Jake Baillie Leaving TrueLocal

I just received the email about Jake Baillie leaving TrueLocal for a boutique venture capital company.

Guess we are going to need a new member on the arbitrage panel. He will be missed in the space and hope he still attends the conferences.

His letter read:

I'm both pleased and saddened to announce my departure from TrueLocal to you. Last week the opportunity to do something that I've always wanted to do was presented to me - manage a small internet fund that incubates and provides funding to seed-stage new media and technology companies.

On January 1, myself and several employees from TrueLocal will be
forming STN Labs, which will do exactly that.

As managing director, my role will be to evaluate, fund, and help these
small and inventive companies become self-sufficient. We're starting out
with a stable of existing investments which will be announced shortly,
and beginning in April, we will evaluate new opportunities. We're
looking to take on several entrepreneurs in residence in the short-term,
as well as providing investments to companies in the 50K-500K range.

Throughout the remainder of December and January, I will be
transitioning out of TrueLocal. Please feel free to contact me directly
if you have any further questions or concerns about my transition. In
the new year, I'll be sending out another email with my new contact
information and more details on STN Labs.

Thanks for all of your support of TrueLocal, and here's to a safe and
prosperous new year!

About the author

Frank Watson has been involved with the Web since it started. For the past five years, he headed SEM for FXCM -- at one time one of the top 25 spenders with AdWords. He has worked with most of the major analytics companies and pioneered the ability to tie online marketing with offline conversion.

He has now started his own marketing agency, Kangamurra Media. This new venture will keep him busy when he is not editing the Search Engine Watch forums, blogging at a number of authoritative sites, and developing some interesting online community sites.

He was one of the first 100 AdWords Professionals, a Yahoo and Overture Ambassador, and a member or mod of many of the industry forums. He is also on the Click Quality Council and has worked hard to diminish click fraud.