Month: August 2011
The Vancouverite behind PlentyofFish
THE GLOBE AND MAIL – Aug 25 – Markus Frind founded PlentyofFish.com in 2003 on his home PC. Today, it’s the most popular dating site in the country. When he built the site, there was no shred of a business plan, just a basic offering. "When I first met Markus at a conference in 2006," recalls Mark Brooks, a consultant for the Internet-dating business, "he said, 'I’m going to be the biggest dating site in the U.S.' I pooh-poohed his hokey little site. Then he made me eat my words." Because it’s the Internet, and nothing makes sense, the site’s original aesthetic laziness bolstered its credibility. "It was underpromising in its looks and overdelivering in its service," says Brooks. "It sent the message, as a Craigslist does, that here’s this one guy doing us all a favour.” According to comScore, PlentyofFish draws 2.8 billion page views per month, compared to 723M for Match.com, and has 6.3M unique visitors. And the newly launched PlentyofFish mobile app has been downloaded by 1M users. Markus declares that PlentyofFish users send 5.5 billion e-mail messages to one another in a single year. Match.com has the mightiest revenue $400 million (U.S.) last year, with revenue up 20% in the first half of 2011. By comparison, says Frind, PlentyofFish’s earnings, generated solely from advertising, are in the "tens of millions."
On registering at PlentyofFish.com, users are asked a series of questions that determine whether they should be placed in a "commitment material" bucket or a “casual dater” bucket. Then the match pools are narrowed down to "people you aren’t likely to hate". From there, "every user affects another user’s behaviour."
by Maryam Sanati
The full article was originally published at Globe and Mail, but is no longer available.
OkCupid Revenue Released
POF BLOG – Aug 26 – OKCupid has released its revenue
2010 Revenue: $4.7M
2007 Revenue: $380,912
Employees: 18
Acquisition price was 50M cash and 40M earn out.
The full article was originally published at POF blog, but is no longer available.
Jazzed Officially Launches as a Social Dating Site
BUSINESSWIRE – Aug 25 - Jazzed, a social dating site from eHarmony where individuals share, meet and connect with interesting and like-minded people, has officially launched. Launched in beta last October, Jazzed now has 500K and its mobile app have been downloaded ~250,000 times. Everyone on the site must have at least three photos on their profile in order to have a full site experience.
The full article was originally published at Sun Herald, but is no longer available.
Chris Walker in Hospital
OPW – Aug 25 – Our thoughts and prayers for Chris Walker (Dating Starts Here). He had a back ache at iDate Miami. Turns out it was very very serious. He's in hospital now, and the prognosis is not good. Chris Walker is one of our heroes, and one of the founding fathers of the idating industry. He worked on Operation Match, while at Yale in the 60's. A punchcard based dating service. Here's our interview with him and a GQ article from January this year. He's an inspiration to our little industry. Please keep him in your thoughts and prayers.
Mark Brooks: Chris Walker passed away peacefully at home the evening of Wednesday 31st September. The Courtland Brooks team is just gutted. Chris was in great back ache pain at iDate Miami. Despite this he was quite brilliant, inquiring and contributed markedly to the conference. Noone suspected cancer.
Badoo COO on Social Network Dating
STRATEGY EYE – Aug 19 - Badoo describes itself as a ‘meeting network’, enabling users to find, chat and flirt with each other online. Here, COO Bart Swanson talks competition in the social networking space.
Q: How do you stand out from other social networking sites?
A: We don’t believe there’s a social network out there that’s in the meeting network space. Dating sites are after people who are looking for serious relationships; Facebook is the place where you go to meet with your existing friends.
Q: What platforms are you available on?
A: We have our own platform. We have an app on Facebook. We’re also on mobile. iPhone, Android and a WAP site. iPhone is the biggest and we see 2M downloads.
Q: What is your business model?
A: Badoo is first and foremost a free service. We have two ways in which we monetize. By customers who pay for subscriptions, getting various added services such as advanced search. The other part is premium one-offs. For example, you can promote yourself. We have been profitable for the last 24 months.
Q: You’ve raised $30M in VC funding. Are you looking to raise more cash?
A: We’re trying to figure it out right now. The company does not need any cash for expansion.
Q: What do you think is the hottest trend in digital media right now?
A: Location-based services on mobile
by Sarah Vizard
The full article was originally published at Strategy Eye, but is no longer available.
Sell Your Internet Dating Site!
OPW – Aug 24 – Courtland Brooks has a number of clients who are actively looking for internet dating site acquisition and investment opportunities, along with co-reg and profile buys. Budgets run from the $thousands to the $millions. Interested? Please let me know what you've got, and we'll vet and forward to clients for their consideration. If you don't mind being public, and have a reasonable 'priced-to-sell' price in mind, we can also list your site for sale on OPW. There's not cost for this. You can see a list of our current clients under on the right bar of OPW. – mark@courtlandbrooks.com.
iDate INSIDE Series: Episode #1 – Inside SpeedDate.com
OPW – Aug 23 – iDate INSIDE are a series of videos covering the inner operations of internet dating companies. The video shows the offices and the culture. Here is the first episode, a sneak peek into the SpeedDate.com's office.
For Sale: Be2.net, Bachelors.com, CupidCab.com
OPW – Aug 23 – Be2.net domain is for sale along with ~200K profiles. Contact Sladur LTD, if you are interested. Contact Alan Mooney for Bachelors.com. The asking price is $100k; and Mike Garcia is selling cupidcab.com for $10K which includes the pink cab 🙂
Dating Disasters in 140 Characters or Less
ABC NEWS – Aug 23 - FirstDateHell and its sister site Crapdate.com, which archives the jaw-dropping tweets, were founded by columnist and tech writer Rhodri Marsden. Since the beginning of FirstDateHell earlier this month, the page has received hundreds of comments and stories about similarly traumatic dating scenarios.
