Tinder’s chief product officer Brian Norgard needs to get again to his entrepreneurial roots, citing former PayPal executive-turned-venture capitalist Keith Rabois as inspiration.
Norgard, who joined Tinder as a part of the acquisition of his Kleiner Perkins-backed ephemeral messaging startup Tappy in 2014, has confirmed to TechCrunch that he’s left the app-based courting firm to deal with constructing merchandise and investing in early-stage companies. Tinder has not but recognized his successor, however Norgard says “it’s all optimistic vibes” between him and the corporate.
Norgard started as Tinder’s head of income earlier than being promoted to the chief product function in late 2016. Previous to becoming a member of Tinder by way of Tappy, he co-founded two different profitable startups: Chill, a Fb software that garnered 30 million customers, and adtech startup Newroo, which was acquired by FOX Interactive in 2006.
“It’s been an amazing trip however my energy has at all times been within the early-stage sport,” Norgard advised TechCrunch. “What I’m making an attempt to do now’s take all of the learnings from that great expertise and convey them into my investing.”
Although he’s but to signal on in any official capability, Norgard mentioned he’s in talks with a number of completely different entities about investing roles.
Norgard mentioned he’s invested in a single firm up to now, a cryptocurrency mining startup referred to as Coinmine based by Justin Lambert, who helped design the second iteration of the Pebble watch, and Farb Nivi, the previous chief product officer at Learnist. Coinmine is promoting a crypto mining system, comparable in dimension and look to an Xbox, that’s managed by a cellular app. The system is supposed to assist anybody, crypto fanatics and in any other case, mine crypto simply. Nivi advised TechCrunch the internet-connected system makes use of much less power than a PlayStation.
The Los Angeles-based startup is formally launching in the present day with Norgard signed on as an lively advisor.
“There are a whole lot of parallels I draw from Coinmine and Tinder,” Norgard mentioned. “On-line courting was very sophisticated six years in the past. It was an arduous course of and so is mining. You must be fairly subtle, however this takes it right down to the studs. A standard client with no technical data can get into the crypto sport.”
Coinmine, which raised a complete of $2 million, can be backed by Coinbase Ventures, Social Leverage, Arrington Capital, Marvel VC and angel traders like Coinbase’s chief expertise officer Balaji Srinivasan.