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.
Steve Jobs
iPad Was a Hoax, Admits Apple
Steve Jobs admitted today that the iPad was a hoax intended to demonstrate his company’s unprecedented marketing prowess. “We mocked the whole thing up in Photoshop,” Jobs told reporters during an 8 AM conference call. “While we assumed that the so-called social media world would embrace anything we announced, we were shocked that the technology and business press didn’t expose our game.”
