BitTorrent Changes Management

P2P technology comes with many uncertainties regardless the peak it’s at these days – the fact that it doesn’t represent a business model in itself combined with a poor management shows us a bad case of p2p business.

BitTorrent, the San Francisco-based company built around the delivery of rich media on the Web has come to another crossroad after trying its luck as an entertainment network and then as a white-label service provider to third parties. Yesterday, the company announced Eric Klinker as the company's new appointed chief executive officer (CEO).

This comes after Ashwin Navin, the co-founder of the BitTorrent, gave up his presidential position and is now focusing on starting up a new venture with YouTube co-founder Steven Chen. The CEO Douglas Walker, who has only occupied the job for a year, left as well.

Ping Li, partner at Accel Partners and BitTorrent board member explained the choice:"Eric is the right leader for BitTorrent. Eric possesses the right combination of technology expertise and management experience. As a known innovator, he has what it takes to maintain, if not enhance, BitTorrent's status as the world's leading P2P technology provider and to drive even greater value for its global community of users, including end consumers, software developers, content publishers, hardware manufacturers, and Internet Service Providers (ISPs)."

BitTorrent has managed to raise almost $46 million in funding to date but recently laid off half of its employees. We’ll just have to wait and see what this new management will bring to the company.

"BitTorrent has revolutionized the way publishers and users distribute and consume rich media on the Internet and has an active user community with an install base north of 170 million clients around the world," Eric Klinker, new CEO of BitTorrent, Inc declared. "In my new role, I look forward to working with our management team to further propel BitTorrent's technology adoption, capitalize on the company's growth opportunities, and drive value for our robust ecosystem of partners, which includes consumers, content owners, hardware makers, software developers and network operators."