Yancey Strickler, co-founder of crowdfunding giant Kickstarter, announced this week he is stepping down as the funding portal’s CEO. Stickler revealed in a blog post:
“Today I’m announcing that we are beginning the search for Kickstarter’s next CEO. I’ve spent the last 12 years working on Kickstarter in many different roles. As a co-founder, as our first community support rep when we launched in 2009, as an evangelist sharing Kickstarter with creators, as a team-builder who has hired and supported so many wonderful people, and most recently as CEO. Kickstarter’s mission is to help bring creative projects to life. As a Public Benefit Corporation, we strive to be a leader in thoughtful corporate governance. We’ve empowered more than 100,000 people to bring their book, album, movie, artwork, game, play, or product into existence. Kickstarter distributed more than $170 million to independent creators over the last three months — the biggest three-month stretch in our history.”
Stickler noted since he became CEO of Kickstarter in 2014, he and his team have made great achievements, including tripling the total dollars pledged to projects, launched Kickstarter in nearly 20 countries, and continued to grow Kickstarter’s crew.
“Let me be the first to tell you: the job is great. The team is seriously ridiculous. 2017 will be our eighth straight profitable year. Great stuff is cooking in the oven. Being the CEO of Kickstarter is an unreal opportunity for someone with a deep connection to creative projects, someone who doesn’t believe in putting profit above all, and someone who’s excited by the challenge of building on a successful business that’s oriented to the long term.”
Yancey added that while he’s planning to step down sometime later this year, he will continue to speak about Kickstarter’s success as both co-founder and #1 fan.
Yancey stepping down comes at a time when reward-based crowdfunding is slowing. While its main competitor Indiegogo has migrated into investment-based funding, Kickstarter has decided to not go that route.