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Month: April 2015

Matrimony.com Buys Dating App Matchify

Posted on April 7, 2015

Matchify screenshotMEDIANAMA – Apr 7 - Matrimony.com has bought Bangalore based Matchify, a dating app that especially focuses on women with features like verified profiles, secure chat, profile visibility, abuse reporting and blocking. Matrimony.com was founded by Murugavel Janakiraman in 2008, and received venture funding worth $11.75 M from Yahoo! and Canaan Partners. Matrimony.com runs BharatMatrimony.com, a flagship matchmatching network. Earlier this year, BharatMatrimony’s competitor Shaadi.com had invested an undisclosed amount in dating app Thrill.

by Sneha Johari
See full article at Medianama

See all posts on Matrimony.com

This post also appears on InternetDatingInvestments.

Summarized by Courtland Brooks Internet Dating Marketing Consulting

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Online Dating’s Age Wars: Tinder Vs eHarmony

Posted on April 7, 2015

Market segmentationWASHINGTON POST – Apr 6 – Tinder and eHarmony are both dominant forces in USA. The companies have staggeringly different ideas of how American daters can find their match and how to best serve different generations. Analysts say the dating game is increasingly becoming a battle of the ages. Two-thirds of the singles and fling-seekers are 34+, IBISWorld data show. Pew Research surveys show 45-54-year-olds are just as likely to date online as 18-24 year olds. “Tinder is exciting, because they’ve caught the attention of young people. They put all their money on one variable: looks,” said eHarmony founder Neil Clark Warren. Many market-watchers have questioned the basic premise of eHarmony and other sites, which depend on long detailed profiles and dedicated algorithms. Eli J. Finkel, a Northwestern University psychology professor, is arguing that Tinder is actually closer than profile matchmaking to that old style of dating: catching someone’s eye and, knowing nothing about their background, feeling a sense of attraction from across the room.

by Drew Harwell
See full article at Washington Post

See all posts on eHarmony
See all posts on Tinder

Summarized by Courtland Brooks Internet Dating Marketing Consulting

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Channel 4 Documentary Features Robyn Exton, Founder Of Dattch

Posted on April 7, 2015

Her robyn extonDAILYMAIL.CO.UK – Apr 7 – Robyn Exton has launched Dattch (now Her), a dating app for lesbians. She is abandoning life in the UK to travel to San Francisco to look for investment. In a new Channel 4 documentary, How To Be A Young Billionaire, Robyn admits: 'I want to raise a million dollars.' She managed to impress founder of Bebo – Michael Birch and raised $1M from him and other investors. He said: "She identified an area that we feel was being under served. The app has the potential to be the market leader. Good time to invest."

by Martha Cliff
See full article at DailyMail.co.uk

See all posts on Her

Summarized by Courtland Brooks Internet Dating Marketing Consulting

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Loveflutter Hopes ‘Promoted Places’ Will Keep The Dating App Free

Posted on April 7, 2015

Loveflutter logo new apr 15TECH CRUNCH – Apr 7 – Last week Tinder began experimenting with ads, by tentatively wedging a video ad for Budweiser into the core swipe left, swipe right UI. Alternatively, if users want to go 'ad-free' they can purchase Tinder Plus. Rival app Loveflutter, thinks it's come up with an alternative monetisation strategy. Tying into the app's existing 'Date Ideas' and 'Suggest-a-Date' features, Loveflutter's new 'Promoted Places' ad unit lets advertisers pay to have their listing appear when prospective daters are matched and want to find a place to actually meet offline.

by Steve O'Hear
See full article at Tech Crunch

See all posts on Loveflutter

Summarized by Courtland Brooks Internet Dating Marketing Consulting

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20 Years Of Online Dating

Posted on April 7, 2015

Edarling chileLA TERCERA – Mar 28 - Match.com launched 20 years ago. In 1995, there were only 16 dating services. Today there are 8K dating sites and apps. "Everyone knows someone who has been successful on a dating site. Online dating has been accepted by the society as something that works", says Mark Brooks, consultant and expert in the online dating business.

Match.com launched in Chile in 2005. 5 years later, the site claimed 500K registered users. Today, the number is 1.3M. Match.com was not the only company that saw the potential in Chile. German based dating site eDarling followed in 2011. "The growth rate is higher than most EU countries", said Sara Grana, country manager of eDarling Chile.

"People don't really know what they want and they don't describe themselves accurately", says Mark Brooks. Reliance on profiles is one of the main criticisms of scientists towards online dating algorithms. Eli Finkel, professor of social psychology at Northwestern University, published an analysis. He says that there is no certainty that these algorithms work. He adds that key aspects of relationships, such as communication patterns and sexual compatibility, arise only after two people meet.

by José Miguel Jaque & Noelia Zunino
The full article was originally published at La Tercera, but is no longer available.

See all posts on Match.com
See all posts on eDarling

Summarized by Courtland Brooks Internet Dating Marketing Consulting

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Tony Kramer, The CEO Of SparkStarter Helps Friends Play Matchmaker

Posted on April 7, 2015

Sparkstarter tony kramerOPW INTERVIEW – Mar 7 – Tony is out of the gate running. He launched SparkStarter a couple of weeks ago and is growing gangbusters. We've seen this model before. Remember Engage.com. But Tony is onto something. His timing and product are better. – Mark Brooks

What's your founding story?
This journey started over 5 years ago. A friend of mine introduced me to my now wife with an introduction through Facebook. It was simple. It was safe. And best of all, it worked! A couple years ago I was sitting at a wedding of two friends who were also introduced by a mutual friend.  It was the “aha” moment as they say. That’s when I thought, why not make an app that allows friends to play matchmaker for their friends? Why not make it easier for friends to meet through a friend? That’s when the idea for SparkStarter originated. SparkStarter has certainly been a journey. Many ups and downs. But what kept it going in one word is this: Love.  One of the coolest feelings I’ve ever had is to be at a wedding where I had a part in “setting up” the couple. An even better feeling is when you are the couple.  I’ve been lucky enough to experience both. If you are single, hopefully SparkStarter is a way for you to change that through introductions from your friends. If you are in a relationship, we are a safe way for you to play matchmaker and introduce people in your network.

You launched Feb 12th in the USA… How many members do you have now?
After a full 6 weeks, we are now at 11M users with 100k downloads. The 11 million is the total people in our network (including friends of users that download). The unique part of what we are doing is that any time there is a match, if the user is on SparkStarter, they are notified. If they are not on SparkStarter, they are invited to join.

How many core members do you have?
We have 100k downloads to date and are on pace to hit over 200k downloads by the end of April if not before then. Core is a different definition for everyone, but what we see as our core engaged users is the people that spend between 1 minute to 10 minutes on the app  – this number to date is 65% of our users and we actually plan to increase that with a) better engagement and invitation tools through text/email notifications and b) a desktop version so that people can use outside of the iOS and Android app.

What's your personal experience with iDating, in the past?
Prior to this past year, I had no experience with iDating at all. In fact, I had never even been on an iDating website/app. I've learned a lot. I think it's a mixture of learning from others in the industry, but also paving your own path by your own insights, research, and really, let the users (and data from them) tell you the story of what's working or not. When we did our originally beta test, we had 17,000 page views in the first weekend with 500 users – we knew we were on to something.

What advice would you give to other entrepreneurs considering entering the market?
It's a very competitive market, so do your research first. Odds are that someone is already doing or has tried to do something like you are about to take on. However, whether it has been tried before or not – let the data do the talking. Focus first on what matters to you – for us it was truly about having more successful relationships. We weren't just focused monetization or how many page views you have – we wanted to make sure we have matches. Every website/app is different, but make sure you revisit the goal of what you are trying to accomplish. Lastly, don't get discouraged – there will be ups and downs. It certainly took us a few bumps in the road to get where we are at and there will be more bumps in the future. Learn from them. Instead of trying to driving over them, figure out where the bumps are and avoid them in the future!

Whats been your biggest challenge so far?
Certainly the biggest challenge has been communicating to people that are not single, that they can be on SparkStarter to play matchmaker for friends. We've been able to overcome this challenge by constantly updating our user-flow so right away people understand that SparkStarter is for everyone, not just singles. Why there is always room for improvement, we are very happy that about 54% of our users today are on SparkStarter as a matchmaker.

What will Sparkstarter look like in one year? What's your goals?
We want to continue to build SparkStarter with the main purpose of starting successful relationships. To do that, we will continue to add features and engagement incentives to help people connect with quality matches.

From a business perspective, we are building SparkStarter to grow and have impact in the industry. With our main goal in mind of helping starting successful relationships, we certainly see partnerships, joint ventures and acquisition (both acquiring and being acquired) as options to make sure we are helping people start better relationships.

Others have tried in this friends-introductions space. What's the piece that they missed?
Every product has its time and place. iDating has changed in the last few years with the increase in mobile activity as well to the information that is available to obtain (whether it be through social media or the user itself). Access to information makes it easier to obtain and build a user's profile and since dating has become more socially accepted vs even a few years ago when it was still consider by most as a taboo. These things and us spending a lot of time on our user interface and experience we believe has lead to the initial successful engagement and growth that we've seen even in the first 7 weeks.

See all posts on SparkStarter

Post by Courtland Brooks Internet Dating Marketing Consulting

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Here Comes Equity Crowdfunding

Posted on April 6, 2015

CrowdfundingOPW – Apr 6 – Crowdfunding has had its training wheels removed, with recent legislation. VC's and angels have invested in Internet Dating companies to date. Soon, smaller investors who find the Internet dating business sexy and appealing can have a shot at backing iDating apps. This effect will take a while to kick in but it will effect us in the medium to longer term. See a good article on the Jobs Act Title IV on Forbes.

Post by Mark Brooks @ Courtland Brooks Internet Dating Marketing Consulting

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Coffee Meets Bagel Begins International Expansion With Hong Kong

Posted on April 3, 2015

Coffeemeetsbagel hongkongFORBES – Apr 3 - Coffee Meets Bagel is a dating app that has been making waves in the US ever since the founders went on the popular TV show SharkTank and rejected investor Mark Cuban’s offer of $30M. The company went on to close a $7.8M series A financing round earlier this year. Coffee Meets Bagel arrived in Hong Kong on March 4th. Founder Dawoon Kang wouldn’t reveal membership numbers but did say that the service has achieved “consistent 20% week on week growth” since launch. Facebook is proving a key platform for spreading interest in the app.

by Joshua Steimle
See full article at Forbes

See all posts on Coffee Meets Bagel

Summarized by Courtland Brooks Internet Dating Marketing Consulting

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Tinder Is Getting Into The Music Game

Posted on April 3, 2015

Tinder-jason-derulo-ad.pngFORBES – Apr 4 – Recently, Tinder has started partnering with companies and media properties to bring fake profiles to the service, introducing them as if they were just regular people. Pop singer Jason Derulo became the first musician to use the new promotional strategy to launch a new single. In Jason’s case, a right swipe gave users a link to his YouTube video. ~1.1M people swiped right in just three days. Tinder also claims that 14% of those that liked Jason also clicked the link in the profile, which brought them right to iTunes.

by Hugh McIntyre
See full article at Forbes

See all posts on Tinder

Summarized by Courtland Brooks Internet Dating Marketing Consulting

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A Mother-Daughter Team Created A Dating Site For People With Autism

Posted on April 3, 2015

Spectrumsingles logoHUFFINGTON POST – Apr 2 – Kirsten Fitzpatrick doesn't know when her husband is mad, sad, frustrated or irritated unless he specifically says so. She's unable to process the body language cues, so the couple must practice very clear-cut verbal communication. She was diagnosed with autism in her 30s. Her 18-year-old daughter, Olivia Cantu, is also on the autism spectrum. Cantu has experienced social difficulties just like her mother. So they launched Spectrum Singles, a dating site for people on the spectrum. The site has a Spectrum Compatibility Test (SCT) which is a 184-question test that asks about social preferences, sensory tolerance or intolerance, and views on sex and physical affection.

by Jessica Samakow
See full article at Huffington Post

Summarized by Courtland Brooks Internet Dating Marketing Consulting

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