CEO of crowdfunding site Indiegogo steps down

David Mandelbrot, CEO of crowdfunding site Indiegogo has stepped down from his role citing personal reasons. 

In his LinkedIn post, he wrote, “Today, I’m excited to share a leadership team change that will take Indiegogo into the next phase. After almost 6 years at Indiegogo, I have decided for personal reasons to step down from my current role as President and CEO. “

Informing further, he added that Andy Yang will be joining the company as the new President and CEO. 

Andy brings close to 20 years of experience in the tech industry, most recently leading core product at Reddit, and before that as the CEO at 500px which created a marketplace for independent photographers. 

Commenting on this development, Andy Yang said, “I’m thrilled to take over the CEO reins from Dave and enable the company to further achieve its mission."

Under Mandelbrot, Indiegogo also welcomed large corporate partners. Both General Electric and Lego have used Indiegogo to launch products, turning the platform into a marketing tool. 

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