Tonight I got together with a bunch of industry peers (currently working at places such as RedHat/jBoss, WS02, MySpace, and BrightIdeas) to discuss leadership, and how the lack of leadership in a company can turn a great idea, excellent technology, and a solid group of passionate people into... well... nothing.
That being said, the company we were focusing on in particular has recently helped renew my faith in the Venture Capital system, as the CEO was demoted to CMO (chief marginalized officer) to make way for someone with hopefully a shred of leadership potential.
I hope that this company can turn itself around and that this fixes its leadership vacuum.
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