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More change at the top at Donuts as Tindal steps down
Kevin Murphy,
May 3, 2017, 08:48:06 (UTC),
Domain Registries
Donuts has lost co-founder and COO Richard Tindal, who has announced his retirement.
Tindal was one of the four domain industry executives who founded Donuts in order to take advantage of ICANN’s new gTLD program about seven years ago.
No reason was given for his departure, which was announced in a blog post, beyond “retirement”.
Co-founders Paul Stahura, Jon Nevett and Dan Schindler are all still with the company, but founding CEO Stahura recently stepped into the chairman’s role to give venture capitalist Bruce Jaffe the corner office.
Tindal had previously worked in senior roles for Verisign, Neustar and Demand Media (now Rightside).
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That’s not a good sign.
I’d love to be a fly on the wall in their meetings with investors who had ponied up $100MM+ in private equity, but seem to have no clear path to an exit (just look at the trading of Rightside, MMX, etc.), despite equity markets being at all time highs.
“Retirement” LOL.