Pinterest Co-Founder Sciarra Steps Down

Pinterest Co-Founder Sciarra Steps Down
Market News
Like Us On Facebook
Like Us On Facebook

Well, big changes on the horizon for Pinterest! We’ve confirmed with our own independent sources this Startup Grind report that Pinterest co-founder Paul Sciarra is leaving the startup. And it’s complicated: While Sciarra, who took a six week hiatus from pinning and company matters a few weeks back, is listed on the company’s SEC documents as CEO, it is co-founder Ben Silbermann who through his actions unofficially took on that role.

Silberman was so convincing that press had already bestowed on him the CEO title, though the truth is that both he and Sciarra co-ran the company until last Friday. Pinterest’s third co-founder Evan Sharp focuses on product and design along with colleague Justin Edmund.

With Sciarra’s departure, Silbermann will become Pinterest’s official (and only) CEO. We’re hearing that Sciarra isn’t clear on what he’ll do next, and may be considering an EIR role at a top tier VC firm. Pinterest has thus far raised $35.7 million from Andreessen Horowitz, Bessemer, Ron Conwayand others, so we’re sure he’ll have the pick of the litter.

Update: Sciarra’s now confirmed that he’s becoming entrepreneur-in-residence at Andreessen Horowitz.

We’re also hearing that the Pinterest team has been heads down during the past couple of weeks, preparing for some modest short-term product launches as well as more ambitious long term ones. Is the long rumored iPad app and public API fast approaching?

Tech Crunch

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In Market News

News Preston Waters

Stocks Off to Stellar Start in May

Stocks were kicking off May in high style Tuesday, posting sharp gains after a much better-than-expected report on U.S. manufacturing activity. The Dow Jones Industrial Average was rising 103 points, or 0.8%, at 13,317, after hitting a four-year high at 13,338. The S&P 500 was up 14 points, or 1%, at 1413, and the Nasdaq was adding 23 points, or 0.7%, at […]

News Preston Waters

Bank Of America, JPMorgan: Dow Midday Movers

U.S. stocks were rising in midday action Tuesday following a better-than-expected read on U.S. manufacturing activity.The Dow Jones Industrial Average was up more than 116 points, or 0.9%, at 13,330. The biggest percentage gainers within the Dow were Bank of America (BAC), JPMorgan Chase (JPM) and Intel (INTC). Shares of Bank of America rose 2.59% to $8.32. The bank said Tuesday it plans to lay […]

News Preston Waters

Monster Stocks Soar Amid Rumors Coca-Cola Is Set To Buy Energy Drink

Monster Beverage Corp’s shares soared on Monday following a report that Coca-Cola Co. was considering buying the energy drink maker. The Wall Street Journal cited unnamed people in reporting that the world’s biggest soft drink maker was in talks to buy Monster. If a deal transpired, Monster would be Coca-Cola’s largest brand acquisition ever. Monster declined […]

News Preston Waters

Stocks Surge After Strong Manufacturing Report

Stocks were surging in morning action Tuesday after a much better-than-expected report on the pace of national manufacturing activity in April.The Dow Jones Industrial Average was rising 80 points, or 0.6%, at 13,294. The S&P 500 was up 12 points, or 0.8%, at 1410, and the Nasdaq was adding 29 points, or 1%, at 3075. Stocks finished modestly lower Monday, marking […]

News Preston Waters

Bank Of America Keeps Shrinking

Bank of America (BAC)’s plan to lay off some of its highest-paid executives looks like the right response to the current banking environment. The Wall Street Journal reported Tuesday the bank will cut 2,000 positions in its investment banking, commercial banking and non-U.S. wealth-management units targeting “the high-earning employees whose efforts helped Merrill Lynch account for the bulk of […]

News Preston Waters

Stock Market Story: May 1

The first trading day of May got off to a mixed start early Tuesday with all three major U.S. equity indices honing to close to the flat line ahead of a key report on the pace of U.S. manufacturing activity in April. The Dow Jones Industrial Average was down 9.5 points, or 0.07%, at 13,204.The S&P 500 was up less than a […]

Also On Elite

Humor

The Czech Republic Has A Brilliant Strategy To Prevent Public Urination (Photo)

The world has made some impressive progress over the past few centuries when it comes to bathroom-related technologies, but there are still some people who simply refuse to stop using the world as their toilet. It might be convenient to drop your pants and relieve yourself on any wall that strikes your fancy, but such […]

Sports

5 Super Bowl Facts That Will Change Your Mind About The New Pay-To-Play Scheme

The shortlist for potential halftime performers at Super Bowl XLIX (49th, if your primary language isn’t Latin) was recently announced and it includes the usual suspects: Coldplay, Katy Perry and Rihanna, among others. The NFL has reportedly asked some people on the shortlist if they’d be willing to pay to perform at the event, or at […]

Humor

Legend Tries To Convince Prostitutes In Amsterdam To Pay Him For Sex (Video)

Prostitution has been an occupation almost as long as occupations have been a thing, largely because the concept is so simple: someone wants sex, another person offers it in exchange for something, and suddenly you’ve invented capitalism. Traditionally, the people paying for sex are doing so because they have trouble finding someone willing to do […]

World

Sleep Drunkenness Is An Actual Disorder And You Probably Suffer From It

If you hit the snooze button about 10 times before falling back asleep and missing work entirely, you probably suffer from sleep drunkenness. Although the term sounds a bit like a joke among college students, researchers have discovered that the previously undiagnosed disorder affects one in seven adults. A new study by researchers at the […]