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.
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.