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Tag: Greylock Partners

  • Jelly Raises New Funding From Greylock

    Jelly announced that it has secured a new Series B round of funding with Greylock Partners, and that partner Josh Elman, who worked as a product lead at Twitter, has joined Jelly’s board.

    This follows Series A funding last year led by Spark Capital and including Greylock’s Reid Hoffman.

    “Jelly is a small team with modest capital requirements and we intend to keep things that way while growing a global service that changes how we find answers,” said Jelly CEO Biz Stone. “This partnership with Greylock means more time to focus on improving Jelly along with some talented and helpful folks on our Board of Directors.”

    “Our aspiration is to create a new way to search and to make it easy for people to help one another,” Stone added. “The decision to partner with Greylock along with the continued support of Spark Capital is an affirmation of our commitment to build a product, and a company, of enduring value for years to come.”

    Maybe they have more to spend on that “Jelly” Twitter handle now too.

    While Jelly may be looking to keep its team small, it is looking to grow it to some degree. It’s currently accepting resumĂ©s.

    Stone went on Bloomberg TV earlier this week, and discussed plans for Jelly, which will probably include a search feature, and possibly a search-based means of revenue.

    He also said that Jelly had twice as many accounts in three days as Twitter had in its first year.

    On Twitter, Jelly continues to share various ways the app is “helping” people:

    Image via Google Play

  • Mozilla CEO to Go Back to Roots as Chrome Gains Market Share

    Mozilla CEO John Lilly dropped a bomb late yesterday in announcing that he would be stepping down from his position. The news came just after Mozilla revealed its early product plan for Firefox 4, in which it placed great emphasis on speed and HTML5 support – two of the big selling points for competing browser Google Chrome.

    In fact, the news also comes as Chrome continues to steadily gain market share in the browser space. Lilly wrote a note about his pending resignation, however, that expresses his continued dedication to Mozilla and Firefox, even as he gives up the lead position. He wrote:

    I’m in no rush, and the most important thing to me is to build the strongest Mozilla we can, with the best leadership possible. So my plan is to stay through that transition — we’re starting a CEO search now, and plan to do it in as transparent a way as possible — which means I’ll continue in my CEO role as normal for several more months, at least.

    I’ll have more to say on the transition as we figure things out more clearly, but for now, business as usual. We’ve got Firefox 4 to ship, and Firefox on multiple mobile platforms. We’ve got our web services like Weave to stand up and make available to millions of users.

    Firefox 4: fast, powerful and empowering

    Lilly’s heart is in funding startups, and this is the main reason he has chosen to step down from his post, according to his letter. He says he’s "always been a startup guy at heart" and that the Mozilla gig was originally supposed to be a "quick volunteer effort". He intends to join Greylock Partners as a Venture Partner, and will work on investing in startups from there.

    Lilly plans to remain on Mozilla’s Board of Directors.