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Month: September 2011

Soul2Match Link Dates Based on Facial Features

Posted on September 19, 2011

Soul2match logo NY DAILY NEWS – Sep 19 - Soul2Match is a new iPhone app that claims to match up singles based on facial recognition. The concept behind the dating site is simple: People are attracted to themselves. Users snap photos of themselves and run a search for singles who share their facial features. Earlier this year, FindYourFaceMate.com launched a prototype that operated on much the same idea of soul-mate sameness.

by Joyce Chen
See full articla at NY Daily News

See all posts on Soul2Match
See all posts on FindYourFacemate

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New Dating Site Caters to Singles 50+

Posted on September 19, 2011

Betterdatecom logo YOUR TANGO – Sep 18 - One of the latest dating sites to hit search engines is BetterDate, created by ThirdAge, a site that solely caters to singles ages 50+. The site is free.

by Laura Franco
See full article at Your Tango

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ChristianCafe.com on Focus on the Family

Posted on September 19, 2011

Christiancafe logo new OPW – Sep 19 – eHarmony no longer associates with Focus on The Family, but it was the springboard for their start. ChristianCafe.com, meanwhile, loves Focus on the Family. Husband and wife team Sam and Polly Moorcroft are the co-founder (Sam) and CEO (Polly) of ChristianCafe.com and were featured on Focus on The Family's single ministry show, Boundless, to discuss the history of internet dating and Christian dating. Listen here.

See all posts on eHarmony
See all posts on ChristianCafe.com

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Next iDate Startup Event in London on Sep 22nd

Posted on September 19, 2011

Idate-dating-industry-startup-events-379-129 WEBWIRE – Sep 16 - The 4th iDate Startup will take place on September 22, 2011 in London from 7:30 PM to 10:30 PM at Punch Bowl London. The event is for CEOs, dating affiliates and dating industry startups. In a relaxed setting entrepreneurs and affiliates in the dating space to make new contacts, network with colleagues and business leaders. The iDate Dating Industry Conference and Courtland Brooks are sponsors of the party.

See full article at Webwire

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iDate INSIDE Series: Episode #2 – Zoosk

Posted on September 17, 2011

OPW – Sep 17 - 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 2nd episode, a sneak peek into the Zoosk's office.

Zoosk currently has 98 employees and 15M members worldwide. Of the 70 countries Zoosk is active in, 25 are doing really well. Top 5 are US, UK, Canada, France and Denmark.

See all posts on Zoosk

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SNAP Interactive: 600% Stock Increase

Posted on September 16, 2011

Snapinteractive logo THE NEXT WEB – Sep 16 – In 2005, Cliff and Darrell founded SNAP Interactive, initially raising $200K privately from friends and family. The next year, SNAP went public in 2006 and they launched IamFreeTonight.com in November. In May 2007, Facebook opened its platform to independent developers and the two brothers decided to create the MeetNewPeople Facebook app, which drove traffic to IamFreeTonight.com. In a matter of weeks, they started seeing several thousand sign-ups per day. They decided to shut down IamFreeTonight.com in 2007 and transition the business entirely to building on Facebook. They launched AreYouInterested.com on Facebook on August 14, 2007. Today, AreYouInterested.com is one of the largest dating apps with 47M users. Overall, SNAP Interactive says it has nearly 50M installs and 1M daily visits across its properties. Its stock has gone up more than 600% in the past 12 months.

by Courtney Boyd Myers
See full article at The Next Web

Mark Brooks: Jiayuan, Cupid, Match (under IAC), and Spark Networks (JDate) are other public iDating companies. We summarize their results periodically, and you can see the pdf summaries on the left bar of OPW. We've also just added a stock ticker. Cupid and Snap are showing promising results.

See all posts on SNAP Interactive

Read the interview with Cliff Lerner (September 2010)

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Jiayuan.com: Were They Fit to List at All?

Posted on September 15, 2011

Jiayuan logo new WSJ – Sep 15 - Western regulators are grappling with a growing list of frauds at Chinese companies listed overseas. Jiayuan.com is by all accounts an entirely above-board Chinese company. Because foreign investment is technically forbidden in the Internet services sector, Jiayuan.com created a "variable-interest entity," or VIE—a common feature of many Chinese listings. Under this structure, the operating part of the company and the overseas listed part are two completely separate entities. The Chinese-owned part signs a series of contracts with the listed entity to transfer revenues in a way that allows the books of the two companies to be consolidated under U.S. accounting rules. It's a risky structure since the foreign shareholders don't actually own the Chinese company. A rule issued in 2006 requires Chinese residents to register with the State Administration of Foreign Exchange (SAFE) before setting up offshore companies. Jiayuan's founders failed to do this when they created the offshore entities used in the VIE structure. Jiayuan says it has now completed the required registrations, but the question remains: Why was the IPO brought to market before this potentially fatal problem was resolved?

by Paul Gillis
See full article at WSJ

See all posts on Jiayuan.com

Read the interview with Rose Gong, CEO of Jiayuan

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CEO Interview: Sam Moorcroft, CEO of ChristianCafé.com

Posted on September 15, 2011

Sam moorcroft christiancafe OPW INTERVIEW – Sep 15 – Sam was inspired by Matchmaker.com and started ChristianCafe.com in 1999. He’s also tinkering in the Brazil market.  Here’s his founding story… – Mark Brooks

Listen to the interview

One of the things that made your site quite unique for the longest time was that you had a ‘cuppa joe’ on the homepage instead of having a picture of a happy couple. For a few years you ran a picture of a cup of coffee which I thought was really unusual. Why the cup of coffee?
We were thinking; where would people meet for the first time offline when they had connected online? The most likely place would be a café; it’s unassuming, it’s cheap, they can do it at lunchtime or early afternoon, no commitment, no money involved. It’s a public place so it’s safe. We wanted to capture that whole feeling so we used a coffee cup logo which is actually from a real coffee shop. All the photos you used to see on the site were real people.

Have you tried stock photography vs real people?
Yeah, we are in the process of doing it right now. You’ve got to find a couple that does it from a marketing point of view but doesn’t lack authenticity. We now have a happy couple on homepage, have had for the longest time. We want to rotate different happy couples, real and stock, and gauge which works best.

What are you going to put on your homepage? You mentioned a very personal photograph.
We were thinking about using a picture of my wife and me because our story is very linked to online dating, it’s what we do for a living.

Let’s go back in time. What’s your founding story?
A job came up in Toronto with my brother so I moved there, started a new job but after 6 months I got laid off. So I found myself in a brand new city, only knew 3 people, single and unemployed. I started going online and I discovered personals.  I was interested but I thought that the people were weird. To my surprise the women I met were normal. I became addicted. A friend was always complaining that the sites could do a better job and that I should put my money where my mouth is. I approached my brother and he helped finance it. We launched in early 1999. I knew that it had to be niche; I couldn’t compete with Match.com. It took off in the Christian market; within 6-12 months we broke even and from then it has been phenomenally successful.

What dating sites inspired you?
Matchmaker.com, currently owned by Date.com. Their whole philosophy was based on niche markets. Unlike other sites, they allowed full access as if you were a paid subscriber for the duration of your free trial. We still do this.

We have 100,000 actual active members in the last 4/5 months because beyond that we archive people automatically. Other sites say they’ve got 2 million members because they count people who joined in 1999 for a free trial. You should count monthly logins because that is the true representation of how many people are using your site.

You have an interest in Brazil. Tell us more. What sites have you launched in Brazil and how are they going?
My wife is originally Brazilian although she’s been in Canada since 1998. About 5 years ago we decided to open a site in Brazil; my wife speaks Portuguese and knows the culture. But the Brazilian taxation system is medieval and there is so much red tape that we didn’t want to continue. We set it up outside Brazil but Brazilian credit cards can only be used in Brazil.

This is slowly changing as the economy grows. In 4-5 years time Brazil will be #5 in the world for GDP so there is definitely potential. We decided to keep a bank account there and people could pay by printing out a form, going into a bank and doing a transfer. But this is was a big hassle for people and we miss out on impulse buyers. A year ago we decided to operate a free model. We are using Google advertisements but they don’t make us a lot of money.

See all posts on ChristianCafe.com

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IAC’s Match.com Buys 20% Stake in Zhenai

Posted on September 14, 2011

Match zhenai logos TECH CRUNCH – Sep 14 – Match.com has acquired a 20% interest in Zhenai, a provider of “online matchmaking services” in China, for an undisclosed sum. Launched in 2005 by CEO Dr. Song Li, Zhenai provides integrated Internet and telephone matchmaking services to Chinese singles looking for long-term relationships. Zhenai is said to boast a user base of ~30M registered members.

by Robin Wauters
See full article at Tech Crunch

See all posts on Zhenai
See all posts on Match.com

Read OPW interviews with Dr Song Li, CEO of Zhenai: June 2007, June 2008

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Interview with Jay Weintraub, CEO of LeadsCon & Daily Deal Summit

Posted on September 14, 2011

OPW INTERVIEW – Sep 14 – Jay Weintraub runs the Daily Deal Summit, which happens next week. I wondered what he thought about FriendFinder's acquisition of the international daily deals service, JigoCity.com. – Mark Brooks

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