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“We’re popping champagne bottles right now,” he adds.
Cremades and fellow co-founder Tanya Prive certainly have a few reasons to celebrate: Onevest absorbed its top competitor and nearly tripled its user base to a total of 250,000 of founders in its network.
Alter said Founder Dating sits in a slightly different place than other professionally focused networks like Angel List and Linked In do.
She said Linked In looks backwards into the past at a person’s resume, while Founder Dating looks into the future.
How do you know where to find people with ultra-specific domain expertise?
Onevest will be bringing on only some of Founder Dating’s existing staff members as part of the acquisition — the company’s technical team and its managing directors.
And this isn’t the first time Onevest has bought out a competitor — it has also acquired entrepreneur networking sites Tech Co Founder.com, Founder Matchup.com, and Bizpora in the last four years.
But it’s a highly curated network and Alter turns away about 60 percent of the people who want to join. “The people part remains exceedingly hard, even though it’s cheaper and easier to start something than it was five to eight years ago,” she said.
“We’re the people network for entrepreneurs.” Initially, she focused on connecting potential co-founders.