Gender Imbalance In Tech Market


There is a “general imbalance” in the tech startup market when it comes to gender, Tinder CEO Sean Rad acknowledged recently.

The dating-app company recently resolved a sexual harassment lawsuit without admitting any wrongdoing.

“We’re going to do our part to make sure that there is equality. I’m hoping that over time, things will become more balanced,” Rad said in an interview with “Closing Bell.”

According to the Los Angeles Times, Whitney Wolfe, who describes herself as a Tinder co-founder, claimed Rad and Justin Mateen, the chief marketing officer, pressured her to resign and directed threatening and disparaging comments at her.

Mateen, who has since resigned, and Wolfe had been in a relationship prior to the court filing. Wolfe described Mateen as making “sexist, racist, and otherwise inappropriate comments, emails and text messages.”

The Tinder CEO also told CNBC the company, which currently offers a free dating app, will soon start charging users for a premium service.

“We’re giving our users two features that they’ve been asking for a very long time and we think it adds enough value where users are willing to pay us for those futures,” Rad said. “That’s coming very soon.”

He also maintained Tinder will continue to remain hot in a very competitive market.

“As long as we continue to deliver lasting value for customers, I think we’ll be here for a very long time and be a formidable player in the market,” he said..

Reprinted by permission.

Image credit: CC by Kool Cats Photography over 2 Million Views

About the author: Michelle Fox

Michelle Fox is a web producer for “Mad Money” and “Fast Money.”

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