Yahoo Brickhouse, the two year old San Francisco based Yahoo business unit to foster new product development, is to be shut down by the end of the year, says a source. The announcement may be as early as Wednesday.
But Brickhouse has also had a revolving door at the top (mirroring the general executive exodus from Yahoo). The group was originally led by Salim Ismail and Flickr cofounder Caterina Fake – neither remain at Yahoo. Next up was Chad Dickerson, who left to join Etsy in June 2008. The current lead is former Jumpcut CEO Mike Folgner.
It was always a little unclear exactly where Brickhouse began and Yahoo ended. Yahoo has other innovation groups, such as the Advanced Products Group, which launched Kickstart a year ago. And why would a company create and promote aculture where innovation is only supposedly coming from one group. Innovation should be embedded into the very fabric of Yahoo in general, not outsourced to a small group of people in San Francisco.
We’ll update as we hear from back from Yahoo.