“By the time they showed up I had millions in the bank account!”
PlentyofFish founder and CEO Markus Frind was at the Traction Conference in Vancouver yesterday and the details of his improbable story of bootstrapping one of the world’s most popular dating sites elicited roars of approval from a boisterous crowd of growth hackers, data nerds, and UX geeks.
The above answer was in response to a question from BBC business reporter Kim Gittleson as to why he decided not to accept outside funding after it became apparent that he was on to something. Frind, who is 36 and still owns 100% of PlentyofFish, sounded simultaneously bewildered and amused by his own anecdote. The same expression appeared again when Frind told Gittleson that he didn’t hire his first employee until he had ten-million dollars in revenue.
Dubbed “The man ‘behind a million babies” by Gittleson in a BBC profile from last year, Frind detailed how the site grew into a global brand despite his original intent, which was to improve his resume in hopes of getting a job after graduating from the B.C. Institute of Technology with a diploma in Computer Systems Technology.
PlentyofFish now boasts more than 100-million users and is rumoured to have more than $100-million in annual revenue.
You can listen to the full interview below…
Plentyoffish founder Markus Frind talks to BBC business reporter Kim Gittleson