INC - Apr 7 - Joel Simkhai founded Grindr, the location-aware hookup app, five years ago. The app has now 5M active monthly users. 75% of revenue comes from subscriptions to Gridr Xtra, which allows users to see more other nearby users.
Q: What motivated you to start Grindr?
A: In my 20s I tried some more traditional dating sites but location was not part of it.
Q: Did you know how to write software?
A: No, I went into this frantic race to find a developer.
Q: Did you take venture capital?
A: We are all self-funded.
Q: Was not taking investment a strategy from the beginning?
A: I like challenges, and I like the idea that if I'm going to risk something, I'm going to get the reward.
Q: How do you find new users?
A: We've done a little Facebook advertising. It's all really word of mouth and press.
Q: What is Tinder doing differently than Blendr did?
A: I think they figured out some things that I didn't figure out. Girls don't want to be harassed by guys. It's a more controlled harass.
Q: Are you worried about Tinder as competition?
A: It's not an app for gay guys.
Q: Are you still growing?
A: Yes, as people get more iPhones globally. Markets like Brazil are growing well for us now.
Q: Would you consider an exit strategy?
A: I'd take $19 billion. But no, I don't think I'd go public.