WEBWIRE – Apr 22 – iDate, the online dating conference, will be held in May 28-29, 2015 at the Crowne Plaza Hotel in Beijing China. Register by May 1st and safe $550. Speakers include Shang-Hsiu Koo, CFO of Jiayuan.com; Dr. Song Li, founder of Zhenai; Muru Jankiraman, CEO of Bharat Matrimony; Jason Tian, CEO of Baihe; Jason Lee, CEO of Friends Date Network; and others.
Month: April 2015
Baihe Seeks RMB 1.5B Funding In Preparation For IPO
MARBRIDGE CONSULTING – Apr 21 – Shengda Mining and Dahu Aquaculture each issued statements disclosing capital investments of RMB 80M ($13M) and RMB 25M ($4M), respectively, in Baihe Online, operator of Beijing-based dating site Baihe. According to information in the Dahu Aquaculture report, Baihe is attempting to raise RMB 1.5B as a possible preparation for a domestic IPO.
See full article at Marbridge Consulting
This post also appears on InternetDatingInvestments.
Collide: Tinder-Style Christian Dating App
TREND HUNTER – Apr 22 – Styled just like Tinder, Collide dating app connects users that are religious. As well as being able to filter matches by location and age, the app also lets users share their favorite Bible verses.
Jiayuan: The Market Expects A Higher Take-Private Offer
SEEKING ALPHA – Apr 21 - Jiayuan shares recently closed above Vast Profit's offer of $5.37 per share to $5.51. A big reason for the rally is activist shareholder Heng Ren's proposal for a higher acquisition price. Vast Profit proposed the deal on March 3. They will likely have to raise its price beyond $6 to get the deal done.
See full article at Seeking Alpha
This post also appears on InternetDatingInvestments.
The Grade Surpasses 10M Swipe Milestone
ACCESSWIRE – Apr 20 – The Grade, an iPhone dating app from Snap Interactive, has surpassed 10M swipes. The app holds users accountable for their behavior through the assignment of grades. Users with a grade of "D" or "F" receive a warning and instructions on how to improve their grade, while users who maintain an "F" grade are expelled.
Working With Remote Teams, World Singles Networks President And COO Interview, Darren Romeo
OPW INTERVIEW – Apr 21 – Darren Romeo is appropriately named. He is the COO of World Singles Networks, and has been focused on diaspora dating around the world. EligibleGreeks and ArabLounge are two of their largest dating sites. And they're doing very nicely. I learned that they run it with a virtual team, and I thought you'd like to learn more about this way of operating. Here's my interview with Mr Romeo. – Mark Brooks
When did you go virtual?
World Singles Networks went virtual back in 2011. Up until then we were in a relatively large office given the size of our team. As the months went by, the office became less and less frequented in a very natural, organic way. Folks were working more from home in a blended capacity. And due to a rewrite of our main application, our development team expanded rapidly across several different regions of the country.
How did that transition go?
For the most part the transition was smooth. Being that so much of what we do already happens through a digital interface, there weren't too many adjustments we had to make from an operational standpoint. Even when our offices were side by side, it was more common for communications to be channeled through several different channels/tools. Over the years we have used an evolving array of services.
What project management tools do you use?
For project management and more, Basecamp has been a part of our workflow for some time, less so recently. Backpack (Basecamp retured this product recently) has been helpful for simple task management between small teams and groups. We've used Unfuddle (Kanban card system that is more advanced than Trello), and a little Pivotal Tracker (agile project management tool of choice) for more development-centric ticket/project management. And InVision is now finding a way into our mix of tools, mainly as a specialized space for design management. Unfuddle's latest product, One, looks promising as a lightweight task manager.
Any other tools?
For messaging, presence, and real-time communication we've used Skype, Screenhero, Yammer, Google Hangout, Campfire, GoToMeeting and are beginning to experiment with how Slack may fit into our rhythm.
For non-sensitive file sharing and storage we've used Dropbox along with the built-in file management features of various other products.
For process modeling (BPMN 2.0) and information visualization we've been using Microsoft Visio, Tableau, XMind, and Lucidcharts. Screencast, TinyGrab, Jing, have been used for sharing quick links to screencaps. We share a lot of screencaps.
What we use is in constant flux and differs across teams and departments. Certain services fall in and out of vogue. We trust that the utility of each of the tools in our set will survive on their own merits without the need for any sort of official decree or centralized decision-making.
What were the initial challenges and surprises?
What was probably most surprising was all of the little things. We are humans–nourished by so many subtle, semi-tangible, often invisible energies. These energies are only noticed, if at all, by their absence. An easy smile, the fist bump, jokes at the water cooler. Especially curated details of weekend trips. Urgency. Nuance. The scrunched nose–I don't understand what you're saying. The nodding head–I totally understand you. Sarcasm even, which can be so difficult in virtual spaces.
There are so many bits of information, so many signals that can be meaningful that are no longer transmitted. In a physical space, you see who is meeting with whom, for how long; you get a sense of the vibe and tone just from the richness of ambient sounds and background conversations; the orbits and rotations of visiting vendors. Small talk with the mail carrier. You can feel when others are in the zone sometimes just by the rhythm of keyboard clicks (or the lack thereof.)
Gone is the surety of connection that eye contact affords. (Is there such a thing as eye contact in the virtual world? Looking directly at the camera as if reading from a teleprompter?)
We miss out on shades of privacy. By having so much control over what gets transmitted, we tend towards sanitization. We mute our microphones to politely silence the noise of chomping lettuce, strange ticks and buzzes lurking in the cables. The virtual office and its various channels can be either on or off making us sometimes long for a more analog experience.
How has it worked out?
Of course there was the immediate improvement to the bottom line 🙂 The virtual office also instantly expanded the scale of the talent pool we could draw from. Many on the local team were thrilled to eliminate commutes and the related machinations. Reducing our carbon footprint felt good too. As well, with far less verbal touchpoints we had to be much more specific with our written communications and specifications; this has probably improved our writing skills and contributed to better documentation habits.
It'd be disingenuous of me to say that I don't miss being with folks though. Our company conferences are such a source of inspiration and camaraderie, for instance. Much of that is probably a product of basking together in all of the intangibles. The atmosphere upon everyone's arrival on day one is simply electric.
Will you stick with being virtual as the company grows further?
There will always be a place for the virtual experience in the life of our company; it has come with many important advantages both tactical and strategic. And given how technologies continue to shrink and bend time and space, distributed workforces are pretty much here to stay. As World Singles grows to the next level, our sense is that we will most likely evolve to a form between the virtual and the physical; realizing the maximum benefit that both approaches have to offer. Why just have your cake when you can eat it too?
What advice would you have for anyone considering moving to using a distributed workforce?
Given the added complexity of the rapidly shifting technological environment in which we operate, a monolithic approach to anything is probably not a good idea. I'd advise folks who are considering moving to a distributed workforce to view it as a tool, not as a solution. The days of either/or are long gone. I'd love to go to outer space but I wouldn't want to live there full time; at least not yet 🙂
As far as specific ideas on how to make the most of a virtual workspace, think of it like being an astronaut. Folks in the virtual office sometimes experience feelings of social isolation; they wrestle with reduced physical movement and stimulation. Differences in time and the logistics of communication must be taken into account. Astronauts are trained with these and other such considerations in mind. They develop deliberate practices to counter the effects of a zero G space. Here are some suggestions for the virtual office astronaut:
- Don't pocket all the savings from dropping office rent from the books. Reinvest a portion of those savings on team building exercises and opportunities for folks to meet in-person throughout the year.
- Utilize video as much as you can. While it sure doesn't beat face-to-face interaction, a video call helps to restore a richer information exchange between participants. It provides a sense of place and context. It matters if it's snowing outside of a colleague’s window. It's cool when a cat skips effortlessly across your teammate’s desk. Plus, you'll have to groom a little more often. This is a good thing.
- Cultivate virtual norms. We have to shift what we think of as good manners in virtual spaces since we have fewer tools to soften and contour what we say. Technology will tend to exaggerate succinctness and directness; help make this okay–especially for those on the team who may be a little extra sensitive in risking offending others. Help make it safe for people to communicate explicitly. It can be a boost to clarity, trust, and getting to the point. You may think emojis, emoticons and the like are a bit silly. They are J However, they can go a long way in helping to express tone. Consider adding them to your messages especially whenever there is extra risk for misinterpretation or ambiguity.
- Do you have a no-disturb protocol? It's a lot easier to see when someone's busy when you walk over to his or her desk–there's no need to put up a sign. In a virtual space, folks may not want to seem rude or unavailable by posting a do not disturb sign. Flow and mojo are crucial to productivity and creativity; intentionally create room for virtual quiet. Sometimes we all can be just a stray pop-up notification away from falling out of the zone.
- Unite distributed space through movement; experiment with walking meetings and group game play.
- Promote sketching, drawing, diagramming and sharing of created artifacts. Take extra steps to help people ‘see’ what you’re saying and improve operational alignment at the say time.
- Constantly ask the question: how does our virtual space promote our core human qualities–courage, trust, empathy? When we don't have to share bad news face-to-face, when we can avoid an awkward conversation with a note left on IM, we sometimes lose out on those opportunities to practice being (a better) human. The same goes for a pat on the back and those moments between the hustle when we celebrate what we've accomplished. Together. Better humans make better companies.
Mark Brooks: The Courtland Brooks team have been a distributed workforce from day 1, back in January 2005. Tools I recommend are Sococo for team communications, and creating a virtual office. Teamwork for project management complete with Gantt charting. Basecamp for lite document collaboration and communications. Freshbooks for invoicing. Uberconference for client calls. We don't actually do company conferences but I see this as essential for companies where the majority of the workforce are full time. We have water-cooler calls on occasion, where the team just natter, and we introduce new members of the team as we add special advisors. The best book IMHO on remote-working culture is The Year Without Pants which is about the distributed workforce that runs WordPress.
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Indonesian Online Dating Market
WSJ – Apr 20 – For Singapore-based Paktor, Indonesia accounts for half its 1M active monthly users. Paktor, a Tinder-like app, is spread across Singapore, Malaysia, Vietnam, Thailand, Taiwan and Indonesia, and it is doubling its numbers each quarter. Local online dating apps such as Yogrt and Wavoo, as well as mix-matching website Setipe.com, are also seeing a windfall in Indonesia. Cultural stigmas about casual dating still pose challenges, said Razi Thalib, co-founder of Setipe, which currently has ~300K members. Setipe is matching users for long term relationships. Yogrt app includes a game that users can play with their matches, while Wavoo has an augmented reality feature that allows users to see other nearby users from a map of their neighborhood.
Craigslist: A Dangerous Way For People To Seek Relationships
WASHINGTON POST – Apr 20 – David Messerschmitt, the intellectual-property lawyer, was found stabbed to death inside a room at a hotel in Washington after he had posted on Craigslist seeking sex with men. Craigslist grew to be one of the largest players in online dating for men. The secrecy meshed well for men in the closet or those seeking immediate sex. "That was exciting. That was discovering. That was also very dangerous," said Mark Brooks, a longtime online dating consultant and president of the Internet Dating Executive Alliance. Although Craigslist's anonymity can make it a draw for predators, Jonathan Crutchley, a founder of Manhunt, said all online dating sites have deceptive users looking to commit crimes. "It's the dark side of the business, but it's the truth."
by Dan Morse & Mary Pat Flaherty
See full article at Washington Post
Ukrainian Dating Sites Employ People To Chat With Men
PR WEB – Apr 20 – According to Elena Petrova, owner of Elena's Models, women and men in Ukraine are being employed by local operators to pose as "brides" in online chats, send messages and letters from accounts of beautiful model-looking girls. She published a report about hidden practices of pay per letter (PPL). Usually, letters, chats, phone calls, and sharing of photos evoke charges starting from $3 and onward. While PPL dating sites insist that payments are required for translations, the report reveals that in many cases the communication is produced by substitutes without any input from the females male customers believe to be dating. Marriage agency employees whose job is to sit through the nights chatting with men claim earnings up to $1000/month, with some authors claiming to be doing this job for years with stable monthly income of $300-$500.
Match.com’s Security Flaw Puts Millions Of Passwords At Risk
ITPROPORTAL – Apr 17 – The flaw was discovered in early March, but is still active, according to Ars Technica. Match.com does not use HTTPS security – it uses the older HTTP standard instead. This means that the login info can be stolen by anyone on the same Wi-Fi.
by Sead Fadilpašić
See full article at ITProPortal
