Indiegogo’s CEO steps down amid layoffs [The Verge]
GE Aerospace (GE)
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Source: The Verge
Indiegogo’s CEO steps down amid layoffs David Mandelbrot is out as CEO of crowdfunding site Indiegogo, citing “personal reasons” in his farewell LinkedIn post Andy Yang will begin his tenure as the next CEO tomorrow, Mandelbrot said in his post. Yang was most recently “leading core product at Reddit,” and had previously been the CEO of 500px, an online platform and community for photographers. “I’m thrilled to take over the CEO reins from Dave and enable the company to further achieve its mission,” Mandelbrot quoted Yang as saying. The post did not comment on the layoffs. An email to Mandelbrot wasn’t returned. Indiegogo declined to comment. Indiegogo’s main competition is the better-known crowdfunding platform . Both platforms have struggled with disappointed consumers, since the projects they may have funded are often delayed, if they ship at all. Crowdfunding sites have attempted to change their business models. Indiegogo told The Verge Under Mandelbrot, Indiegogo also welcomed la
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