RescueTime CEO Tony Wright to step down, eyes next opportunity |
Connect with TechFlash on our Facebook page for all the latest technology news headlines and commentary, plus information and access to special events, photos from events, promotions and more.
Today On Techflash
- WTIA announces Industry Achievement Award finalists
- What's the most you'll pay for an app? Execs have their limits
- Apple seen unveiling iPad 3 in first week of March
- Paul Allen's Vulcan wants taller South Lake Union buildings
- Bezos loses $300M on Forbes' billionaire list
- Startup seeks a new start: What's next for EquaShip?
- UW opens New Ventures Facility for startups
- Apps for daily living: Executives name their favorites
- Check out this app: Executives list the ones they use most
- Microsoft, Apple speak out on patents amid mobile-technology wars
- Keiretsu Forum NW invested $24 million in 36 startups in 2011
- TechNet study: Washington third in 'app economy' jobs
- Pioneer Square: a little fiber to go with all that brick
- 'Fast Pitch Forum' to debut May 27 with some familiar names
- Pioneer Square: a little fiber to go with all that brick
- Startup seeks a new start: What's next for EquaShip?
- What's the most you'll pay for an app? Execs have their limits
- Keiretsu Forum NW invested $24 million in 36 startups in 2011
- Amazon, Apple make tech the new stable source of jobs in the U.S.
Mass High Tech
RescueTime CEO Tony Wright to step down, eyes next opportunity
Wright
RescueTime chief executive Tony Wright plans to step down from the 28-month-old company. The well known Seattle entrepreneur and blogger said he's not sure about his next move, though he cryptically adds that he has some ideas brewing.
"I will definitely be in the world of startups one way or another," Wright said. "My happiest times are on small, fast-moving teams. It's very hard to get that feeling at larger companies. Spinning up something new is definitely on my list of possibilities."
RescueTime was founded as a Y Combinator-backed startup in January 2008, with the company raising $875,000 from True Ventures, angel investor Mike Koss and others that summer. The company has developed an online service to track how people spend their time in front of computers, a service that has won it plenty of attention given the Orwellian implications.
Wright said he's leaving RescueTime at a period of strong growth, with quarterly revenue averaging 51 percent over the past four quarters. About 600 to 1000 users sign up for the product every day, with an increasing number of Fortune 500 companies signing on in order to get a better understanding of how their workforces function.
"The other side of our business, our data asset, is getting super interesting," he added. "We now have hundreds of millions of man hours of second by second attention data -- inside and outside of the browser."
Wright said he plans to continue to work on some select projects at the startup, but co-founder Joe Hruska will be stepping in as interim CEO. RescueTime also is working on a small acquisition.
Prior to RescueTime, Wright sold the Internet startup Jobby to Jobster in 2006. He plans to stay in Seattle. Here's more on how the RescueTime service works:
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
TechFlash Team
Recent Sponsor Posts
Who's creating today's energy efficient buildings? Find out at the BetterBricks Awards, Feb. 16
BetterBricks Awards salute the individuals leading the way for high performance commercial buildings with an emphasis on energy efficiency. Join us as we recognize these standout green building professionals.
Award categories include: Advocate; Architect/Designer; Facility Manager/Operator; and Owner/Developer.
Keynote Speaker: Kevin Kampschroer, Director of U.S. GSA's Office of Federal High Performance Buildings. Kevin leads the U.S. General Services Administration's efforts in building sustainability and accelerating industry adoption of sustainable principles across all aspects of a building's life.
Register here by February 10!
If you are interested in buying a table, email Monica Alquist or call her at 206-876-5404.
The Triple Door Presents: The Atomic Bombshells "J'ADORE!: A Burlesque Valentine"
Seattle's reigning Burlesque super-troupe delivers a gorgeous and glittering VALENTINE featuring some of the Bombshells' most exhilarating acts to date. J'Adore! promises to celebrate l'amour with good humor, style, and a healthy dose of dazzle! Bring a friend, a lover, a family member, or a secret crush, and celebrate with the Valentine's Burlesque spectacular that will leave you shouting: "J'ADORE......The Atomic Bombshells!" The incomparable Jasper McCann emcees with high style and charm.
Please visit www.thetripledoor.net for a full schedule of future performances.
The Triple Door Presents: Bob Mould – See A Little Light: An Evening of Reading and Music
"Bob Mould. Those two words are synonymous with integrity. From Husker Du in the last century to right at this moment, Bob is the real deal, writing and playing music for music's sake. He's a great songwriter and performer. I have been a fan of Bob's for thirty years now with no end in sight." -Henry Rollins
Please visit www.thetripledoor.net for a full schedule of future performances.
Why Choose BDO for your SOC (previously SAS 70) Reports?
BDO’s experience in providing attestation services (SAS 70/SSAE 16, AT 101, AT 201, AT 601, etc.) to a broad range of industries, and our team of skilled professionals distinctly qualifies us to serve as your company’s Service Auditor. By leveraging the BDO global network of control specialists, we are poised to provide global services in more than 1,000 offices and across 119 countries. Many organizations find that investing in reports on controls may result in benefits, including:
• Increased client confidence
• Improved competitive advantage
• Minimization of frequent audits
• Streamlined business processes and controls
• Enhanced risk management
For detailed information contact Paul Martini at pmartini@bdo.com.
