Self-Storage Marketplace SpareFoot Hires Chief Financial Officer

SpareFoot, an online marketplace for self-storage consumers, has hired Mel Tang as chief financial officer (CFO). Tang has more than 15 years of experience in investment banking, consumer Internet and public companies and will relocate from Los Angeles to the company’s headquarters in Austin, Texas, according to a press release.

Mel Tang, CFO, SpareFoot***SpareFoot, an online marketplace for self-storage consumers, has hired Mel Tang as chief financial officer (CFO). Tang has more than 15 years of experience in investment banking, consumer Internet and public companies and will relocate from Los Angeles to the company’s headquarters in Austin, Texas, according to a press release.

Tang was most recently CFO at Demand Media Inc., a media and technology company that operates online brands including eHow and Cracked. Tang joined the company shortly after it was founded in 2006 and was named CFO in August 2012, according to the release. Prior to Demand Media, Tang was an investment banker for UBS Investment Bank and Donaldson, Lufkin & Jenrette.

"Mel's proven public-company experience and hands-on business experience made him the perfect candidate to step into this critical role," said Chuck Gordon, co-founder and CEO of SpareFoot. "[We are] thrilled to have found a seasoned executive who's eager to help scale our fast-growing business."

"SpareFoot is an innovative company that's rapidly scaling its core business around the massive self-storage market," Tang said. "I am looking forward to working with Chuck and the team at SpareFoot to help accelerate the company's growth and market presence."

Founded in 2008, SpareFoot.com helps consumers find and reserve self-storage units, with comparison shopping tools that show real-time availability and exclusive deals. Since its launch, the company has raised $26 million in venture capital. With a network of more than 7,000 storage facilities ranging from mom-and-pop operations to real estate investment trusts, the company reaches prospective storage renters though partnerships with brands including SelfStorage.com and Penske Truck Rental.

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