Even though the sexual harassment suit against Tinder has already been settled, the IAC-owned startup is still facing fallout from the HR nightmare. Justin Mateen, the Tinder CMO who allegedly called his former coworker and girlfriend a "whore," was quickly forced to resign. Now Forbes reports that Tinder founder Sean Rad has been driven out as CEO.
Benchmark confirmed that it has invested* in Tinder, a rumor we reported in August. No details were given about the deal, except that IAC continues to own "a controlling stake," deterring other venture capitalists buzzing around the popular hookup app. *Update: Recode says no money has changed hands, it's a "sweat equity" arrangement:
Venture capital firms have been sniffing around Tinder, the Los Angeles-based dating app, since at least last spring. But according to one Valleywag source, Benchmark's Matt Cohler may soon sign one of Silicon Valley's most coveted term sheets. (On Sand Hill Road, it seems, fast growth is forever, while sexual harassment and discrimination suits can disappear.)