Gary Kremen Net Worth

June 2024 · 3 minute read

Gary Kremen net worth is
$1.2 Million

Gary Kremen Wiki: Salary, Married, Wedding, Spouse, Family

Gary Kremen (born 1963) is the entrepreneur who invented online dating, founded the personals site Match.com, was the first registrant of Sex.com, and founded Clean Power Finance.Born in the Chicago area, he graduated from Niles West High School in 1981 and then graduated with bachelor's degrees in electrical engineering and computer science from Northwestern University in 1985 and an MBA from Stanford University in 1989.Kremen launched the software firm Los Altos Technology and headed the company until late 1992.In 1993, Kremen founded Electric Classifieds, Inc. the first company to bring classified advertising to the Internet. Funded by private investors in November 1994, he launched the online personals service Match.com in April 1995. After troubles with venture capitalists over his insistence that the company serve profitable alternative market segments including the LGBT market, he left Match.com in March 1996, remaining on the board of Electric Classifieds. Over Kremen's objections, Match.com was sold to Cendant Corporation for $7 million in 1998 and sold by Cendant to Ticketmaster a year and a half later for $50 million.From 1995 to 1996, Kremen founded and served as president of NetAngels.com, Inc., an Internet profiling and personalization company that suggested web sites to users. He left when NetAngels merged with Boston personalization software firm Firefly Network, Inc. in 1997, and Firefly was sold to Microsoft in 1998 in a reported $40 million deal.In 1999, he was listed as an equity-holding officer or director of Brightcube, Inc.Kremen is credited as a primary inventor on a 1995-filed patent for dynamic web pages, US patent number 5,706,434, which he later sold for over $1,250,000. Additionally, Kremen holds two other patents in financial-related systems management: US patent number 7,698,219 and US patent number 7,890,436A 2007 New York Times article on "millionaires who don't feel rich" reported that Kremen estimated his net worth at $10 million.Kremen resides in the San Francisco Bay Area. He is the founder of residential solar financing start-up Clean Power Finance, Inc., which raised $6.9 million from investors in January 2010, $25 million from Kleiner Perkins, $75 million from Google in September 2011, and $42 million from utility investors such as Duke EnergyHe is also founder and chairman of Sociogramics, a financial services company that focuses on bringing credit to the underbanked, having raised seed capital from Tugboat Ventures, Harmony Venture Partners, Trinity Ventures, Greylock Partners, Claremont Creek Ventures, and QED Investors.Since 1993, Kremen has been a private and angel Investor in over 50 companies (individually or through venture capital funds), of which several have gone public or had liquidity events. Kremen is the founding investor and a board member of CrowdFlower and WaterSmart Software and CapGain Solutions. He is an elected board member and president of the Purissima Hills Water District as 
Net Worth$1.2 Million
Date Of Birth1963-01-01
ProfessionAmerican businessman
NicknamesGary Kremen, Kremen, Gary

Self

TitleYearStatusCharacter
Ctrl+Alt+Compete2011DocumentaryHimself
SexTV2003TV Series documentaryHimself

Known for movies

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