Welcome!

News Feed Item

Indiegogo Principal Adam Chapnick Bets Big on Real Estate Crowdfunding, Joins Upstart Platform AssetAvenue

Former Principal Exits VC-Darling Indiegogo to Oversee Strategy at Commercial Real Estate Platform Up-and-Comer

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.

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...