Whitney Wolfe Herd is Bumble’s founder and CEO. The dating app is among the fastest growing in the country. Part of the reason for Bumble’s success is that the dating app empowers women. On the app, women initiate the conversation and then the men can respond. This new dynamic is why Bumble has more than 22 million registered users and is growing by 70% each year. Bumble made about $100 million in 2017 and should double that in 2018. The company has reportedly turned down a Match Group buyout offer of between $450 million and $1 billion. Not bad for a company the now 28 year old started only three years ago and more
A native of Salt Lake City, Utah, Whitney Wolfe Herd is a graduate of Dallas, Texas based Southern Methodist University. Bumble’s headquarters is in Austin, Texas. Passionate and energetic, Whitney Wolfe Herd has a natural talent for branding and marketing. With a $10 million investment from Audrey Andreev, the founder of Badoo, the largest online dating network in the world, Whitney Wolfe Herd launched the Bumble app in December, 2014. Within a month, it had over 100,000 downloads. Drawing on Badoo’s infrastructure, capital and resources and Andreev’s know-how, Bumble quickly developed the sophisticated technology they needed to succeed.
Whitney Wolfe Herd is very much into female empowerment. Bumble has about 70 employees and all the top positions, and 85% of all the jobs, are held by women. There are neon signs and posters around the Bumble offices with sayings like ‘Be the CEO Your Parents Always Wanted You to Marry‘. Giving women control of the initial contact on the dating app has made it a big hit. Plus, taking actions like banning shirtless mirror selfies gives the app a more polite and walled-off feel. When Bumble members said they also wanted career help and friendship, Whitney Wolfe Herd launched BFF, an offshoot of Bumble which is focused on developing platonic connections between women.
Not only did Forbes recently name Whitney Wolfe Herd to their prestigious 30 under 30 list, her personal life is going great as well. A few years ago she met Michael Herd, a Texas restaurateur and oil and gas company heir, while vacationing in Aspen, Colorado. He proposed while the two were horseback riding on his family’s ranch and they recently got married in Southern Italy overlooking a breathtaking seascape and the village of Positano.
In an era were we can now own a percentage of collectable memorabilia in the physical world, a new world of opportunity is opening up in the virtual world. Using tokenization, customers can buy and sell virtual “in game” assets, using Malcolm CasSell’s Worldwide Asset exchange (WAX).
Like a world championship baseball glove in the physical world, portions of digital assets can be traded amongst users in an online marketplace. In WAX, users (known as transfer agents) are responsible for transferring assets under the supervision of a lager group (known as Guilds). Ratings are given to insure dependability. As the platform grows, eventually physical assets will be added to this innovative new system.
Malcolm CasSelle has a long history of leading startups to success. In 1998 he was elected CEO of Pacific Century CyberWorks (PCCW), a telecom service provider based in Hong Kong. The company is currently valued at over $35 billion USD. From 2006 to 2013 he served as director of Hong Kong based Capital Union Investments. Fluent in Mandarin, he later worked in Shanghai, where he ran the P&L for Groupon’s joint venture with Tencent in China. Using his skills as a sales strategist and venture capitalist, he helped the company grow significantly prior to its IPO.
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