How Andrey Andreev Found Success In The Social Discovery Business

Andrey Andreev is one of the biggest names in the online dating industry. He is behind four social discovery apps that collectively have more than 500 million users around the world. Before getting into this industry he has launched and sold three technology firms. He was born in Moscow and now lives in London. He went to college for only a short time before deciding he would rather travel across Europe (Globaldatinginsights). 

While living in Spain, Andreev launched Virus. This online company sold personal computers and associated accessories to people and businesses in Russia. Andrey Andreev successfully sold this company two years later. His next company was SpyLog which provided webmasters a way to track their visitors and their habits. He sold this company and launched Begun. This is a contextual marketing firm that was nearly bought by Google in 2008.

He became interested in entering the social discovery space in 2006. Andrey Andreev launched Badoo which a social discovery app that is used in 190 countries by 430 million people.  You can find more information at Businessinsider articles reviews about Badoo´s figures. In 2014 he supplied the capital, technology, and operational structure to launch Bumble. He is an active partner in this company and owns a majority of its shares. 

Andrey Andreev is also an active partner of Chappy. This company provides people in the gay community with a social discovery app tailored to their needs. His latest company is Lumen which has been designed to meet the dating needs of people age 50 and over. He says that “mature dating” is really boring and Lumen is designed to be a lot more fun. In 2018, Forbes named him as one of the world’s billionaires for the first time. When they named him to this list his net worth was pegged at $1.5 billion. His net worth is up to $2.4 billion in April 2019.

Andrey Andreev recently created Magic Lab which is the parent organization of his social discovery apps. Just started in June 2019, his plan is to invest in entrepreneurs that have great new ideas for these types of apps. His organization can offer them a shared integrated technology platform to use that will enable them to quickly launch. His organization will take an ownership interest in these startups and pay their marketing costs.

 
Available news on Andreev´s business projects at https://www.bloomberg.com/news/articles/2018-10-11/bumble-owner-targets-nasdaq-ipo-to-become-world-s-top-matchmaker

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