Brad Garlinghouse, the former CEO of Hightail and a long-time executive of Yahoo! has been selected as Ripple’s very first Chief Operating Officer, as the business passes the 100-employee mark.
“Brad’s experience will certainly be indispensable as we advance our focus from constructing a strong pipeline to execution and awesome growth,” stated Ripple Labs CEO and co-founder Chris Larsen in a statement. “We share a vision for the future of finance and the development of an Internet of Value where value exchange is as quick, totally free, transparent and safe and secure as info exchange is on the Web today.”
Prior to Hightail (previously referred to as YouSendIt), Garlinghouse worked for AOL Inc. as the former president of applications and commerce and for Yahoo! as an executive.
During his stay at Hightail in 2012, Garlinghouse concentrated the company on “file sharing and remote file access, positioning it in competitors with Dropbox Inc. and Box Inc.,” developing ads such “Your files must be neither Dropped nor Boxed.”
A year later, Garlinghouse rebranded YouSendIt to Hightail and stepped down from the position. By 2009, Hightail supported more than 8.5 million users, which 100,000 were paying users.
Based on Garlinghouse’s success in his former tech business, Ripple believes that the appointment of Garlinghouse will support the “extraordinary momentum for Ripple as a brand-new facilities for worldwide payments.”
Although Garlinghouse has a tremendous quantity of experience in the innovation market, Garlinghouse confessed that the fintech area is relatively brand-new to him.
“My sincere answer is this is a brand-new category for me– I have not worked in [the monetary tech] space,” he stated. “I believe at any time a leader is signing up with a brand-new business, virtually always the ideal technique is to listen and discover, and for me the next Thirty Days for sure will certainly be that, maybe even 60 days. These [are] people who are truly kind of geniuses in their field, varying from cryptography to open source systems, and I have actually got a lot to find out.”
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