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Month: May 2011

MobiFriends.com Seeking Investors

Posted on May 6, 2011

Mobifriends logo OPW – May 6 – Mobifriends.com, a site that lets users find friends or relationship via Internet or mobile phones, is looking to raise ~300 Euro in order to continue improving their SEO, launch Facebook app, app for iPhone and Android and develop new services such as virtual gifts and groups with forums. Mobifriends.com, founded in 2006 with official launch in March 2009,  has currently 100K users. Contact Mobifriends.com founder and CEO, Lluis Carreras if you are interested in investing in this company.

This post is a part of our "IDEA Investor Connect" program. We help investors (angels, VCs and private equity) connect with investment opportunities in the internet dating space. If you're looking to invest, please let me know what you're looking for and your budget range.

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Zin.gl Mines SN Data To Help Singles Find Their Perfect Match

Posted on May 5, 2011

Zingl logo TECH CRUNCH – May 5 – Dating site Zin.gl was designed not to appeal to masses of users. Zin.gl instead aims for quality, not quantity, having developed a way to mine existing social networks such as Facebook, LinkedIn, Twitter and Foursquare for valuable ‘dating information’, and then feeding that data into its ‘social matching’ systems. People who sign up for Zin.gl will find compatible dating partners, with unquestionable real identities. Zin.gl was founded by Alexander Dresen, who previously started place.to.be, the first chat site in Belgium, as well as its first social network, LookNMeet. The company has raised $600K from angel investors.

by Robin Wauters
See full article at Tech Crunch

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Honor Mom – Or Another ‘Daddy’ Will

Posted on May 5, 2011

Ashleymadison logo new apr 2010 NY POST – May 5 – This is a wakeup call to married men: This Sunday is Mother's Day. Do not scoff. The day following Mother's Day is the No. 2 date on which women seek love outside marriage. And No. 1? The day after Valentine's Day. For a decade, Ashley Madison, the online dating site that claims more than 9M members, has hooked up frustrated women with appreciative guys. On a normal Monday, 2,500 to 3,000 women join. But last post-Mother's Day, May 10, was a record. Some 31,427 women signed up. The average age is 36.

by Andrea Peyser
See full article at NY Post

Mark Brooks: This is pretty much the social warning call for the rise of the infidelity sites. Look after your girl, or someone else will.

See all posts on AshleyMadison

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Badoo Built A Billion-pound Social Network… On Sex

Posted on May 5, 2011

Badoo logo WIRED.CO.UK – Apr 25 – – Apr 25 – Badoo is a 120M-member social network that's adding ~300K users a day. Its Facebook's fastest-growing app, with 570K new daily users, making it the 3rd biggest app, after FarmVille and CityVille. Still barely registering in Britain or the US, the free network is a mass phenomenon in Brazil (14.1M members), Mexico (9M), France (8.2M), Spain (6.5M) and Italy (6M). Andrey Andreev founded Badoo and highly profitable Russian internet businesses: Mamba, SpyLog, Begun. Badoo launched in 2006 in Spain, where Andreev was living, as a photo-sharing site. The site wasn't generating revenue, but was growing sharply. In 2008, Andreev refocused the site on meeting new people. He introduced premium services. You could pay a dollar or euro to "rise up" the search results. In 2009, the site had 48M users and 20% were paying to boost their profile. Badoo Mobile launched on the iPhone and Android and was downloaded 1.5M times in 8 months. Forbes Russia put Andreev in the top 30 successful businessmen in Russia.

by David Rowan
See full article at Wired

Mark Brooks: $2 billion! Kthud! (fell off chair). There's hope and money and prospects left in the idating industry yet. 😉

See all posts on Badoo

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Putting A Price On Love

Posted on May 5, 2011

Whatsyourprice logo SF GATE – May 5 – Brandon Wey's new dating site is called WhatsYourPrice.com. His company Infostream operates such sites as SeekingArrangement.com and SeekingMillionaire.com. Both businesses were instant successes — SeekingArrangement.com now has ~800K members. WhatsYourPrice.com is a site that lets "generous" members bid cold hard cash — $20, $100, even $1,000 a pop — for dates with "attractive" ones. It's a concept he calls "eBay for dating." It's worked so far. The site has registered 30K members who have already paid (and been paid) for ~5K dates. "On WhatsYourPrice, you put money down to get a girl's attention, she gets the money to reduce her risk in wanting to meet you, and you get a guaranteed chance to prove yourself," Brandong says.

by Jeff Yang
See full article at SF Gate

Mark Brooks: WhatsYourPrice is a fun spin on an old model. Hooker…I mean hookup sites for the money-inclined and money-laiden. Lay being the operative word.

See all posts on WhatsYourPrice.com

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Location Based Dating: Concerns Over Privacy

Posted on May 4, 2011

Meetic philippe chainieux BLOOMBERG – May 4 – Meetic is joining start-ups including MeetMoi in offering location-based dating services. Meetic will introduce features this year that let handset users find out real-time who’s around them and interested in meeting, and match potential soulmates who, for example, frequent the same gym, Managing Director Philippe Chainieux said in an interview.The number of European Web users visiting a dating site “almost every day” through their mobile rose 49% between February 2010 and 2011 to 2.8M, according to comScore. The number doing so at least once a week climbed 44%. Convenient mobile services will give dating sites a chance to boost their “conversion rate". Location-based iPhone and Android app FlirtMaps topped 500K downloads last month, with that figure expected to double by the end of the year. Grindr, an app for gays boasts 62K users in London alone. Still, safety concerns may slow the adoption of location- based dating. To ease some of those concerns, FlirtMaps limits geo- localization to a one-kilometer radius. Meetic is considering making only men visible on its pending real-time “flirting” service, keeping women’s locations at a given moment mostly off the map.

by Matthew Campbell
The full article was originally published at Bloomberg, but is no longer available.

See all posts on Meetic          See all posts on FlirtMaps
See all posts on MeetMoi        See all posts on Grindr

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Online, Is Dream Date A Scam?

Posted on May 4, 2011

Scammer WSJ – May 4 – Many of the profiles on dating sites are scams, fake profiles people put up as a tool to trick people into giving them money. eHarmony spokesman Paul Breton says the company tries to educate members about safety, and a full-time team reviews profiles using technology and their instincts. The online dating industry says scammers represent a small fraction of all profiles. "But scammers are aggressive," says Mark Brooks, an industry consultant who has worked with Cupid and PlentyofFish. At the FBI, one Cyber Division section chief, Tim Gallagher, says most scammers operate from abroad, especially West Africa and the former Soviet republics. Brooks said: "Online-dating sites use three lines of defense against scammers. There's technology: An automated system will track how many messages a profile sends per hour, or searches for words like "wire." A security team may scan suspicious profiles. Most reputable sites encourage users to flag inappropriate behavior, including money requests." Global Personals, the British owner of U.S. sites including Texasdating.com and Theseniordatingagency.com, says it has a person—not a computer—check every photo, profile and message. Global Personals estimates it identifies about a dozen scammers a day and pulls their profiles down immediately.

by Elizabeth Bernstein
See full article at WSJ

"The issue of scammers is a pressing problem and has been a major source of concern for most of our clients. Without an effective screening mechanism, it would spell big trouble for expanding dating sites" says Siamak Ayani, CEO of OculusAI, a company that provides Image Moderation services to Dating Sites. He adds that his company has been developing an intelligent system to flag scammers based on their images by comparing them with known scammer images.

(Full Disclosure: Global Personals and OculusAI are clients of Courtland Brooks)

See all posts on eHarmony

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Virtual Internet Dating Conference Today!

Posted on May 4, 2011

Idate virtual OPW – May 4 – Today (May 4th) is the virtual internet dating conference, starting at 8am EST and ending at 8PM EST. Registration for the event is open now at idatevirtual.com. Powered by virtual event platform software HVC, the free-virtual tool allows you to meet delegates and communicate prior to the conference in June. The one day virtual pre-conference is free for both attendees and non-attendees to the June 22-24 Internet Dating Conference in Los Angeles. See you at the virtual iDate!

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Digital Romance: The Business Of Online Dating

Posted on May 3, 2011

Online dating - couple walking on keyboard ATLANTA POST – May 3 – Online dating is now the third most popular way for singles to meet, ranking behind the workplace and school (#1) and friends and family (#2), but ahead of bars (#4), according to an eHarmony study. ~113M people visit dating sites each month. 6 out of 10 African Americans are unmarried, according to Packaged Facts, while according to the 2004 U.S. census, 42% of all black women have never been married. Such statistics make the black community a prime target for the online dating industry. BlackPeopleMeet.com, was the 11th most visited dating site in March, reaching 4% of the total U.S. black population, according to Experian Hitwise. Other sites targeting African Americans include BlackSingles.com, AfricaSingles.net, BlackPeopleLove.com and SoulSingles.com. ~90% of online daters stick to the top 100 dating sites though, according to industry consultant Mark Brooks. Among the world's top sites are PlentyofFish, Zoosk, Manhunt, eHarmony. These sites offer relationship services that social networks do not, Brooks pointed out. "Dating sites protect the name and identity of people until they're ready to give it up. Facebook is a handy tool for researching people. You can look them up on Facebook and see what kind of company they keep. So the two work hand in hand."

How are Internet dating sites changing society? In a number of significant ways.
People are able to weed out people with show-stopping attributes. Second, dating sites have leveled the playing field for men and women. Women are not penalized for making first moves. Third, as a research paper by Brooks points out, singles are becoming more picky because online dating allows them to be more selective.

Online dating has a well-known downside. People online tend to lie about themselves. According to a study by OKCupid, men fib about their height. Half of all daters lie about their weight, and most people inflate their salaries by ~20%. A danger to avoid is a tendency to mask faults by creating the perfect date in the mind's eye. "When you start talking to somebody and you really want them to be the perfect match, you might start projecting qualities onto them that you would most desire, and that's called the halo effect," said Brooks. "There's a huge fantasy element to this, which is one reason why the virtual world sites are big," he continued. "There's a mental need for this, for believing that virtual worlds are better than the real world. A lot of Internet daters are disappointed. And ultimately people need to get out on 20 dates before they ever make their choice. They need to go experience the real world first." Chemistry counts, and daters must meet in person to develop a close relationship. "Personally, I do not think we will ever take the mystery out of dating and intimate connection," said Dr. Thomas Bradbury, eHarmony advisor, professor of psychology and founder of the Marriage and Family Development Lab at UCLA. "We are hard-wired to connect, and the daily challenges of creating, maintaining, and improving that connection are likely to be always just outside our grasp."

by Steven Barboza
The full article was originally published at Atlanta Post, but is no longer available.

See all posts on eHarmony               See all posts on Zoosk
See all posts on BlackPeopleMeet     See all posts on Manhunt
See all posts on BlackSingles            See all posts on OkCupid
See all posts on Plentyoffish

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Introduction To The Business Of Internet Dating

Posted on May 3, 2011

OPW – May 2 – The Courtland Brooks team and I are running a 3 hour session on the business of internet dating at iDate Los Angeles. Care to join me? Pricing is discounted through until Friday. Then it goes up a notch. Here's my video describing the session. I hope to see you there. L.A. is always fun, and the SLS Hotel is very classy. The agenda is coming together nicely now.

 

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