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Whitney Wolfe Herd

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Founder and former CEO of Bumble (born 1989)

Whitney Wolfe Herd
Herd in 2018
Born
Whitney Wolfe

(1989-07-01)July 1, 1989 (age 35)
EducationSouthern Methodist University (BA)
Occupations
  • Entrepreneur
  • business executive
Known for
Spouse
Michael Herd
(m. 2017)
Children2

Whitney Wolfe Herd (born July 1, 1989)[1] is an American entrepreneur.She is the founder, executive chair, and formerCEO of publicly tradedBumble, an online dating platform, launched in 2014. She is a co-founder ofTinder and was previously its Vice President of Marketing.[2][3]

Herd was named as one of 2017's and 2018'sForbes30 Under 30, and, in 2018, she was named in theTime100 List.[4][5][6] In February 2021, Herd became the world's youngest female billionaire when she took Bumble public.[7] She is the youngest woman to have taken a companypublic in the United States, at age 31.[8]

Early life and education

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Wolfe Herd was born as Whitney Wolfe inSalt Lake City,Utah, to Kelly Wolfe, who was Catholic, and Michael Wolfe, a wealthy property developer, who was Jewish.[9][10] Wolfe Herd attendedJudge Memorial Catholic High School. When she was in sixth grade, the family went on a sabbatical inParis,France.

Wolfe Herd attendedSouthern Methodist University, where she majored ininternational studies and was a member of theKappa Kappa Gamma sorority.[11][12] While in college and at the age of 20, she started a business selling bamboo tote bags to benefit areas affected by theBP oil spill. Wolfe Herd partnered with celebrity stylist Patrick Aufdenkamp to launch the non-profit organization called the "Help Us Project". The bags received national press after celebrities such asRachel Zoe andNicole Richie were photographed with them.[13][14] Soon after, she introduced a second business with Aufdenkamp called "Tender Heart", a clothing line dedicated to raising awareness around human trafficking and fair trade.[13] After graduating, Wolfe Herd traveled to Southeast Asia where she worked with orphanages.[15][16]

Career

[edit]

Early career

[edit]

In 2012, at age 22, Wolfe Herd joined the startup Cardify, a project led bySean Rad through Hatch LabsIAC incubator. The project was later abandoned, but Wolfe Herd joined the development team for the dating app Tinder (previously known as MatchBox) with Rad andChris Gulczynski.[17][18][19]

Wolfe Herd became vice president of marketing for Tinder.[12][16] She was reportedly behind the name of the app, taking inspiration from the flame logo and the idea oftinder, which is easily combustible material used to start a fire.[20] She has also been credited with fueling its popularity on college campuses and growing its user base.[21][better source needed]

Wolfe Herd resigned from Tinder in April 2014 due to growing tensions with other company executives. On June 30, she filed a lawsuit against Tinder for sexual harassment.[22][23] She reportedly received more thanUS$1 million as well as stock as part of a settlement in September 2014.[12][24]

Having received online hate, Wolfe Herd started sketching out a female-only social network centered around compliments which was to be called Merci.[25] Even though she didn't want to go back to the dating industry initially, in the following months she cooperated withBadoo founderAndrey Andreev on assembling a team and developing a new female-friendly dating app. She planned to name the app Moxie, but this name was already taken.[26]

Bumble, Inc (2014–present)

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In December 2014, Wolfe Herd moved toAustin, Texas, and founded Bumble, a female-focused dating app.[23][16][27] By December 2015, the app had reached over 15 million conversations and 80 million matches.[23] After Wolfe Herd left Tinder,Andrey Andreev, founder ofBadoo, contacted her about creating a dating platform and partnered with her,[28][11][12] and the company remains majority owned by Badoo.[4]

Herd in 2016

As of November 2017, Bumble had over 22 million registered users.[29] In January 2018,CNBC reported that Badoo was seeking a sale that could value the company at about $1.5 billion.[30]

Wolfe Herd was named one ofBusiness Insider's 30 Most Important Women Under 30 In Tech in 2014.[31] In 2016, she was named as one ofElle's Women in Tech.[32] She was named toForbes 30 under 30 in 2017 and 2018.[33][5]

In December 2017, she was listed in aTechCrunch feature on 42 women succeeding in tech that year.[34]

As of September 2019, Tinder and Bumble were the first and second most popular dating apps in the U.S., with monthly user bases of 7.9 million and 5 million, respectively.[35]

In March 2019, Wolfe Herd testified before the Texas House Criminal Jurisprudence committee about the prevalence of unsolicited explicit photos sent to female users on dating applications.[36]

In April 2019, Wolfe released the first print issue ofBumble Mag in partnership with Hearst.[37]

In November 2019, Bumble's parent companyMagicLab was sold to the private equity firmThe Blackstone Group, with co-founder Andreev relinquishing his entire stake in both Bumble and its sister company, Badoo. Wolfe Herd became CEO of the newly acquired MagicLab, valued at $3 billion with an estimated 75 million users, and received an ownership stake of approximately 19% of the company.[38]

In 2020, Bumble replaced MagicLab as the parent company of both Bumble and Badoo. As of 2020, Bumble has over 100 million users worldwide.[39]

In February 2021, Bumble topped $13 billion in valuation after listing shares on theNasdaq exchange.[40] Her 18-month-old son was on her hip as she rang the Nasdaq bell.[41]

In 2021, Wolfe Herd became the world's youngest female billionaire after taking Bumble public.[42]

As of May 2023, Forbes estimates her net worth at approximately $510 million.[43]

In November 2023, Wolfe Herd announced she would enter the role of executive chair in January 2024, withLidiane Jones stepping into the position of CEO of Bumble.[43][44][45]

In May 2024, Wolfe Herd suggested at the Bloomberg Tech Summit that single people might useAI dating concierges as stand-ins for themselves when contacting potential partners online.[46]

In January 2025, Bumble announced that Wolfe Herd would return as CEO in mid-March, replacing Jones, who was stepping down for personal reasons.[47]

Chappy

[edit]

In 2017,UK-based gay dating app Chappy was co-founded by Jack Rogers, Max Cheremkin andOllie Locke and funded primarily by Bumble and Wolfe Herd.[48] The app closed down in February 2020.[49]

Personal life

[edit]

In December 2013, she met oil and gas heir Michael Herd on anAspen skiing trip.[50] They married in 2017 atPositano, Italy[50][51] and have two sons, Bobby and Henry, born in 2019 and 2022, respectively.[52][53] The family lives inAustin, Texas.[51]

In June 2018, Wolfe Herd toldThe Times that she suffers fromanxiety. At that time, she traveled with a bodyguard and employed a security team after aneo-Nazi cyberattack against Bumble took place in 2017.[51]

In 2022, Forbes listed Wolfe Herd at number 33 of the top 100 "America's richest self-made women," up from number 39 in 2020.[54][55]

See also

[edit]

References

[edit]
  1. ^Guillen Gilthorpe, Darla (July 10, 2019)."Texas entrepreneur, Bumble founder Whitney Wolfe Herd celebrates 30th birthday amid company rumors".Chron. Archived fromthe original on October 29, 2021. RetrievedOctober 29, 2021.
  2. ^Charlotte Alter/Austin (March 19, 2021)."How Whitney Wolfe Herd Turned a Vision of a Better Internet Into a Billion-Dollar Brand".Time.Archived from the original on February 25, 2023. RetrievedFebruary 25, 2023.
  3. ^"How I Built This".NPR. October 16, 2017.Archived from the original on January 28, 2019. RetrievedJuly 23, 2018.
  4. ^abRyan Mac (January 3, 2017)."2017 30 Under 30: Consumer Technology – 28 of 30".Forbes.Archived from the original on December 2, 2017. RetrievedSeptember 18, 2017.
  5. ^ab"Forbes Releases 2018 Edition of the 30 Under 30 List".Forbes. November 14, 2017.Archived from the original on November 14, 2017. RetrievedDecember 31, 2017.
  6. ^Anita Sarkeesian."Whitney Wolfe Herd". Time.Archived from the original on August 5, 2022. RetrievedMarch 16, 2021.
  7. ^Mousinho, Katy."How Whitney Wolfe Herd became the world's youngest female self-made billionaire".Management Today.Archived from the original on February 22, 2021. RetrievedFebruary 22, 2021.
  8. ^"Bumble CEO Whitney Wolfe Herd becomes the youngest woman to take a company public".Fortune.Archived from the original on February 16, 2021. RetrievedFebruary 15, 2021.
  9. ^"Whitney Wolfe is Bringing Feminism to Your Phone".Austin Woman Magazine. April 1, 2016.Archived from the original on September 25, 2020. RetrievedJuly 14, 2020.
  10. ^Amanda FitzSimons (November 27, 2017)."Whitney Wolfe Helped Women Score Dates. Now She Wants to Get Them Their Dream Job".ELLE.Archived from the original on March 22, 2020. RetrievedMarch 3, 2020.
  11. ^abCharlotte Alter (May 15, 2015)."Whitney Wolfe Wants to Beat Tinder at Its Own Game".Time.Archived from the original on November 26, 2020. RetrievedDecember 18, 2016.
  12. ^abcdHannah Ellis-Petersen (April 12, 2015)."WLTM Bumble – A dating app where women call the shots".The Guardian.Archived from the original on June 25, 2020. RetrievedDecember 18, 2016.
  13. ^abHilary Hirschfeld (November 3, 2010)."SMU senior Whitney Wolfe launches second business, clothing line Tender Heart". Daily Campus.Archived from the original on September 3, 2020. RetrievedDecember 18, 2016.
  14. ^"Meet Bumble chief executive Whitney Wolfe".The Washington Post. October 23, 2015.Archived from the original on July 26, 2020. RetrievedDecember 18, 2016.
  15. ^Sarah Thurmond (August 2, 2015)."Queen Bee". Austin Monthly.Archived from the original on August 3, 2018. RetrievedDecember 18, 2016.
  16. ^abcKimya Kavehkar (March 7, 2016)."Whitney Wolfe: The Matchmaker". Paper Mag.Archived from the original on October 26, 2020. RetrievedDecember 18, 2016.
  17. ^Josie Ensor (May 23, 2015)."Tinder co-founder Whitney Wolfe: 'The word 'feminist' seemed to put guys off, but now I realise, who cares?'".Telegraph.Archived from the original on August 5, 2022. RetrievedApril 5, 2018.
  18. ^Melissah Yang (January 29, 2015)."Whitney Wolfe Says Goodbye Tinder, Hello Bumble". Los Angeles Business Journal.Archived from the original on December 20, 2016. RetrievedDecember 18, 2016.
  19. ^Shontell, Alyson."What It's Like To Found A $750 Million Startup, Go Through A Sexual-Harassment Lawsuit, And Start All Over By Age 25".Business Insider.Archived from the original on February 13, 2021. RetrievedFebruary 20, 2018.
  20. ^"Whitney Wolfe: The Woman Who Took Tinder To Court – And Came Back Fighting".Grazia. August 3, 2016.Archived from the original on November 21, 2020. RetrievedMarch 3, 2020.
  21. ^Tucker Cummings (July 1, 2014)."Tinder's Whitney Wolfe: 5 Fast Facts You Need to Know".Heavy.Archived from the original on August 3, 2020. RetrievedDecember 18, 2016.
  22. ^"The Story of Whitney Wolfe Vs. Tinder". July 9, 2014.Archived from the original on February 13, 2021. RetrievedMarch 18, 2021.
  23. ^abcTodd C. Frankel (December 2, 2015)."Whitney Wolfe, founder of dating app Bumble, has had quite the year. She just can't discuss parts of it".The Washington Post.Archived from the original on November 25, 2020. RetrievedDecember 18, 2016.
  24. ^Kosoff, Maya."Report: Ousted Tinder Cofounder Settled Her Sexual Harassment Lawsuit Against The Company For 'Just Over $1 Million'".Business Insider.Archived from the original on February 13, 2021. RetrievedMarch 3, 2020.
  25. ^"Billion-Dollar Bumble: How Whitney Wolfe Herd Built America's Fastest-Growing Dating App".Forbes.Archived from the original on August 5, 2022. RetrievedNovember 17, 2017.
  26. ^"How Whitney Wolfe Herd Changed the Dating Game". January 18, 2018.Archived from the original on March 11, 2021. RetrievedMarch 18, 2021.
  27. ^Bennett, Jessica (March 18, 2017)."With Her Dating App, Women Are in Control".The New York Times.ISSN 0362-4331.Archived from the original on November 25, 2020. RetrievedMarch 5, 2020.
  28. ^Leora Yashari (August 7, 2015)."Meet the Tinder Co-Founder Trying to Change Online Dating Forever".Vanity Fair.Archived from the original on January 6, 2017. RetrievedDecember 18, 2016.
  29. ^Clare O'Connor (November 14, 2017)."Billion-Dollar Bumble: How Whitney Wolfe Herd Built America's Fastest-Growing Dating App".Forbes.Archived from the original on February 13, 2021. RetrievedFebruary 20, 2018.
  30. ^Alex Sherman, Leslie Picker (January 23, 2018)."Badoo, the majority owner of the dating app Bumble, is seeking a sale that could value the company at $1.5 billion".CNBC.Archived from the original on December 27, 2018. RetrievedFebruary 20, 2018.
  31. ^Kosoff, Maya."The 30 Most Important Women Under 30 In Tech".Business Insider.Archived from the original on June 20, 2019. RetrievedJune 19, 2019.
  32. ^Molly Langmuir (May 13, 2016)."Meet Elle's 2016 Women in Tech".Elle.Archived from the original on September 12, 2019. RetrievedDecember 18, 2016.
  33. ^Clare O'Connor (November 14, 2017)."Billion-Dollar Bumble: How Whitney Wolfe Herd Built America's Fastest-Growing Dating App".Forbes.Archived from the original on February 13, 2021. RetrievedNovember 17, 2017.
  34. ^"A look at 42 women in tech who crushed it in 2017".TechCrunch. December 22, 2017.Archived from the original on January 14, 2018. RetrievedJanuary 15, 2018.
  35. ^"U.S. dating apps by audience size 2019".Statista.Archived from the original on February 15, 2019. RetrievedDecember 11, 2019.
  36. ^"Texas May Outlaw Unsolicited Sexual Images. Would That Be Enforceable—and Does It Even Matter?".Texas Monthly. March 28, 2019.Archived from the original on March 31, 2019. RetrievedApril 5, 2019.
  37. ^"Bumble goes to print with its new lifestyle magazine, Bumble Mag".TechCrunch. April 4, 2019.Archived from the original on August 5, 2022. RetrievedApril 22, 2019.
  38. ^"Andrey Andreev sells stake in Bumble owner to Blackstone, Whitney Wolfe Herd now CEO of $3B dating apps business".TechCrunch. November 8, 2019.Archived from the original on August 5, 2022. RetrievedJanuary 5, 2020.
  39. ^"Bumble hits 100 million users—and has new plans to take over the dating world". July 15, 2020.Archived from the original on August 3, 2020. RetrievedJuly 31, 2020.
  40. ^"Bumble: Female-founded dating app tops $13bn in market debut".BBC News. February 11, 2021.Archived from the original on February 15, 2021. RetrievedFebruary 13, 2021.
  41. ^"The tech billionaire who is putting women first".BBC News. April 7, 2021.Archived from the original on April 16, 2022. RetrievedApril 16, 2022.
  42. ^Au-Yeung, Angel."Bumble Cofounder Becomes World's Youngest Self-Made Woman Billionaire, Thanks To IPO".Forbes.Archived from the original on February 16, 2021. RetrievedFebruary 13, 2021.
  43. ^abSaul, Derek (November 6, 2023)."Former Billionaire Whitney Wolfe Herd Out As Bumble CEO Amid Stock's 80% Slide".Forbes.Archived from the original on November 21, 2023. RetrievedNovember 21, 2023.
  44. ^O’Brien, Sara Ashley."WSJ News Exclusive | Bumble CEO Whitney Wolfe Herd Steps Down".WSJ.Archived from the original on November 6, 2023. RetrievedNovember 6, 2023.
  45. ^Gross, Jenny (November 6, 2023)."Whitney Wolfe Herd Is Stepping Down as Bumble's C.E.O. After a Decade".The New York Times.Archived from the original on July 13, 2024. RetrievedNovember 6, 2023.
  46. ^Tolentino, Daysia (August 27, 2024)."AI personas are the future of dating, Bumble founder says. Many aren't buying".Yahoo Tech.Archived from the original on August 29, 2024. RetrievedAugust 30, 2024.
  47. ^Adamczyk, Alicia (January 17, 2025)."Bumble's new CEO is already leaving the company months after killing its signature feature".Fortune. RetrievedJanuary 18, 2025.
  48. ^"6 things you need to know about gay dating app Chappy".Evening Standard. August 17, 2017.Archived from the original on July 26, 2020. RetrievedMarch 5, 2020.
  49. ^Milton, Josh (February 17, 2020)."Gay dating app Chappy is shutting down this month and now we'll be single for all eternity".PinkNews. RetrievedOctober 3, 2024.
  50. ^abMacon, Alexandra (October 5, 2017)."Bumble Founder Whitney Wolfe's Whirlwind Wedding Was a True Celebration of Southern Italy".Vogue.Archived from the original on February 12, 2021. RetrievedFebruary 14, 2021.
  51. ^abcRose, Hilary (June 26, 2018)."The queen of dating apps: how Whitney Wolfe Herd, the founder of Bumble, plans to stop men behaving badly".The Times.Archived from the original on October 1, 2021. RetrievedAugust 11, 2024.
  52. ^"Whitney Wolfe Herd on Instagram". Archived fromthe original on December 24, 2021. RetrievedJuly 23, 2020.
  53. ^"Whitney Wolfe Herd Is Also Up With Her Toddler at 1 A.M."Time. February 24, 2023.Archived from the original on November 8, 2023. RetrievedNovember 8, 2023.
  54. ^"#33 Whitney Wolfe Herd".Forbes.com. June 14, 2022.Archived from the original on February 14, 2021. RetrievedJuly 5, 2022.
  55. ^"#39 Whitney Wolfe Herd".Forbes.com. October 13, 2020.Archived from the original on February 14, 2021. RetrievedDecember 12, 2020.

External links

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