We’ve been wondering what direction Qype would take recently after rumours that it was in potential acquisition talks with various parties, one of which may have been Nokia, although nothing was ever confirmed. What we do know is that there has been an internal “debate” about whether to enter into a strategic partnership (usually code for acquisition) or whether to double down on becoming the go-to local reviews site in Europe. It’s already in a commanding position in Germany and markets like the UK have been good to Qype. And so far it’s held it’s own against Yelp on this side of the pond.
But today it’s become clear that this “exit or grow” debate had reached an impasse. We knew from sources that CEO Stephen Taylor, a former Yahoo! Europe head, favoured a partnership/acquisition. But Founder and Chairman Stephan Uhrenbacher, who remains Qype’s largest private shareholder, favoured the go for growth / home run approach. One VC source told us this had been the source of some tension. Whatever the case last Friday Taylor departed, for shores we know not where (likely a break but we’re checking). He had been at Qype for one and half years.
Uhrenbacher tells me that Taylor left on “extremely good terms” and we are “going to see a very big partnership very soon due to Steven’s work”. But Qype has moved quickly to install a new CEO, namely Ian Brotherston, a former executive of France-based video site, DailyMotion.