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Tag: Sean Rad

  • Tinder Co-Founder: Siri Might Become a Matchmaker Soon

    Tinder Co-Founder: Siri Might Become a Matchmaker Soon

    Tinder Co-Founder Sean Rad, in an interview on stage at the Web Summit in Lisbon, Portugal, said that he thinks that as the technology of AI advances that Siri might become a matchmaker soon:

    I think the future looks nothing like what you see right now. A lot of people talk about AI and its ability to create new insights and new data, but I actually like to think about AI and its ability to create better user experiences. I’ll give you a simple picture of what I where I think not just Tinder is headed but a lot of different applications are headed. I think Siri might become a matchmaker soon.

    Tinder has made it being exceptionally simpler and easier to connect with people. This is partially because it introduces a new way to double opt-in and partially because behind the scenes there’s a lot that we’re doing with AI in ensuring that we show you the best possible matches, but you could see how it could get even easier.

    One day because the system is so smart in knowing the users and knowing what you want, one day Siri might say… hey Sean, there’s someone a mile away who you find attractive and we were pretty sure she finds you attractive and you both happen to like Coldplay and they’re playing in town next week. Do you want to get a coffee and if you like each other go? Siri might then create that transaction or might actually make that introduction like a traditional matchmaker.

    You sort of see that as technology gets better, technology starts to disappear in our lives and starts to become a little more fluid with our daily behaviors and that creates exciting new possibilities.

    What About AI-Powered Bots Making Matches? I hope not, I think that’s a scary existence. You don’t want to take the humanity out of technology.

  • Sean Rad Forced Out Of CEO Role At Tinder

    Sean Rad Forced Out Of CEO Role At Tinder

    Tinder CEO Sean Rad has been forced out of the role, but will be staying with the company in the capacity of President and board member. Rad founded the company behind the hottest dating app out there, but events unrelated to the app’s performance have led to his demotion.

    The news didn’t come in a formal announcement from Tinder or a press release from IAC, which holds a majority stake in the company. It came in a Forbes report with quotes from Rad himself, from his boss at IAC, Sam Yagan, and from other unnamed insiders. So this isn’t a rumor. It’s happening.

    You can read the full four-page article here, which gives a lot of background and compares the story to Shakespeare (yeah, the report is really that dramatic).

    Long story short, IAC wants a more experienced executive to run the show, and used a recent highly-publicized sexual harassment lawsuit as a reason to take the CEO title away from Rad. Former executive Whitney Wolfe had sued Tinder and IAC for harassment by former CMO and best friend of Rad, Justin Mateen. She also claimed Mateen and Rad had stripped her title as co-founder of the company because she was a woman. The parties reached a settlement in September, but as we now know, that was hardly the end of it.

    From the Forbes report:

    Rad had the title of founder, but he didn’t have control over his own fate at the company. Which led a few weeks later to the call in Philly. “If the Whitney thing didn’t happen it would be difficult for IAC to demote Sean, because they’d have a lot to answer for,” says one insider. “But the lawsuit gave them an out.”

    Rad will remain in the CEO role until his replacement is found. While he will reportedly hold the President title and a spot on the board, it will be interesting to see what happens when that replacement is instated.

    “We’re looking for an Eric Schmidt-like person,” Rad is quoted as saying. “There is no CEO coming in the door that I don’t get along with—that would be corporate suicide.”

    The timing of this whole situation is pretty interesting because Tinder is pretty much killing it, and Rad just announced the company’s first revenue strategy a couple weeks ago (at the Forbes 30 Under 30 Summit no less). It is offering a premium service, which will “let users break away from location limits and expand their Tinder reach.”

    Meanwhile the company claims to have seen 600% growth over the past year with 40 million downloads since launching in 2012. 30 million people are registered, and 14,000 people are being checked out on the app every second.

    For Tinder itself, the outlook is pretty good. We’ll see if Rad really does stay around for the ride.

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