Entrepreneur Stories

November 29, 2023

3 mins

Empowering Women and Redefining Online Relationships

Despite dating sites' enduring popularity, many singles now favor dating apps. Tinder and Bumble, with a combined 77 million U.S. users, owe their success to Whitney Wolfe Herd, a 32-year-old entrepreneur who launched two companies and ranks among the world's wealthiest women.

The Early Years

Born in Salt Lake City, Utah, to parents from different religious backgrounds, Whitney's upbringing was marked by a diverse cultural environment. Her father, Michael Wolfe, worked as a property developer, while her mother, Kelly, was a homemaker. A year in Paris during her fourth-grade year provided a unique international experience, but she later returned to the United States to complete her college education.

Whitney attended Southern Methodist University, where she majored in international studies and became a member of the Kappa Kappa Gamma sorority. Even during her college years, she displayed her entrepreneurial spirit by launching a non-profit organization called "Help Us Project," which aimed to support areas affected by the BP oil spill through the sale of bamboo tote bags. This project gained national recognition, with celebrities like Rachel Zoe and Nicole Richie endorsing the bags. Together with celebrity stylist Patrick Aufdenkamp, Whitney co-founded the "Help Us Project." She later ventured into fashion with "Tender Heart," a clothing line focused on raising awareness about human trafficking and fair trade. After completing her degree, Whitney traveled to Southeast Asia, where she worked with orphanages, contributing to various social causes.

Entry into the Tech World

At the young age of 22 in 2012, Whitney Herd became part of the startup Cardify, a project supervised by Sean Rad within Hatch Labs, an incubator owned by IAC. Although the Cardify venture was ultimately abandoned, Whitney made a significant transition by joining the development team for the dating app Tinder (previously known as MatchBox). Her efforts and marketing skills significantly boosted the app's popularity, especially among college students, expanding its user base.

However, Whitney's tenure at Tinder took a sour turn. In early 2014, she resigned from her position and filed charges of sexual harassment and discrimination against the company's executives.

Empowering Women with Bumble

Following her departure from Tinder, in 2014, Whitney Herd founded Bumble, a dating app with a unique focus on empowering women. Bumble allows women seeking heterosexual matches to initiate the first contact, inverting the traditional dating dynamics. Initially met with skepticism, Whitney's vision resonated with users, leading to the app's rapid growth and widespread recognition. Bumble has since evolved into a multi-faceted platform, expanding its offerings to include professional networking and facilitating new friendships.

Achieving Billionaire Status and Beyond

Whitney Herd's entrepreneurial journey reached a milestone at the age of 31 when Bumble went public on the Nasdaq stock market in 2021. This achievement elevated her to billionaire status, making her one of the youngest female billionaires globally.

Bumble currently boasts a network of over 420 "brand ambassadors" spanning more than 100 college campuses. Additionally, the company has set its sights on launching Bumble-themed coffee shops post-pandemic. Within a month of its IPO, Bumble's valuation exceeded $14 billion, and in the previous year, it generated an impressive $582 million in revenue with a remarkable 26% profit margin. Whitney Herd's vision for Bumble goes beyond mere dating; she envisions it as the "Facebook for people who haven't met yet."

Navigating Challenges

While Bumble has experienced substantial success, it has also faced criticism. Some perceive it as a derivative of Tinder, while others view it as a marketing ploy with feminist undertones. Bumble's former majority owner, Andrey Andreev, the billionaire behind the European dating app Badoo, came under scrutiny after Forbes published accounts from 13 former employees describing a misogynistic culture at Badoo's London headquarters.

Nonetheless, in an online world marked by ambiguity, rampant hate speech, and the persistence of harassment against women, Bumble stands out as one of the few tech companies prioritizing safety and responsible behavior. It distinguishes itself as the first major social platform to fully embrace behavioral guardrails and content moderation as integral components of its business model, challenging the prevailing trend of allowing unchecked online behavior.

Whitney Wolfe Herd's journey exemplifies her entrepreneurial spirit and dedication to empowering women in the digital realm. Through Bumble, she has redefined online relationships, illustrating that a brand can signify more than just a product—it can symbolize a shift in societal norms and a dedication to fostering a safer and more responsible online environment.

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