* never quite finished CS degree at Harvard
* first startup went belly up
* next startup was photo sharing website
* then worked at CNET on photo sharing
* then started fitbit
Co-founder CTO was working also at CNET on photo sharing
It doesn't look like CEO has any extensive experience on running companies. Definitely no experience on running post startup stage companies.
In interviews after first earnings report, CEO looked extremely uncomfortable and inexperience. Did not answer questions well on future products. Or maybe there really isn't much in the pipeline
It doesn't look like the cofounders (CEO or CTO) have any technical background relevant to fitness bands. So where is the technical know how coming from? Or is there really nothing technically special or advantageous with fitbit?
How do you gain confidence that CEO will ensure this is not just a one hit wonder ... a flash in the pan?