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The Relationship
The Relationship Corp operates out of Dallas, with Steve Happas as Co-Founder and CEO alongside Ophir and David Laizerovich, who co-founded the affiliated...
The Relationship
The Relationship Corp operates out of Dallas, with Steve Happas as Co-Founder and CEO alongside Ophir and David Laizerovich, who co-founded the affiliated ad-tech and patent holding company Conversion Squared Corporation. The firm's public footprint traces to opportunistic principal investments in digital consumer platforms. In a notable transaction, it held the dating application Once before selling the asset to Dating Group in 2021, confirming a buyout-to-exit capability within consumer internet. The firm deploys across early-stage venture and buyout transactions, concentrating on consumer-facing technology and digital media. The Relationship's strategy appears deal-driven rather than fund-cycle-driven — it acquires, operates, and divests portfolio companies directly off its balance sheet. The Once exit to Dating Group demonstrates an ability to attract strategic acquirers for niche social and lifestyle applications. The Laizerovich brothers' parallel venture, Conversion Squared, holds a portfolio of issued patents in Addison, Texas, suggesting The Relationship can draw on proprietary ad-tech and conversion-optimization infrastructure when scaling its consumer-platform holdings. Beyond the core partnership, the firm collaborates with operators like Sahil Patel, who became CEO of the fantasy sports venture FantasySpin by 2025. The leadership trio supports several Dallas-based charitable initiatives, including the Dallas Holocaust and Human Rights Museum and the Jewish Federation of Greater Dallas. The firm's operational geography is concentrated in the Dallas–Fort Worth metroplex, with no disclosed additional offices. In 2025, FantasySpin installed Patel as CEO, signaling continued active incubation of sports-media properties under the group's umbrella. What distinguishes The Relationship is an integrated operator-investor model: the principals invest personal and partnership capital directly into companies they can also service through Conversion Squared's customer-acquisition technology stack. This blurs the line between pure financial sponsor and operating company, creating a self-reinforcing loop where ad-tech patents and media assets feed each other's growth.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Dallas
Corporate office
Dallas, TX, United States
Principals
Steve Happas
Co-Founder and CEO
Ophir Laizerovich
Co-Founder and President of Conversion Squared Corporation
David Laizerovich
COO and Co-Founder of Conversion Squared Corporation
Sector focus
Frequently asked questions
Who runs investment decisions at The Relationship Corp?
Co-Founder and CEO Steve Happas leads The Relationship Corp, working alongside Ophir and David Laizerovich. The Laizerovich brothers simultaneously serve as executives at Conversion Squared Corporation, a related ad-tech and patent-holding entity. Investment decisions appear to be made collectively among this tight leadership group, with no external investment committee disclosed.
What is Conversion Squared Corporation, and how does it relate to The Relationship?
Conversion Squared Corporation is a co-founded affiliate based in Addison, Texas, that holds a portfolio of issued patents in digital advertising and customer-conversion technology. Ophir Laizerovich acts as its President and David Laizerovich as COO — the same principals behind The Relationship Corp. The patent portfolio likely provides proprietary tools that The Relationship's media and consumer-tech holdings can deploy for user acquisition.
Is The Relationship Corp a venture capital firm or a holding company?
The Relationship operates as a hybrid: it makes direct balance-sheet acquisitions as a holding company, while also incubating early-stage ventures. The firm bought and later sold the dating app Once to Dating Group in 2021, and by 2025 had installed Sahil Patel as CEO of its fantasy sports incubation, FantasySpin. This suggests a permanent-capital, deal-by-deal posture rather than a blind-pool fund structure.
What was the Once dating app transaction?
The Relationship Corp acquired the dating application Once and subsequently sold it to Dating Group in 2021. The exit demonstrates the firm's ability to buy consumer-social platforms, add operational value, and find strategic acquirers. Financial terms of either transaction were not publicly disclosed.
What industries does The Relationship actively invest in?
The firm concentrates on consumer internet, digital media, and social platforms. Publicly confirmed holdings have included the dating app Once and the fantasy sports venture FantasySpin. Its affiliated patent portfolio at Conversion Squared suggests additional technical capability in ad-tech and conversion optimization.
Does The Relationship Corp maintain philanthropic structures?
The leadership group directs personal charitable giving toward Dallas-based institutions, including the Dallas Holocaust and Human Rights Museum and the Jewish Federation of Greater Dallas. There is no public record of a separate foundation vehicle controlled by the firm, but the principals have also been associated with the Jewish National Fund-USA.
How does The Relationship Corp source its deals?
The firm's deal flow appears to originate from its principals' networks within the Dallas technology community and the broader consumer-internet ecosystem. Given the small, operator-led team structure, sourcing is likely relationship-driven and opportunistic rather than run through a systematic origination engine.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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