MALAYMAIL – A new trend has emerged on Hinge, where users are posting their credit scores on their profiles to attract more partners. The idea is that a higher credit score reflects better financial stability. This trend gained popularity after a viral video showed a woman sharing her credit score and receiving more attention and even marriage proposals. Many users have followed suit, and the Hinge credit score hashtag on TikTok has garnered millions of views.
Month: May 2023
Bill Alena: Five Tips for a Convincing Dating App Pitch to VCs
FORBES – To make your dating app pitch more convincing to VCs, follow these tips:
1. Understand the VC: Research and tailor your pitch to match the VC's preferences and focus areas.
2. Showcase Growth Potential: Emphasize how your app can achieve sustainable and scalable growth.
3. Highlight Value Proposition: Explain your app's unique value and revenue model.
4. Present Realistic TAM: Provide a realistic target audience size, avoiding inflated market figures.
5. Avoid Niche Overload: Find a balance between catering to a niche audience and appealing to a broader market.
Which Dating Apps Got the Most Press Coverage Last Year?
OPW – Last year, we mentioned 177 internet dating industry brands in 887 posts. Although Match Group and its brands are clearly still dominating this list, Bumble takes first place again. Here is the full list of companies with the most press coverage for last year.
Announcing LTR Edition 23 With the “Ten Year Club” Members
OPW – Edition 23 of the LTR (Love, Tech, Relationships) online experience will be on Wed, June 7th at 1PM EST (New York time). In this "Ten Year Club" edition, we will hear from a panel of CEOs and leaders who have worked in the dating industry for 14 to 34 years. You'll observe 200 years of experience in 55 minutes.
We have a half-hour of networking on virtual tables, followed by 50 mins of presentations and another short networking session. 1.5 hours all-in.
If you hold a full-time leadership role at an Internet dating company, then you are welcome to join IDEA for free and welcome to join LTR events for free.
See the LTR Edition 23 speakers and invite page here.
Email mark@courtlandbrooks.com to RSVP.
This LTR is kindly sponsored by technology providers Livebox by The Meet Group, along with Courtland Brooks and Matchmaker.com
Indian Dating App Meet7 Raises $300K Seed Round
B2B CONNECT – Indian dating platform Meet7 has secured $300K in a seed funding round. Meet7 aims to address the challenges faced by Indian users, such as fake profiles and cyberbullying, by implementing rigorous verification processes and eliminating the swipe-based matching system. The app, developed by graduates from prestigious Indian institutes IIT and IIM, emphasizes genuine interactions and user safety. With 60K users already on the platform, Meet7 plans to expand its user base to 1M within the next year.
See full article at B2B Connect
This post also appears on InternetDatingInvestments.com
Newborn Town: Chinese App Factory Expands Globally With Social Media and Dating Apps
SCMP – Newborn Town, a Chinese app factory, is making strides in the Southeast Asian market by developing multiple social media and dating apps. Despite increasing political scrutiny, Newborn Town has managed to embed its smaller apps into user lifestyles across various regions. The company is now expanding its focus to more mature markets like the US and Japan. The company owns a range of social media apps and has reported strong revenue growth.
by Tracy Qu
See full article at SCMP
This post also appears on VerySocialNetwork
6 Lessons on Perseverance for Entrepreneurs
ENTREPRENEUR – Colin Hodge, founder of the dating app DOWN, shares six lessons on perseverance for entrepreneurs in an article originally appearing on Calendar. He emphasizes the importance of seeking honest feedback from trusted advisors to gain clarity on business viability. Setting ambitious yet manageable SMART goals (Specific, Measurable, Attainable, Relevant, Time-based) helps maintain focus and motivation. Developing a five-year plan with clear objectives and tactical steps is crucial for long-term growth. Breaking down complex projects into smaller tasks reduces overwhelm and enhances productivity. Embracing uncertainty is vital, as it is a constant in business. Finally, hiring passionate people who share your vision ensures long-term success.
by Howie Jones
See full article at Entrepreneur
AI Could Change Dating App Game: Teleport CEO Video Interview
YAHOO FINANCE – Teleport CEO Chad Goodman recently discussed their invite-only dating app in an interview, highlighting the use of artificial intelligence (AI) for matchmaking. Teleport sets itself apart by offering a membership-based matchmaking service for highly eligible singles worldwide. Users engage in self-discovery sessions and provide preferences to the AI algorithm, which then provides three compatible matches each week. With a focus on intentionality and a curated dating pool, Teleport aims to create meaningful connections. Unlike larger dating brands, Teleport's business model prioritizes transparency and paid services rather than profiting from user attention. The company has plans to expand its user base once their technology is further developed.
Memes Are a Love Language, Hinge Says
MASHABLE – According to a survey by Hinge, memes have become a popular love language among daters. The survey, which involved 2K users, revealed that sending memes is the top preferred way to flirt before and after a first date. ~73% of respondents use memes to determine if they share a sense of humor with their match, while 60% prioritize understanding their match's "meme humor" before going on a date. Additionally, 93% believe that memes reveal a potential partner's sense of humor, which is considered an important factor in relationships by 92% of daters.
AI’s Growing Influence in the Dating World
REFINERY29 – The dating world is witnessing the growing influence of artificial intelligence (AI), with apps incorporating AI to enhance matchmaking. Apps like Iris Dating and Elate utilize AI to offer a more personalized dating experience. Iris uses AI to show users profiles of individuals they are highly compatible with, aiming to reduce swipe fatigue. Elate introduces Dara, an AI-powered dating coach providing users with advice on opening lines, profile enhancements, and date ideas. However, concerns exist regarding potential biases in AI algorithms and the risk of replacing human interaction with AI-generated responses. Biases can be introduced during the selection and training of AI models. Yet, AI offers broader access to resources like dating coaches, benefiting individuals without extensive financial means. While the future implications of AI in dating are yet to be fully understood, there is optimism that it can enhance connections and relationships.