Joost, the Internet startup that wants to change everything about TV, has tapped Mike Volpi to be its new CEO. That name might be a familiar one to anyone who closely watched Cisco’s (CSCO) rise via acquisition sprees in the late 1990s. Volpi was a major deal maker in Silicon Valley back then, heading Cisco’s mergers and acquisitions for seven years. And he rose quickly at a very young age. An article from 1998 in the New York Times profiled Volpi at age 31 and dubbed him “the Cisco Whiz Kid.” There’s an amusing detail from that article about Volpi, who was born in Italy and raised in Japan:
So maybe Joost didn’t hire Volpi for his pop culture savvy. What might differentiate Joost from other online video offerings ultimately is that the company is planning to stick around–no getting bogged down by legal copyright battles, no chasing trends. The company wants to become the main repository for all television content. And we’re talking full-length shows, not just clips. To do that, Joost has already bagged Viacom (VIA) and Time Warner (TWX) as partners, and Volpi has his eye too on NBC, Disney (DIS), and the rest. The former whiz kid’s mastery of dealmaking should come in handy. Posted by Jia Lynn Yang 4:53 pm 7 Comments
Cisco has a proven history of embedding their executives in companies they will eventually acquire - probably Volpi’s style. Hmmm… I predict Cisco acquiring Joost in 12 months! Posted By Observer, Santa Clara, CA : June 6, 2007 2:17 pm
So you’re saying that we should be determining the business sense on if they’re familiar with American television or not? I hope not. Posted By drmike : June 6, 2007 9:33 am
I want to comment on your sentence “despite his first-class American higher education, Posted By gosha14 : June 5, 2007 11:30 pm
I’m more interested in how Joost will overcome the content licencing boundaries currently in place and become something people would want, than the new CEO not understanding who the Brady Bunch are. Posted By Ben : June 5, 2007 9:49 pm
It sounded cool, then I looked at the system draining requirements, and said get me the Joost outta here! Posted By outeasy : June 5, 2007 9:46 pm
Has someone checked out Damaka (www.damaka.com) They are already doing SIP based P2P video, IPTV, application sharing, desktop sharing, whiteboarding, IM, chat, audio calls, video calls, voice mail and all this end to end encrypted. So, how is Joost different than Damaka Posted By Boston : June 5, 2007 6:31 pm
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I am a Joost Beta Tester, and let me tell you that it is even better than they lead you to believe.
Right now the top-tier programming is a little sparse, but that will change in a few months’ time. (Can you imagine live NHL games free over Joost? I can and I’m giddily anticipating it.) The software sends the content as video-on-demand through their encrypted P2P network. So until some very gifted coder comes along, the intellectual property of their partners will stay secure. I do not own an AppleTV, but from what I have seen from product demos the GUI of Joost is just as slick and just as easy to navigate. The addition of “widgets” that add functionality and social interaction has made it an even richer experience. (Not to mention that they will soon release the code for them so users can make their own widgets, making it a social network in it’s own right.)
As to system’s issues, yes there can be some. And since it is a P2P system, it will use system resources even if you are not using it. This is the rule of thumb I have used in suggesting this service: the better your rig, the better time you will have. However, about the only thing it really demands is processor speed. I’ve tried it on two computers and each one was lacking something (a desktop that had negligible video memory, and a laptop that had too little RAM) and each worked fine. There was a little stutter problem, but since the newest beta (Joost for Friends) was released, that has all but disappeared.
Even though it’s ad-supported, you see much fewer ads than on traditional TV. They promise that will continue, even when they leave the beta state, but we’ll see. It does make logical sense, but anything can change once this goes big time.
Really, I only have one problem with Joost. They don’t currently have an open-source program set. I hope they remedy this soon for two reasons. First, with the amount of early adopters running a version of Linux OS, that would be a good group for Joost to woo. Second, and most important in my opinion, it would be much easier to migrate to a Set Top Box system if they had a F/OSS distribution, due to the ubiquity and price differential of embedded Linux OS on that type of system. Only when they offer a STB will it reach truly deep market penetration. And hopefully in the not-so-distant future they will. I personally am putting together a computer to connect to my television in the family room to Joost. But not everyone has that level of determination or the correct knowledge base to make that an easy project to jump into.
Overall, I think that Joost has solved most of the problems now interfering with other TV over Internet proposals. Plus, they got started on their program in a quicker timescale than other competitors. So it seems that they have the ability to capitalize on this regime-change in television before the rest of the competition realizes what is going on. And you’d be hard-pressed to find fault with the creator’s pedigree. (Kazaa and Skype, among others.) I have digital cable, and the video-on-demand software is so slow and kludgy you could almost write an SNL skit about it. I personally hope Joost does well because I enjoy even the thought of not paying for TV, let alone the immersive experience they bring to the table. And maybe soon the couch.