Indiegogo has a new chief. Andy Yang will take over for outgoing CEO David Mandelbrot who is stepping down. According to sources close to the company, several other Indiegogo employees are also leaving. Indiegogo has yet to confirm this claim or state the number or reason for their departure.
Mandelbrot announced the move on LinkedIn, citing “personal reasons” as the reason he’s leaving. He was at Indiegogo for six years starting as SVP of Operations in August of 2013.
Andy Yang comes to Indiegogo from Reddit where he was most recently leading its product team. He was previously the CEO of 500px.
Yang comes to Indiegogo at a critical time for the company. Consumers are increasingly becoming jaded by crowdfunding projects that leave backers without