By Steve Outing
Backfence.com is a company I watch very closely. Its citizen media based networks of hyperlocal news sites is the geographic equivalent of my company’s network of citizen media based topical websites on various adventure and participant sports. So it’s with interest that I note that CEO Susan DeFife has resigned, citing differences with the company’s board of directors.
LocalInsider.com quotes DeFife: “Ultimately, we did not share the same strategic vision for the company as the Board of Directors.”
DeFife’s departure follows the recent resignation of co-founder Mark Potts, who did stay on the board. Now Potts returns to Backfence as interim CEO. In late 2005, Backfence raised $3 million in venture capital funding (SAS Investors and the Omidyar Network; the latter also is an investor in my company). The company recently laid off 12 of its 18 members.
Sounds like quite the drama was on stage over there. Good luck, Mark, in getting things settled down!