Cooliris loses its chief revenue officer to AOL

Cooliris, the startup that developed a 3-D wall for users to explore images and other online media, lost one of its most notable hires today, when chief revenue officer Shashi Seth joined AOL.
Seth came to Cooliris in June 2008 from Google, where he was in charge of monetizing YouTube. At the time, Seth told GigaOm that the search engine had gotten “a little big.” Now he’s part of a wave of ex-Googlers jumping aboard at AOL. As senior vice president of advertising products, Seth will report to former Google executive Jeff Levick, who reports to AOL’s new chief executive, Tim Armstrong, who used to run North American sales at Google.
I interviewed Seth a few months ago about Cooliris’ business side, and he said its different ad programs were performing well. Now Cooliris points to its own recent executive hires as evidence that it won’t falter after Seth’s departure:
Over the past year, Cooliris has put in place a highly experienced executive team coming from both successful startups and major corporations that will help Cooliris grow rapidly in the future.  Marc Shedroff, who joined Cooliris last spring from YouTube where he was heading media relationships, is responsible for all business development at Cooliris. Alok Bhanot joined in April from eBay/PayPal where he was the VP of risk and currently runs all engineering and platform architecture.  Michele Turner recently joined from Adobe, where she was VP of product and marketing for the Flash Platform, to take on the same responsibility for Cooliris.  We have the foundation laid to support future advertising growth through our Cooliris Publisher Program, a fully staffed sales team including a new team in Europe, a solid pipeline, and good processes in place.
Cooliris has raised $18 million in funding, mainly from famed venture firm Kleiner Perkins Caufield & Byers.