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Andrew Conru, CEO of FriendFinder Networks, to keynote Internext

The keynote speaker for the 2014 Internext Expo will be Andrew Conru, founder and CEO of FriendFinder Networks. Conru’s keynote address will be delivered January 12 from 4-5:30 p.m. in Vinyl at the Hard Rock Hotel & Casino Las Vegas.

FriendFinder owns Penthouse and a string of adult entertainment websites including Cams.com, but of course the company is best known for adult dating site AdultFriendFinder.com.

Conru started FriendFinder in 1996 while finishing a Ph.D. in mechanical engineering design at Stanford. The company’s mission was to create a one-stop shop for all types of relationships and it grew rapidly for the next twelve years. In December 2007, he handed over the keys to a private equity group for a small initial payment with the remainder in IOUs. Unfortunately, the company drifted from its core mission and suffered.

The company went public in 2011, expecting to collect nearly $500 million because of the healthy revenues it was reporting from online subscriptions, video content sales, and various Penthouse licensing deals. The initial public offering raised less than $50 million, however.

In September 2013, FriendFinder filed for bankruptcy, blaming its debt of more than $544 million — most of it assumed from its $400 million purchase of Various, a network of dating sites, in 2007. After buying Various, FFN had merged its online properties with its Penthouse Media Group holdings.

After a drawn-out restructuring, in December 2013 Conru again became the majority owner and returned as CEO. As a hands-on software and design guy, he remains committed to the company’s growth.

Internext, billed as “the Worldwide Business & Educational Conference”, will be held January 11-14, 2014 at the Hard Rock Hotel & Casino in Las Vegas.

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