OPW – Feb 5 – Last year was a turnaround for Spark Networks. Four directors were voted out and new board came in. Michael Egan joined in as CEO in December 2014 from Internet Brands. Since the company had no proper mobile product, a lot of effort in 2015 was put into building a mobile dating app. They launched dating app Spark, which was an experiment, and later Crosspaths, a Tinder-like dating app within the Christian community, that has now ~20K monthly active users in LA.
Michael Egan also talked about JSwipe acquisition. Last summer Spark Networks sued Jewish dating app JSwipe but soon realized that JSwipe user base was very complementary to jDate (90% of JSwipe users are under 30, jDate users are 35+), and decided to buy it instead for $7M.
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Post by the Courtland Brooks team