Following an investigation by the Securities and Exchange Commission (SEC), Curastory’s founder and CEO, Tiffany Kelly, has resigned from her position. The startup, known for its content monetization platform, has named Dave Dickman, former CEO of Tagger, as her replacement.
The SEC alleged that Curastory misrepresented revenue figures and client numbers to investors. In response to the settlement, Kelly chose to step down and hand over the reins to Dickman. Under his leadership, the company is now focusing on fundraising, international expansion, and product enhancements.
Although Kelly will stay on as a major shareholder and advisor, her resignation marks a significant transition in Curastory’s leadership. The platform, which supports content creators in monetizing their videos, boasts around 400,000 users. Advertisers can purchase in-video ads from creators while leveraging various tools like video editing and performance tracking.
Curastory has secured approximately $3 million in funding from investors such as Lightspeed’s Scout Fund and has participated in notable accelerator programs like Techstars.
Source: TechCrunch