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CEO Ousted in SEC Settlement, New Leader Takes Helm
20 Nov
Summary
- Curastory CEO replaced following SEC settlement over alleged revenue overstatement.
- Founder Tiffany Kelly resigns as CEO but remains a major shareholder.
- New CEO Dave Dickman spearheads fundraising and international expansion efforts.
The Securities and Exchange Commission has reached a settlement with content monetization platform Curastory, leading to the resignation of its founder and CEO, Tiffany Kelly. The allegations involved overstating revenue and misrepresenting client numbers to investors. Kelly, who founded Curastory in 2021, agreed to the settlement terms without admitting or denying the SEC's claims.
Stepping down from her CEO role, Kelly will now serve as an advisor while retaining majority ownership. She expressed her belief that this move was necessary for the company's survival and growth. Dave Dickman, formerly the CEO of influencer marketing platform Tagger, has been appointed as the new CEO. Dickman's immediate focus includes initiating fundraising efforts and charting international expansion.
Under Dickman's leadership, Curastory is set to launch new features, including support for Spotify video and AI integration into its advertising technology. The company also plans to expand into Canada, Australia, and the UK. Kelly highlighted the importance of having a successor who understands the technology and the company's vision, noting the unique challenges faced by women, particularly Black women, in securing venture capital.
