eHarmony CEO Dr. Neil Clark Warren

1 00:00:07,160 --> 00:00:10,289 now you may not know this but the day after Christmas kicks off the biggest 2 00:00:10,289 --> 00:00:11,709 season ABI your 3 00:00:11,709 --> 00:00:16,480 for all online dating which is gone from being kinda punchline people joked about 4 00:00:16,480 --> 00:00:20,860 didn't secret to a major this is considered totally socially acceptable 5 00:00:20,860 --> 00:00:24,970 among especially the younger generation the largest player in the spaces I see 6 00:00:24,970 --> 00:00:26,959 interactive which owns Match dot com 7 00:00:26,960 --> 00:00:29,969 and OK Cupid but they're just one piece in the puzzle 8 00:00:29,969 --> 00:00:34,350 this cats and dog interactive com spiked the most effective player 9 00:00:34,350 --> 00:00:37,920 the one that study after study has shown guess users the best matches 10 00:00:37,920 --> 00:00:40,970 but the lost four straight knee injury is the number two player 11 00:00:40,970 --> 00:00:45,000 the privately held the harmony effect he want me so quit matching people with 12 00:00:45,000 --> 00:00:45,680 other people 13 00:00:45,680 --> 00:00:49,460 that the companies decide to branch out into matching people with call please 14 00:00:49,460 --> 00:00:53,300 find the best fit for a given job the companies developing this capability 15 00:00:53,300 --> 00:00:54,400 right now 16 00:00:54,400 --> 00:00:58,140 an expected to graduate roll out with him alpha version coming out at the end 17 00:00:58,140 --> 00:00:58,710 the year 18 00:00:58,710 --> 00:01:02,500 and a full raw Kamen sometime in the second quarter 2050 I think can be used 19 00:01:02,500 --> 00:01:02,870 on 20 00:01:02,870 --> 00:01:06,939 could could overshadow company now last night at a chance to go off the tape and 21 00:01:06,939 --> 00:01:07,869 talk to doctor 22 00:01:07,869 --> 00:01:11,450 Neil Clark warn the founder chairman and CEO 23 00:01:11,450 --> 00:01:15,899 %uh even for me that was the big thing the show take a look doctor I'm thrilled 24 00:01:15,899 --> 00:01:16,590 you're here 25 00:01:16,590 --> 00:01:20,420 and we on wall street talk about algorithms an algorithm that produces 26 00:01:20,420 --> 00:01:22,530 the possibility of a successful trade 27 00:01:22,530 --> 00:01:25,749 I feel some way did he harmony was the first 28 00:01:25,749 --> 00:01:29,240 algorithm well I got a day we've had ten 29 00:01:29,240 --> 00:01:32,920 billion matchups shares billion messages 30 00:01:32,920 --> 00:01:36,100 and we've had a million marriages 31 00:01:36,100 --> 00:01:39,409 so as two million people and then we'll be on a million 32 00:01:39,409 --> 00:01:42,479 other couples who've gotten together 33 00:01:42,479 --> 00:01:45,819 but they haven't got married because they're wary other 34 00:01:45,819 --> 00:01:49,020 right but we've had a lot of experience with matches and 35 00:01:49,020 --> 00:01:52,569 we hope we can keep doing that for the rest for days 36 00:01:52,569 --> 00:01:56,130 you have documented impure a call success 37 00:01:56,130 --> 00:01:59,598 verses the competition right Aurea well 38 00:01:59,599 --> 00:02:04,469 the you know we we did a big study have 20,000 marriages 39 00:02:04,469 --> 00:02:08,240 and we did really well with that study you you 40 00:02:08,240 --> 00:02:11,940 you you have to understand how thrilling India's 41 00:02:11,940 --> 00:02:15,160 to find that people really believe 42 00:02:15,160 --> 00:02:19,890 up that they wanna be with the same person for all the rest of their lives 43 00:02:19,890 --> 00:02:20,230 there 44 00:02:20,230 --> 00:02:25,390 they're absolutely sure but and our divorce rate is only 3.86 percent 45 00:02:25,390 --> 00:02:28,920 versus the pop general population well 46 00:02:28,920 --> 00:02:32,730 you know the divorce rate in the general population can go as high as forty 47 00:02:32,730 --> 00:02:35,980 right 5 percent so 3.86 percent 48 00:02:35,980 --> 00:02:38,820 is pretty thrilling number know what are the things I thought was very 49 00:02:38,820 --> 00:02:40,859 interesting was this new idea about 50 00:02:40,860 --> 00:02:45,460 Eve harmony plus I'm we spent a lot of time talking with companies that are 51 00:02:45,460 --> 00:02:50,200 cloud-based companies that do human resources and tell you that they manage 52 00:02:50,200 --> 00:02:53,660 whose are hired he's not but you're using this 53 00:02:53,660 --> 00:02:56,990 very brilliant algorithm again figure who matches 54 00:02:56,990 --> 00:03:01,810 company or person well I'm really excited especially because I don't 55 00:03:01,810 --> 00:03:05,410 I don't know very many great marriages where the person comes home every night 56 00:03:05,410 --> 00:03:05,859 and says 57 00:03:05,860 --> 00:03:11,260 I hate my job if you love your job you have a much better chance a blob in your 58 00:03:11,260 --> 00:03:12,310 marriage right 59 00:03:12,310 --> 00:03:16,350 right so we decided we're going to get into marriage is over that last three 60 00:03:16,350 --> 00:03:20,829 I mean getting to jobs sold for the last three years we work on careers 61 00:03:20,830 --> 00:03:23,920 and week we take bond for things we say 62 00:03:23,920 --> 00:03:27,690 do you have the the same kind of culture as this company 63 00:03:27,690 --> 00:03:31,290 has do you you do match up on culture and then 64 00:03:31,290 --> 00:03:34,880 are we want the person to I have this 65 00:03:34,880 --> 00:03:39,470 the gym good tools to do the job that may need to do and we can 66 00:03:39,470 --> 00:03:43,250 we can determine that pretty fast we want them to have a great personality 67 00:03:43,250 --> 00:03:43,940 fit 68 00:03:43,940 --> 00:03:47,500 with the person abe report to and then the poor thing is ur 69 00:03:47,500 --> 00:03:51,540 there by a dirty and other people who usually that you need to have a great 70 00:03:51,540 --> 00:03:52,709 personality fit with 71 00:03:52,709 --> 00:03:56,840 if you have those four things you have a great job well this brings me to what 72 00:03:56,840 --> 00:03:59,930 obvious point which is that I A I 73 00:03:59,930 --> 00:04:03,580 a CI okay yeah their real money-maker 74 00:04:03,580 --> 00:04:07,380 is match this service that you're just talking about 75 00:04:07,380 --> 00:04:11,930 would be ideal for many corporations and the marketplace 76 00:04:11,930 --> 00:04:16,350 stock market would love a state in that particular company 77 00:04:16,350 --> 00:04:21,140 what you want to give you apartheid your company up to be in public 78 00:04:21,140 --> 00:04:25,400 given the fact that you have succeeded so much I pictured successful people 79 00:04:25,400 --> 00:04:28,820 people got married successfully 10 new corporations 80 00:04:28,820 --> 00:04:32,719 that abuse you would turn own shares why not go there I witnessed 81 00:04:32,720 --> 00:04:36,380 be given what you just told me if I could on stock I'd like to be some well 82 00:04:36,380 --> 00:04:40,140 I love your saying that and we've been kinda moving a little bit that way 83 00:04:40,140 --> 00:04:43,719 when I you know when you been to a kind of a tough time where 84 00:04:43,720 --> 00:04:47,500 were people took over we sold thirty percent of our company back a ways 85 00:04:47,500 --> 00:04:51,729 and people together and they didn't know how to run it and thing sorry kinda yeah 86 00:04:51,729 --> 00:04:52,570 I miss 87 00:04:52,570 --> 00:04:57,719 and so Here I am as old as I am and I solar house in Maine it moved back to 88 00:04:57,720 --> 00:04:59,510 California to be as CEO 89 00:04:59,510 --> 00:05:03,510 the company you're kinda we're re your little wary 90 00:05:03,510 --> 00:05:07,270 up selling your company does its other people right but 91 00:05:07,270 --> 00:05:11,669 up but we've been thinking more and more about one cuz a liquidity event can 92 00:05:11,669 --> 00:05:15,810 is something you have to considered any age I you know over and I'm sure the 93 00:05:15,810 --> 00:05:16,810 bankers are down 94 00:05:16,810 --> 00:05:20,890 your visor since you need a liquidity Venser I know I know we need 95 00:05:20,890 --> 00:05:24,690 we probably do need to liquid implant but I J we 96 00:05:24,690 --> 00:05:28,469 we need a lot less than we used to because we make enough money 97 00:05:28,470 --> 00:05:31,940 we pay our people on up and we give them great bonuses 98 00:05:31,940 --> 00:05:37,400 and we won we want all of them to feel like poo way do they appreciate us here 99 00:05:37,400 --> 00:05:42,180 and the maybe we'll have to do something like an IP or just for that 100 00:05:42,180 --> 00:05:45,660 well glad I could be a great fit with the marketplace in you've done a lot of 101 00:05:45,660 --> 00:05:46,080 great 102 00:05:46,080 --> 00:05:48,760 you've done a lot of great news for people you wouldn't be done a great 103 00:05:48,760 --> 00:05:50,539 great thing and I also miss me company 104 00:05:50,539 --> 00:05:54,300 is the way I look at it well I'm very excited about that but I'm 105 00:05:54,300 --> 00:05:58,630 I'm excited about being on the show you know you gotta listen to me 106 00:05:58,630 --> 00:06:02,940 dad that I'm older than field so you've got lots of Terminator 107 00:06:02,940 --> 00:06:07,180 I love being on the show doesn't represent the habit 108 00:06:07,180 --> 00:06:10,670 beds doctor know clark March in the batter Chevron covy 109 00:06:10,670 --> 00:06:14,030 me I'm honored sir thank you for those kind words good to see you 110 00:06:14,030 --> 00:06:15,100 good if they work great

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