The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Bumble's Whitney Wolfe Herd on How The Best Leaders Manage Intense Pressure, How To Think Through Risk vs Reward Frameworks & What it Truly Means to Listen so Your Teams Will Talk
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Aug 26, 2022 Whitney Wolfe Herd, founder and CEO of Bumble, shares her inspiring journey from co-founding Tinder to building a dating app that empowers women. She discusses the pressures of leadership, revealing her highest-pressure moments and how they've shaped her decision-making. Transparency is a key theme, as Whitney highlights its benefits and pitfalls in effective leadership. She also emphasizes the importance of truly listening to teams and maintaining a balance between risk and reward, all while navigating her role as a mother and entrepreneur.
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Bumble's Origin
- Whitney Wolfe Herd's departure from Tinder became very public, leading to online hate and abuse.
- This experience inspired her to create a kinder digital space, eventually leading to Bumble.
Kindness-First Approach
- Wolfe Herd theorized that initiating conversations with compliments would foster kinder interactions.
- This idea, combined with the dating app suggestion from her business partner, shaped Bumble's initial concept.
Balancing Heart and Data
- Balance heart and data in decision-making: let your beliefs guide you but back them up with data.
- Listen to your customers, as they provide valuable insights into what works and what doesn't.
