The One Spark crowdfunding festival has had a management shakeup. Co-founder and CEO Elton Rivas has resigned, he announced in an email Monday. His resignation follows six employees’ being laid off last year.
In his email, Rivas thanked his supporters, saying it’s been an honor to lead the journey.
At the same time, One Spark Board Chairman Peter Rummell announced Monday the festival will continue operating under a newly formed corporation called One Spark Ventures.
The idea is to take the One Spark brand beyond the festival and offer events and support for creators year-round, according to a news release.
One Spark, which organizers say is the world’s largest crowdfunding festival, launched in 2013. Since then, it’s brought tens-of-thousands of visitors to downtown Jacksonville.
