IDG Contributor Network: Musical chairs: Vend founder and CEO decides to vacate his throne
I've been following cloud-based point-of-sale (POS) vendor Vend since its inception half a dozen years ago. Actually, I've been following the company since before its inception. Prior to starting Vend, founder Vaughan Rowsell rode his bicycle from one end of New Zealand to the other. En route he stayed a night at my place and we discussed the opportunity for putting POS in the cloud.
Rather than just talking about it, Rowsell went on to found a company, get backing from some big names early on, and raise venture capital from, among others, Point Nine Capital, the Berlin-based VC fund that has backed other SaaS success stories including Zendesk, FreeAgent and ChartMogul.
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