Beginning of online dating
In 1994, when only about five percent of Americans had Internet access, Kremen took a ,500 advance on his credit card to buy the domain name
Today, Match is the undisputed leader of online dating.
According to Internet data provider com Score, Match attracts more people than any other dating site in the U. And early this year, it announced the acquisition of Ok Cupid, one of the fastest-growing free dating sites.
Incredibly, however, Kremen has no ties to the Match brand today.
and was one of a handful of early entrepreneurs on the Internet.” Kremen is about as quirky as he is smart.
A Chicago native, Kremen attended Northwestern University and graduated from Stanford business school in 1989.
His former colleagues describe him as a high-energy visionary. he’s very smart,” says Fran Maier, the former General Manager of Match.
The day before the interview, Match Communications Director Trish Mc Dermott gave Kremen specific instructions: don’t wear black or white, don’t wear a shirt with busy patterns, and don’t say anything controversial.
“Tenacious is the first word that comes to mind,” says Thede Loder, a Match engineer from 1995 – 1996.And Ron Posner, one of the first angel investors in Match, said that Kremen in 1995 was “very innovative, very sure of himself...In 1995, the management team was preparing for its first significant TV interview.The online-dating site had gone live that same year, and Gary Kremen, the founder and CEO, was slotted to speak.
He started the site at the age of 30 and left merely two years later.Kremen walked away with just ,000 when he departed Match, a site that is on track to earn over 0 million in revenue in 2011.