Kennelly, who is NBT's president and CEO, was previously EVP and CFO of Inktomi. Prior to Inktomi, he served in executive positions at Sybase Corp. (Nasdaq: SYBS), Oracle Corp. (Nasdaq: ORCL), and Tandem Computers.
The illustrious McCanne, currently NBT's CTO, is a former professor of computer science at the University of California at Berkeley. He co-founded FastForward Networks, a startup developing Internet broadcasting technology, which he sold to Inktomi for $1.3 billion in September 2000. [Ed. note: That's in Internet Funny Money Dollars, but still!] In light of recent events, we felt it would be prudent to double-check McCanne's credentials -- and it turns out he really was a professor at Berkeley. [Ed. note: Anyone heard from Ken Lonchar lately? See Veritas Fires Veteran CFO.]
McCanne is so hot, the MIT Technology Review named him one of its "Top 100 innovators" in June 2002, and a UK-based snack company even named their oven chips after him! McCanne's work on Internet protocols, packet filtering, network multicasting, and streaming media during his tenure at Lawrence Berkeley National Laboratories in the 1990's apparently earned him all this street cred.
Could this be why Accel and Lightspeed invested in the company? "What other reason is there?" asks Jim Swartz, partner at Accel. "Steve McCanne's a rockstar."
The funding certainly wasn't for its products, as NBT won't be shipping anything until at least early 2004. And its ideas, from what we can tell, aren't exactly original either.
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