Bil Browning

Dollars vs Inches: Grindr Is Up for Sale

Filed By Bil Browning | May 11, 2015 1:00 PM | comments

Filed in: Living
Tags: Grindr, hookup app, up for sale

grindr-logo-rectangular.jpgIf you're looking to pick up a hot hookup (app), here's your chance. Grindr, the original gay hookup app that revolutionized the way men find each other for sex, is up for sale.

Grindr LLC is looking for more than just a hookup: The application for gay men is seeking a buyer.

Grindr, based in Los Angeles, has hired Raine Group LLC to advise it on a possible sale, people familiar with the matter said. The sale process is early and no deal is assured, said the people, who asked not to be named because the process is still private.

The people didn't know what valuation Grindr might fetch in a sale.

...Joel Simkhai founded Grindr in 2009 with $5,000. Four years later, the company is still self-funded with no outside investors, and charges about $12 a month, Simkhai said in a Bloomberg TV interview April 17.
...
Dating apps are struggling to sustain revenue growth, in part because after customers find a match, they tend to stop paying for the service. They also face competition from free services.

Something tells me that this piece was written by a straight person if they think Grindr is a) a dating app and b) users quit the service because they've found a love "match." Most users aren't looking for something longer than that evening.

(Hat tip to JMG)


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