VANCOUVER MAGAZINE - Nov 20 - Markus Frind, the founder, CEO, and
sole owner of Plentyoffish.com, works as little as he desires. He’s been
quoted as saying he works about 10 hours a week. Plentyoffish.com now
has 16M users, earns tens of millions of dollars a year, and is growing
80% a year. Alexa ranks Plentyoffish.com the 35th most trafficked site
in Canada and the 100th in the US. It serves up 2.4 billion page
views/month.
Plentyoffish.com spends far less money than other sites
do. Match.com and eHarmony.com each spend $100M a year on advertising.
They run thousands of costly servers even though their traffic is
smaller than that of Plentyoffish.com, which has only 11 machines.
The
next level Frind aims to conquer is the world of “scientific” dating
research. Companies like Chemistry.com, eHarmony.com and
Genepartner.com hire psychologists and scientists to design
questionnaires and even DNA tests to help people find mates. Frind did
hire a relationship psychologist to create “compatibility matching
tools” for Plentyoffish.com. Now he thinks he can do better with his
own algorithms. “The science of dating,” Frind scoffs, “is all BS.”
Those much-heralded matching tools are only 15 or 20% better than
chance. And does Frind think he can optimize and tweak his way to beat
that score? “I could double or triple it.”