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The MIT graduate and former Booz Allen consultant and General Electric employee failed in the dotcom world until he landed on what he loved: love."My inspiration was all the problems and challenges I suffered," he said, describing himself as painfully shy.One member is a man in his late 30s named Terrance, who works in Los Angeles as a bodyguard for celebrities.

Maybe late night/early morning, but definitely not primetime for your only playoff game, and for a company and commercial that most people have never heard of or seen before. Apparently MLB’s audience skews very single (as I type this, another Farmers Only ad is airing)."I was trying to solve my pains." In 2006 he launched Seeking Arrangement.com, the original "sugar daddy" dating site. Other dating sites followed, like Whats Your Price.com, where people "bid" on a first date with a woman. Payment helps compensate a woman for her own investment—"It's quite costly for any woman to go on a first date with a guy." Wade said Seeking Arrangement will bring in million in revenue this year "and is profitable." Whats Your Price will clear about million.Navigating Web dating's rough shoals: e Harmony CEO And now, for his next act, Wade has created Open Minded.com, "a safe and stigma-free environment that brings the ease and flexibility of online dating to the currently underserved world of open relationships." (Tweet This) "The traditional model of marriage and monogamy isn't working out for everyone," Wade told CNBC.Forty percent of members are between the ages of 18 and 35, with 38 percent between 35 and 50 years old.Wade said membership is growing at a faster rate than for Seeking Arrangement, and he believes one reason is because Open Minded is different from other sites targeting swingers.

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