— Rad Power Bikes co-founder Ty Collins has stepped down from the rapidly growing e-bike startup. Collins, who was chief marketing officer, is now in an advisory role and remains close with the company, participating in onboarding and calls with senior leadership.
“I spent six wonderful years building Rad and grinding in the startup lifestyle and was simply just ready to be able to go to the park on a weekday with my wife and kids,” Collins told GeekWire.
Collins launched the company in 2015 with co-founder and CEO Mike Radenbaugh when they raised $320,365 in an Indiegogo crowdfunding campaign. The duo won Young Entrepreneur of the Year at the GeekWire Awards in 2019. Prior to Rad, Collins was a senior account executive with marketing data platform Velocidi.
The pandemic has spurred huge demand for Rad’s e-bikes. The Seattle-based company is profitable and raised a $150 million round earlier this year.
“As for what’s next, I am dedicating an unknown amount of time to being with my family, I am sure the startup life will suck me back in at some point,” said Collins.
The company’s chief revenue officer, Jed Paulson, will oversee marketing efforts with Collins’ departure.
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