Alea,
It’s tough to get a handle on the timing of the CEO swap. Perhaps there was a deal hanging in the balance in what appears to be a (hopefully not "the") sweet spot for Solms -- gov. Considering his background and his brother's role at MS, there is no doubt Wave now has spectacular connections into gov. Perhaps Tim will slide into the DOD role at Wave and we can fire up the boards on a new family running the biz.
Anyone who has taken over operations from someone else knows there is a high probability Solms is completely shocked at some of the Wave ways right about now. It is sort of inevitable unless something is firing on all cylinders. At the same time, hopefully he knows of a better way. Sometimes status quo is best, but when it is not, it needs to be challenged immediately.
Whenever there was confusion over biz strategy in my corp days, I used to joke about which way the company was going and point my fingers in opposite directions. When you are racing in 10 different directions, you end up nowhere. There needs to be a focus to get to one destination unless you have displayed a strong aptitude to pursue multiple, competing tasks at a time.
For a company like wave, I (like many) believe it is incredibly important to shore up the financials and not to rely on dilution to fund business. If Solms can deliver this in short order along with demonstrating revenue growth without comprising the future, he will gain the confidence of many. If he can close the credibility gap (results = or >= words), he will gain the confidence of more.
There are a lot of good reasons Wave has not been able to sell more product up until this point. I hope Solms and Co. are able to put some of them to rest.
