Kevin Newcomb jumps on the news that pretty much all the Zunch management have left the company to start Kinetic Results.
Why did they leave?
Kinetic Results gives the official reason for the exodus as “significant philosophical differences.” Zunch’s CEO says the departures came as part of a streamlining of the business following recent growth.
They stole my reason!!!
The article goes on to highlight my departure from WebSourced…
Andy Beal, former VP of marketing at WebSourced, packed his bags in July to launch Fortune Interactive late last month.
In other parallels, Beal also cited philosophical differences with his former employer, and the need for more flexible search firms. Fortune Interactive plans to explore several niches within search, including the use of blogs and RSS as marketing channels. Fortune will also focus on providing premium customer service.
“The industry continues to grow at a phenomenal rate and there are many niches that are waiting to be filled,” Beal told ClickZ News. “Many search engine marketers are seeing the landscape shifting and realizing that they can fulfill a need by starting their own company.”
So did we get the predictions wrong at the start of this year? Not so much M&A activity in the SEM space, but a lot of execs leaving to go elsewhere. I’ll bet we see at least one more spin-off before the year is out.