|By Marketwired .||
|May 1, 2014 01:12 PM EDT||
LOS ANGELES, CA -- (Marketwired) -- 05/01/14 -- Adam Chapnick, former principal and employee number one with leading crowdfunding platform Indiegogo, today announced that he is leaving the industry giant to join real estate crowdfunding company AssetAvenue. The company's first completed deal raised $485,000 from investors in less than 48 hours to acquire a commercial real estate loan backed by office space in New York City's prestigious Trump Palace. Chapnick believes real estate crowdfunding is on the precipice of becoming a major disrupting force in real estate investing, and chose to join AssetAvenue's team of highly experienced real estate and technology professionals, betting big on a newcomer in one of the fastest-growing segments of the crowdfunding market.
"AssetAvenue's disruptive vision and the team's industry expertise are what set the company apart. The leadership team has decades of combined real estate experience, and they're focused on breaking barriers, which is music to my ears," said Chapnick. "When [AssetAvenue CEO] David Manshoory shared the scale of what he's aiming to accomplish, I knew this was a mission I wanted to be a part of and the team I had to join. I can't wait for the impact we're going to make together."
Chapnick joined Indiegogo as its first employee in 2009 and quickly helped the company grow into new markets and become one of the most successful crowdfunding platforms in the world. The company, which recently announced it raised a $40 million Series B round in January led by prominent investors Kleiner Perkins and Institutional Venture Partners, has hosted more than 200,000 campaigns to date in over 175 countries, four languages and five currencies.
Chapnick will be AssetAvenue's chief strategy officer, bringing his expansive network and crowdfunding expertise to revolutionize the real estate investment experience for real estate sponsors, lenders and retail and institutional investors.
"We are thrilled that Adam has chosen AssetAvenue as his next home out of all the opportunities available to him," said Manshoory. "We're excited to couple one of the thought leaders in the crowdfunding industry with our real estate team to create an exceptional experience for our community."
"Crowdfunding as a whole has been an incredibly revolutionary force in so many business verticals. It was thrilling to help drive this growth as the original player in the space," added Chapnick. "Looking forward, those of us who are steeped in crowdfunding have seen real estate as the next explosive opportunity, given the sheer market size, coupled with all of its financial benefits to investors."
Headquartered in Los Angeles, AssetAvenue is led by a management team leveraging a combined $10 billion in commercial real estate acquisitions experience. The company was founded in December 2013 by CEO David Manshoory, a seasoned real estate professional and successful entrepreneur with a track record of building rapid-growth companies.
For more information about AssetAvenue, visit www.assetavenue.com.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Sep. 30, 2016 03:00 PM EDT Reads: 3,657
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, will discuss how VPaaS enables you to move fast, creating scalable video experiences that reach your ...
Sep. 30, 2016 03:00 PM EDT Reads: 1,218
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 30, 2016 03:00 PM EDT Reads: 3,002
In his session at @ThingsExpo, Kausik Sridharabalan, founder and CTO of Pulzze Systems, Inc., will focus on key challenges in building an Internet of Things solution infrastructure. He will shed light on efficient ways of defining interactions within IoT solutions, leading to cost and time reduction. He will also introduce ways to handle data and how one can develop IoT solutions that are lean, flexible and configurable, thus making IoT infrastructure agile and scalable.
Sep. 30, 2016 03:00 PM EDT Reads: 1,648
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
Sep. 30, 2016 03:00 PM EDT Reads: 510
Sep. 30, 2016 02:45 PM EDT Reads: 2,633
Sep. 30, 2016 02:45 PM EDT Reads: 623
Sep. 30, 2016 02:30 PM EDT Reads: 2,462
Sep. 30, 2016 02:30 PM EDT Reads: 335
Sep. 30, 2016 02:30 PM EDT Reads: 5,226
Sep. 30, 2016 02:15 PM EDT Reads: 1,154
Sep. 30, 2016 02:15 PM EDT Reads: 714
Sep. 30, 2016 02:15 PM EDT Reads: 1,721
Sep. 30, 2016 02:00 PM EDT Reads: 3,570
Sep. 30, 2016 01:45 PM EDT Reads: 577