Unintentionally created sites for $575 million, the founders themselves couldn't believe

The founder of PlentyOfFish, a foreign dating site, frind more than 10 years ago to create the site, after which it became a surprise. Without any financing, the site has been profitable and is now selling at $575 million in cash. How the hell did frind do that?

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In Tuesday, Iac/iac/interactive's subsidiary, Match Group, bought the dating site PlentyOfFish for $575 million in cash. It is understood that Match group is recently scheduled to be listed at the end of this year.

The founder and CEO of PlentyOfFish is only 32 years old, and he is a Markus Frind from Vancouver.

"In 2003, I created Markus Frind to improve my CV. There was a new programming language, and I didn't like reading, so it took me two weeks to create this site. To my surprise, there are a lot of people registered on the website. Since then, the site has been on fire. " For Markus Frind, the site of the hot, completely unintentional insertion willow, he never planned to do a dating site.

Before PlentyOfFish was established, Frind was a developer. Frind retains ownership of the company, with 75 employees underneath. PlentyOfFish and Match's deal will be officially completed by the end of this year.

Frind, when he created PlentyOfFish, did not make any financing, saying, "When I found out there was a VC, my site was millions of profitable." At this time I feel that there is no need for funding, because money does not know how to use. He said to BI: "This is a profitable company, there is no need to raise funds." ”

It is understood that PlentyOfFish registered users have 90 million, and daily active users have 36O million, you can say that the site at any time in a profitable state.

In 2008, Frind once said his site had a net profit of $10 million a year, when he only had to work 10 hours a day. Compared to now, the workload has increased a lot. "It's interesting that the company is starting to add new people, and the time for individuals to work has increased correspondingly," he added. "Frind said. Today, PlentyOfFish Company has 75 employees, frind working hours are also normal.

"More and more people are using dating software more often than ever before, and PlentyOfFish is not just adding more users to match," says Sam Yagan, CEO of Match Group, in a statement that he has been focusing on plentyoffish for more than more than 10 years. The merger will also strengthen the relationship between the user and the customer. "For the deal, Frind said, it's fresh and interesting and unbelievable.

This article is from the "Flying Fish" blog, please be sure to keep this source http://feiyushijian.blog.51cto.com/10524014/1674976

Unintentionally created sites for $575 million, the founders themselves couldn't believe