On Thursday, equity crowdfunding platform Crowdfunder announced that it has appointed Steven McClurg as its new president and chief operating officer.
Prior to joining Crowdfunder, McClurg served as managing director at global investment and advisory firm, Guggenheim Partners. He was responsible for various areas of the investment management practice, including portfolio management and construction, overseeing private equity investments. He also held various positions at Electronic Arts and Youbet.com including roles in strategic planning and financial analysis.
Chance Barnett, Founder and CEO of Crowdfunder, stated,
“We have worked with and known Steven for many years and I’m incredibly excited to bring someone with his level of deep institutional experience onto the Crowdfunder team.” Barnett continues, noting, “With the pivotal advances in the industry under the JOBS Act, and Crowdfunder’s unique Platform + VC Fund model, Steven has a track record for success and his experience in finance will be invaluable as our business evolves. This is the next step in the continued growth of the business as we look to scale out access for everyday investors to top tier VC-backed deal flow they would not otherwise see.”
McClurg commented:
“While my relationship with Chance Barnett and Crowdfunder initially attracted me to this opportunity. There is a huge potential to disrupt the financial industry with new regulation from the DOL and adoption of portions of the JOBS Act. I am passionate about helping entrepreneurs fund great ideas and being a part of the democratization of early-stage investing.”
In his role at Crowdfunder, McClurg will oversee all of the day-to-day operations of the investment platform. He will also be responsible for growing the VC Index Fund and greater investment practice.