OkCupid Raises $6 Million

GIGAOM -- Jan 12 -- OkCupid raised $6 million from a group of angels. Each time I talk to Yagan about his new company, he pulls out some variation on the same line: "Our goal is to reduce GDP by half a million dollars by completely eliminating the subscription online dating market." Yagan says he can run a successful dating site without making people pay, something PlentyofFish has also had success with. OkCupid currently has 600,000 active users (logged on within 90 days). Match.com has 1.3 million subscribers. PlentyofFish reports a quarter million users logging in per day. Yagan led SparkNotes and eDonkey before but, didn't take venture capital. He talked to twenty VC firms last year but went with collecting checks from five angels, whom he says he's not disclosing because we've never heard of them. FULL ARTICLE @ GIGAOM