src="http://feeds.feedburner.com/~s/sfoskett?i=http://blog.fosketts.net/2007/08/13/garth-gibson-still-relevant-after-all-these-years/" type="text/javascript" charset="utf-8"></script><hr />
<p><small>© sfoskett for <a href="http://blog.fosketts.net">Stephen Foskett, Pack Rat</a>, 2007. |
<a href="http://blog.fosketts.net/2007/08/13/garth-gibson-still-relevant-after-all-these-years/">Garth Gibson: Still Relevant After All These Years</a>
<br/>
This post was categorized as <a href="http://blog.fosketts.net/category/everything/computerhistory/" title="View all posts in Computer History" rel="category tag">Computer History</a>, <a href="http://blog.fosketts.net/category/everything/enterprisestorage/" title="View all posts in Enterprise storage" rel="category tag">Enterprise storage</a>. Each of my categories has its own feed if you'd like to filter out or focus on posts like this.<br/>
</small></p>]]></content:encoded>
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