Whitney Wolfe who is the founder of Bumble recently turned down a $450 million offer from Match Group. Match Group is an umbrella company that owns some of Bumble’s competitors which include Match.com, Tinder and OKCupid. Sources are saying that the offer was too low and undervalued the business structure of Bumble, which is an online dating application. Bumble quickly rose to popularity in 2014 and has set itself apart form the online dating platforms. It is unique in the fact that it offers “women-first” options which means that if more than two people are matched, a woman must make the first move. The company has been growing and prospering for the last few years, and now has a subscription feature that charges $9.99 per month.
Whitney Wolfe is an American entrepreneur that first started her businesses at the young age of 22. She is the co-founder of Tinder, which is another dating application that she started in 2014. She was born in Salt Lake City, Utah. She attended college at the Southern Methodist University, where she received her degree in International Studies.Her very first business was started at the age of 19 where she sold bamboo tote bags.
The money she made was used to benefit areas that were affected by the BP oil spill. At 22, she Whitney Wolfe joined Hatch Labs. She became involved with the startup company called Cardify which was a project led by Sean Rad. She then went on to start her businesses with the dating apps and has been working successfully since 2014. Tinder and Bumble are the fourth most popular dating apps in the country which has become a very successful career for Wolfe. She has worked hard to ensure that the companies remain busy and the structure is solid. Her years of experience in the industry in addition to her education have made her very successful. For more info about us: https://www.crunchbase.com/person/whitney-wolfe click here.
She continuously works with her business partners to make positive reinforcement applications within the company and ensure that the company continues to grow. Wolfe was also named as one of the 30 Most Important Women Under 30 in Business Insider’s magazine.