# The Relationship

The Relationship is an Asset Manager based in Dallas, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Dallas, United States
- **Region:** North America
- **Address:** Dallas, TX, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** therelationshipcorp.com
- **LinkedIn:** https://www.linkedin.com/company/therelationshipcorp

## Regulatory record

- **Reports private funds:** No

## About

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. 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.

## Sectors

- Media & Entertainment
- Enterprise Software

## People

- 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

## 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 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.

## Related profiles

- [The Raine Group](https://altss.com/profile/the-raine-group)
- [The Richmond Group](https://altss.com/profile/the-richmond-group)

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Last updated: 2026-08-11T02:43:31.692Z

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