Markus Frind, the dating that is online sole shareholder, claims heвЂ™s staying on as business CEO
PlentyOfFish CEO Markus Frind and wife Annie
Markus Frind estimates probably the most he ever committed to their business had been $500.
вЂњWe were lucrative from 1,вЂќ said the founder of this PlentyOfFish (POF) online dating sites service, вЂњso an investor had not been one thing I experienced to be concerned about. dayвЂќ
FrindвЂ™s rival that is biggest, the Match Group, established July 14 it had been buying POF and including the Vancouver-based business to its profile of internet dating solutions that features Match.com, OkCupid and Tinder.
Whenever POFвЂ™s sale closes later this Frind will have turned that $500 investment into US$575 million year.
вЂњThe genuine thing that is cool Markus, and PlentyOfFish and therefore success, is it surely goes contrary to the traditional knowledge of investors,вЂќ said Boris Wertz, creator of variation One Ventures. вЂњHereвЂ™s a guy, as a solamente creator, bootstrapped an organization over 12 years, never ever raised just one dime.вЂќ
As POFвЂ™s shareholder that is sole Frind should be bringing US$575 million вЂ“ minus taxes вЂ“ through the all-cash deal straight back with him to Vancouver.
Frind is remaining peaceful about what heвЂ™ll do with all the cash, but Wertz expects the regional technology community to profit.
вЂњMarkus has, within the last couple of couple of years, progressed into one of the more active angel investors, tech investors into the city,вЂќ Wertz said. вЂњFrindвЂ™s exit will at the least keep that degree as well as perhaps also speed up their investment in Vancouver. 继续阅读