Welcome to Industry Focus. I'm Nick Seibel. On Wednesday I spoke with Dan McMurtry and Alex

Dreym of Cairo Partners about their recently published online dating thesis.

After that we went on to discuss Dan's venture capital investments in Bangladesh and how to best use Twitter.

Today we're airing the rest of that conversation.

For those who heard our episode on Wednesday,

feel free to jump ahead to the 36 minute mark

to pick up the rest of our conversation.

Alex Dreym and Dan McMurtry are co-founder at Tyro Partners, a New York City

based hedge fund focused on secular trends driving technology, health care,

industrial and consumer markets and they focus on deep dive research. They recently published a

paper on their online dating market thesis that's got a lot of attention in the

industry. Alex and Dan so excited to have you on industry focus.

Thanks guys. Really excited to be here, a big fan of the the show. Yeah we appreciate you taking the time. Yeah, thanks so much just first off the bat what got you all interested in researching this space and you know doing this deep dive on online dating? Well, we're 28 and 29 and so, you know, as we kind of lay out in the

paper in that age cohort, there's not a lot of options other than online dating. So I think in

real life it's it's just been a constant phenomenon.

And we've kind of come of age in the period where that's become dominant.

So we've seen it go from a niche to a dominant thing and that's been really interesting to watch.

And then as we looked at how it was affecting other parts of the market and other companies

and how they were intersecting, we kind of realize, you know,

this is actually a really, really important thing, not just a, you know, a one-off.

And it's kind of been viewed as a widget and not a primary driver and we

think it is a primary driver not a widget. Yeah I mean absolutely I say from my

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