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Meet the Vancouver man getting $575M cash for PlentyofFish sale

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The company, based in Vancouver , British Columbia [4] generates revenue through advertising and premium memberships. In , Plenty of Fish became a full-time money making business for Markus. Many of these appearances are undisclosed paid product placements [13] [14] which have been met with highly negative reviews.

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Want to discuss? Please read our Commenting Policy first. Canadian company PlentyOfFish continues to reel in big numbers with the online dating site now surpassing million users. While there are plenty of web-based services now available to help forge potential romantic connections, the online landscape was drastically different when Frind created PlentyOfFish — and not just with respect to dating.

So a large amount of effort was spent around making sure that the service actually works and that people find someone and then leave with someone from the site. That becomes our virality. Those become our brand ambassadors, so to speak. POF maintains Vancouver as its hub, with a downtown office employing more than 70 people. The company has doubled its revenue since The surge in smartphone use has mirrored the significant spike seen among users logging on to the site remotely.

And we see most of the innovation and most of our future is going to be tied to mobile in some shape or form. POF has also made a significant investment in offline services to bolster its business. Frind said there are also hundreds of user-organized events held each month.

Police: Man killed after meeting woman on PlentyOfFish dating site

Frind said there was no individual reason he decided to sell the company, but the time seemed right. You start measuring your time in different increments. Frind launched the company from his apartment in

US online dating website launched in UK competitor “​Plenty More Fish” set up in and in filed to register a fish.

Want to discuss? Please read our Commenting Policy first. Nadia Stewart reports. He figured the start-up might help him land a job after graduating from the B. Institute of Technology with a diploma in Computer Systems Technology. But within about five months, according to the BBC , he had thousands of dollars a month pouring in from online ads.

One year after the site was founded, he travelled to 28 countries. Frind would reportedly try to limit his work-day to just five hours. World Canada Local. Full Menu Search Menu.

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