This week, the dating industry’s biggest ever acquisition was announced, The Match Group agreeing to buy Plenty of Fish for a massive $575m.
The astonishing move comes just weeks after IAC announced plans to spin off The Match Group by the end of the year.
Much of the talk in the aftermath of the Plenty of Fish acquisition has been about founder and CEO Markus Frind, who has just secured an incredible payout for a company he bootstrapped by himself.
Frind created the site in his apartment in 2003, and up until 2008 was the company’s only employee, despite the fact that Plenty of Fish was profitable from day one.
Although Frind grew the team to over 75 employees in its Vancouver headquarters, in the 12 years since he created the site, he still owns 100% of the company – giving no equity to any employees.
This means Frind will get the entire $575m from The Match Group, which many are pointing out is one of the biggest exits ever for a bootstrapped company.
Below, we’ve collected some of the best reactions to the landmark deal on Twitter, as the dating industry and technology world reacts to the news:
– POF Careers (@POFCareers) July 14, 2015
If Markus Frind really owns 100% of POF’s equity, he just got the payout of a lifetime. Incredible. Biggest bootstrap exit ever?
– Michael Bruch (@MPBruch) July 14, 2015
– Elliot Loh (@Loh) July 14, 2015
– Shawn Keith (@shawn_ck) July 15, 2015
I’m torn between being totally impressed by PlentyOfFish’s founder and thinking this is kind of not cool http://t.co/S81bAUsWwm
– Alyson Shontell (@ajs) July 14, 2015
– jonromero (@jonromero) July 15, 2015
A gem of a blog post from 8-years-ago by Markus Frind who just sold PlentyOfFish to Match for $575M http://t.co/lfBoJvqaBO
– âœŽ Andrew Warner (@AndrewWarner) July 14, 2015
– Josh (@beats_byJosh) July 15, 2015