THE VERGE – Jan 10 –
Q: What is The League?
A: The whole mission of The League was to create power couples. Sometimes I joke and say it's an app for workaholics, but at the end of the day, it’s people that are really serious about their career and really want to make some kind of impact on the world.
Q: So for you, is the career the most important characteristic when looking for a potential partner?
A: I don't want to say it's most important, but I wanted to play more than just hot or not. You can see a little more about the person and what career that they decided to dedicate their livelihood, too.
Q: How are you determining who gets to be let into the app?
A: We use both Facebook and LinkedIn. Then we put everyone into a waiting list. It's similar to a college admissions pool. Job and education is a very big factor in the application. We can see who's checking back in, who's referring friends, and figuring out how it all works, and we use all of that information to predict who's going to be a good user in the system. We don't reject anyone. We just keep them on the waiting list. We try to encourage them to make some changes. There's also sort of like a demand score for everybody, and if you're in high demand, you might get in faster than if you're in lower demand.
Q: Do you have an estimate of what percentage of people get waitlisted, and then make changes, and then later get in?
A: Our acceptance rate in general hovers around 20 to 30%. And then a lot of people don't come back and make changes. A lot of the people that we don’t accept were probably not the right fit anyway.
by Ashley Carman
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BQ – Jan 14 – JigTalk, the dating app that encourages online daters to talk more, has officially closed its seed round of $1M. The round was led by Apadmi Ventures and includes significant backing from high profile London, New York and Manchester-based angel investors. In addition to growing its team to 10 full-time staff, the company has also welcomed a new Chairman, Christopher Edmonds. Edmonds is the ex-global MD of technology for JP Morgan and Morgan Stanley. Over the course of the last 2 years, JigTalk has beta tested the app in the north of England and built a team ready to launch its app UK-wide, starting in London in Jan 2019.
