20VC: Tinder Founder Sean Rad on Lessons Scaling Tinder to the Fastest Growing Consumer Social App in History | Leadership Lessons Scaling Tinder | The Future of Love, Dating and Social Media | The Secret to Your Relationship with Money and Marriage

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 9 September 2024

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sean Rad is the Founder and former CEO of Tinder. Sean has made more romantic connections between humans than anyone in history with Tinder having matched 50BN different people. Sean is also the Founder of Rad Fund which has made over 100 investments in companies and funds.

In Today's Episode with Sean Rad We Discuss:

1. Lessons Scaling Tinder to the Fastest Consumer Social App:

Starting: How did the idea for Tinder come to Sean in a restaurant in LA?
Scaling: What are Sean's biggest lessons for consumer apps scaling to their first 10,000 users?
User Acquisition: How did a party change the entire user acquisition strategy for dinner?
What did Tinder not do that Sean wishes they had done?
What did Tinder do that with the benefit of hindsight, they should not have done?

2. Leadership Lessons from Tinder CEOship:

Annual Product Redesign: Why does Sean believe that every consumer company should have a complete redesign of the app every year? What are the benefits?
Detachment: How does Sean advise founders when it comes to detaching their happiness from the performance of the company? What works? What does not work?
Common Mistakes: What are the most common mistakes that Sean sees early-stage founders make when it comes to leadership?

3. Money, Wealth and Creating a Family Office:

How does Sean analyse his own relationship to money? How has it changed over time?
At what stage of wealth does Sean believe you have true financial freedom?
What is the single best investment Sean has made? What did he learn?
What is the worst investment he has made? What did he learn?
What have been the single hardest and most surprising elements of creating a family office?

4. Love, Death, Marriage:

In what ways does Sean think love has changed with time? How do we deal with the loneliness pandemic?
What does Sean believe are the most non-obvious but important secrets to a happy marriage?
How does Sean approach and think about his own spirituality today? Why does he not fear death?

Transcript

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0:00.0	Product Market Fit isn't one moment in time.
0:03.0	Product Market Fit is a constant iterative process.
0:07.0	When I was there, we had a rule that every year we had to redesign the entire product.
0:11.0	Because we didn't want people to get bored and stagnant, and we didn't want to become complacent as a team.
0:17.0	Every lesson we learned, the lesson was always focus. Focus on your mission. Focus on what you're good at.
0:24.5	Stop trying to be something you're not. Every company needs to continuously fucking relearn.
0:30.9	This is 20 VC with me, Harry Stebbings, and what a show we have in store for you today?
0:35.4	Sean Rad, founder of Tinder, the man who has facilitated more love
0:39.6	than anyone else in human history.
0:42.4	Did you know?
0:43.3	Tinder has made, check this out,
0:45.3	over 50 billion, 50 billion matches.
0:49.9	Truly insane.
0:51.2	Sean is also the founder of Rad Ventures,
0:53.1	which has made over 100 investments in both companies and funds.
0:56.9	This was such a fun show to do. We recorded one eight years ago or so, and so this was very special to do again,
1:03.0	and you can find the video of the interview on YouTube at 20VC. But before we dive in, when a promising startup files for an IPO or a venture capital firm loses its marquee partner,
1:13.4	being the first to know gives you an advantage and time to plan your strategic response.
1:18.4	Chances are the information reported it first.
1:21.2	The information is the trusted source for that important first look at actionable news across technology and finance,
1:28.6	driving decisions with breaking stories, proprietary data tools, and a spotlight on industry trends. With a subscription,
1:34.2	you will join an elite community that includes leaders from the top VC firms, CEOs from
	...

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