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Managing company growth and keeping top brass happy and in place may be more difficult than finding your mate on the interweb. eHarmony is going through CEO’s like I go through free drink tickets at networking events. They’re on their third one this year. SiliconBeat, gets to the story a month late after I mentioned it here.
Any chance of a near-term IPO have probably been squashed with the recent goings-on at the profitable online dating service. Eharmony is making over $100 million in revenue each year, remarkable for a service many thought was doomed from the start. Lazy daters are driving the membership, turns out serious daters are tired of browsing and searching profiles and will gladly pay to have someone else (in this case a database server) do the heavy lifting.
Founding investor, Greg Waldorf, has been installed as interim chief executive officer while the CEO search continues.
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