Austin, TX-based SpareFoot, the largest marketplace for finding and booking self-storage, announced that Mel Tang has joined the company as Chief Financial Officer and will be relocating to Austin from Los Angeles, CA.
Most recently, Tang was CFO at Demand Media Inc. He brings more than 15 years of investment banking, consumer Internet and public-company experience to SpareFoot.
“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. “SpareFoot is thrilled to have found a seasoned executive who’s eager to help scale our fast-growing business.”
Tang joined Demand Media shortly after it was founded in 2006 and was promoted to CFO in August 2012. Previously, Tang was an investment banker at UBS Investment Bank and at Donaldson, Lufkin & Jenrette. Tang graduated magna cum laude from the University of Pennsylvania, where he earned dual bachelor’s degrees in finance and mechanical engineering.
“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.”
Executive recruiting firm Bespoke Partners led the search for SpareFoot’s CFO.
SpareFoot, founded in 2008, employs more than 180 people in downtown Austin. To date, SpareFoot has raised $26 million in venture capital.