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Saturday, June 29, 2019

Indiegogo bounces their CEO

Indiegogo has had some serious layoffs of late:
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 why 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 their promised product. Under Mandelbrot’s leadership, he helped Indiegogo net several key partners, including General Electric and Lego. The company also enlisted the help of several manufacturing and marketing professionals to help backers make projects into products.

TechCrunch requested an interview with Yang, but has yet to be granted that request.
I tend to suspect their numbers aren't going to look a whole lot better anytime soon. Watch out for that falling rubble!

Labels:

33 Comments:

Blogger Salt June 29, 2019 4:03 PM  

IndieGoneGone

Blogger Nation-Deprived June 29, 2019 4:31 PM  

IndieGoByeBye

Blogger Justin Bailey June 29, 2019 4:32 PM  

A crowdfunding site that hates the crowd and refuses to fund them. That's convergence 101.

Blogger Great White June 29, 2019 4:38 PM  

Indiegogo and The Last Refund

Blogger Xellos June 29, 2019 4:49 PM  

Press F to fortnite dance.

Blogger The Pitchfork Rebel June 29, 2019 4:57 PM  

From Linkedin:

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. After working closely with our board on a thorough search, I am thrilled to announce that Andy Yang will be joining the company as the new President and CEO tomorrow. I am truly excited to see Andy lead Indiegogo into the next chapter. Andy brings close to 20 years of experience in the tech industry, most recently leading core product at Reddit.

Yeah. "Personal reasons". I don't know whether I just laugh at that use of that trite and hackneyed excuse or it's acceptability.

Blogger Mark Stoval June 29, 2019 5:06 PM  

I wonder if any big outfit in the tech business honors honesty and keeping promises. I know that is a very old fashioned way of doing business, but hell it just might work.

Blogger EIA June 29, 2019 5:07 PM  

I can only hope that this corporate drama does not interfere with the funding of Neon Revolt's book campaign, which just completed at 634% of the goal with ~$159k:

https://www.indiegogo.com/projects/revolution-q#/

Blogger Silent Draco June 29, 2019 5:29 PM  

Make the bubble rounce? Rubble bounce? Whatever. He can anchor the first layer of skull pyramid.

Blogger ÆtherCzar June 29, 2019 6:02 PM  

Forgot to mention earlier.... Rubble bounced.

Blogger SciVo June 29, 2019 6:03 PM  

Mark Stoval wrote:I wonder if any big outfit in the tech business honors honesty and keeping promises.

There have been some -- IBM comes to mind -- but these days, those organizational cultures usually do not long outlast the entry of venture capitalists, the exit of the founder, or the going public of the company.

I blame Harvard, because why not?

Blogger Watcher of the skies June 29, 2019 6:27 PM  

Andy Mandelbrot is thrilled...
Famous last words

Blogger Nostromo June 29, 2019 6:33 PM  

I'm just gonna guess that he wasn't woke enuff. Is that personal enough? When hard figures, such as in financing, and engineering have to be softened for the snowflakes, real people are going to start dying in waves. We might even reach statistic stage.

Blogger Silent Draco June 29, 2019 6:35 PM  

*SNORT*

Calling Dr. Chuck Tingle ... do you know where your Space Raptors are?

Blogger pyrrhus June 29, 2019 7:18 PM  

(((Mandelbrot))) of course...

Blogger VFM #7634 June 29, 2019 7:30 PM  

Andy Yang? The Asian android at that one Democrat debate promoting universal basic income?

Guess he already figured he had no chance...

Blogger P Glenrothes June 29, 2019 7:38 PM  

Mandelbrot just handed Yang the "Old Maid" card.

Blogger GK Chesterton June 29, 2019 8:23 PM  

I'm so happy I contributed to this.

Blogger Steve Canyon June 29, 2019 8:25 PM  

First rubble bouncing. Then skulls.

Blogger Daniel June 29, 2019 8:25 PM  

Make the Mandelbrot fractals bounce.

Blogger P Glenrothes June 29, 2019 8:37 PM  

Andy Yang, you have mail.

Blogger Aeroschmidt June 29, 2019 8:38 PM  

Different Yang.

Blogger Gregory the Tall June 29, 2019 8:58 PM  

Andy Yang will be yin very soon

Blogger lowercaseb June 29, 2019 10:04 PM  

I thought my old red MAGA helmet was just going to gather dust in the closet...looks like I might need to break it out when that rubble that bounced into the air comes back down again...

Tenebrarum Dominus vult!

Blogger Avalanche June 29, 2019 10:58 PM  

@6 'will take Indiegogo into the next phase."

That would be the bankrupt phase?

Blogger Scire June 29, 2019 11:17 PM  

Rubble Bounced

Blogger Ray - SoCal June 29, 2019 11:37 PM  

Sounds like Indiegogo really does not know what they want to do when they grow up. The latest areas they are focusing on are China, as well as marketing deals with GE and Lego. Crowdsource funding for them is down, but seems Kickstarter has not seen a decrease.

And Kickstarter is the leader in their segment.

And they may be following the path, of Go Woke, Go Broke.

Blogger MATT June 30, 2019 1:55 AM  

Hell yeah, YangGang

Blogger Gregory the Tall June 30, 2019 3:33 AM  

What are they doing with Lego? Has Lego offered to rebuild Notre Dame and is now crowdfunding it?

Blogger Door in the Hill June 30, 2019 4:01 AM  

Somehow I suspect the personal reasons aren't exactly that, given that I'm sure the CEO could have salvaged the situation back in October with an apology and request to find a way to work things out. Oh, well. Their loss.

Now I'm satisfied that I understand the posts that were annoying me as entirely off topic and unhelpful. I look forward to watching the rubble land when it finally loses momentum and crashes back to Earth.

Blogger Doktor Jeep June 30, 2019 10:55 AM  

"Andy Yang comes to Indiegogo from Reddit, where he was most recently leading its product team."

Um...... product?

Blogger binks webelf June 30, 2019 2:05 PM  

This comment has been removed by the author.

Blogger camcleat June 30, 2019 2:07 PM  

Forum comment seen in the wild today:

"Gofundme is so beat, Indigogo is where its at."

Probability of sarcasm: 0.000001%.

I LOL'd. Such hard left wankers have zero self or situational awareness.

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