LA TIMES – July 26 – eHarmony founder Neil Clark Warren left retirement four years ago to bring the site back to relevance. Mission accomplished. Now he is returning to retirement and Grant Langston, VP of brand marketing, assumed the CEO role Monday. His focus will be on improving the company's website and app. "Newer dating apps such as Tinder, Bumble and Coffee Meets Bagel have attracted millions of young users with simpler interfaces. It's time for eHarmony to catch up", Langston said. Leading the effort is Ken Walker, a former executive at job search start-up ZipRecruiter who was named chief product officer last month. The product went neglected as Warren prioritized turning around other facets, Langston noted. eHarmony's TV ads had become less effective in driving user sign-ups. He doesn't expect other executives who may have been skipped over for the CEO position to depart, but he's sure that there will be personnel changes.
Category: Reporters – Paresh Dave
Tinder CEO Sean Rad: “Getting Fired Turned Out Great”
LATIMES – May 14 – In late 2014, Sean Rad was removed from the CEO role and replaced by a former eBay executive – Christopher Payne. "I felt humiliated, I wanted to leave and never look back", he said. "I would give that title up in a second if it meant I could continue building at Tinder," he said. "Not being a leader anymore is exactly what taught me to lead". "Being a leader doesn't mean being an expert with all the answers". Five months later, Rad was back in as CEO.
Three Day Rule Lands Funding
LATIMES – Mar 29 – Three Day Rule has raised $650K from the Dallas Angels Network investment group and $550K from several wealthy individuals. The company's 20 matchmakers use software and intuition to find potential partners for customers, who pay ~$4K for three months of assistance. Agreements with Match.com, JDate, Christian Mingle and OkCupid allow Three Day Rule to choose from people listed on those dating sites too. Match.com led a $1.25M investment in Three Day Rule in 2014.
by Paresh Dave
See full article at LATimes
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This post also appears on InternetDatingInvestments.
Gay Dating App Grindr Gets $93M Investment From A Chinese Company
LATIMES – Jan 12 – Gay dating app Grindr has handed majority ownership to Chinese gaming company Beijing Kunlun World Wide Technology for $93M valuing Grindr at $248M post-investment. Grindr had been exploring a sale or fundraising round for much of last year.
by Paresh Dave
See full article at LATimes
This post also appears on InternetDatingInvestments.
