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:
There's nothing quite as pathetic as swiping right on every profile you come across on Tinder. It's little more than the dating equivalent of throwing a giant bowl of questionably delicious spaghetti against a shit-covered wall. However, the lonely techies of Hacker News have optimized the catch-all process of seeing which poor souls come to them. And they're sharing their secrets.
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.)
I moved back to New York from Cairo in January of 2014, and among the biggest culture shocks was American Tinder. In Cairo, there was the occasional woman, mostly Russian tourists on holiday, using the mobile dating app; in New York, I met a torrent of instant flirtation. Patterns emerged: apparently almost every woman under 30 in this city "Loves whiskey," is really into Hallmark-caliber affirmation quotes, and fake moustaches. Tinder seemed like a lot of work. So much swiping, so much chatting, only to be disappointed in the flesh.
Tinder's sexual harassment lawsuit hasn't even gone to trial yet, but TechCrunch already thinks it's a bunch of bullshit. Earlier today, tech's favorite mouthpiece published an investigation into Whitney Wolfe's lawsuit that was highly sympathetic towards her former employer. An hour later, TechCrunch announced Tinder CEO Sean Rad would be speaking at their conference in September. Hmm.
Last fall, Sean Rad told Bloomberg Businessweek that he met his girlfriend of four months on Tinder, the same dating app where he serves as CEO. That young lady, who went unnamed, is 20-year-old Alexa Dell, the daughter of beleaguered billionaire Michael Dell. Alexa made headlines in 2012 when she turned up on Rich Kids of Instagram. Rad was 27-years-old as of September.
The original Hot or Not, which launched in 2000, was the precursor to today's ratings apps—a website that let strangers judge pulchritude by profile pic alone. It's so old, Mark Zuckerberg ripped off the idea to get Facebook rolling. So how did the newly relaunched version get to no. 13 in Apple's App Store?
With the help of good old fashioned email spam.