Great article in Newsweek about Match.com and how it changed the face of dating. The history of how the company started is pretty cool, founded in 1993 by a 31-year old Stanford Business school grad, Gary Kremen, who was struggling to cover his rent every month.
He took a look at the amount of money newspapers were making off of singles classified ads (including his own) every week and he figured he would be able to do the same online. He managed to gather a couple of investors and away he went.
The surprising part to me was the fact that after putting in all that hard work and effort in to get the site up and running, Kremen walked away from the first sale of the company with only $50,000 cash and a lifetime account on the site.
Check it out, it’s a nice quick read.
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