SmartDate Employees Stiffed, VC Rails Against CEO - Online Personals Watch: News on the Online Dating Industry and Business

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Fernando de Argentina

SmartDate should be a case of study for prospective investors in new start ups.
SmartDate was a case of Stupid Investors Series: they had lost over Euros 5.5 million.

Next series of Stupid Investors will include:
HowAboutWe (over USD 18 million), which is like MeetUp during 2004
Zoosk (over USD 40.5 million).
Badoo which is 95% men and 5% women
eDarling (maybe)

Past series of Stupid Investors included:
Be2 over Euros 15 million
Engage over USD 5 million

Fernando Ardenghi,
Buenos Aires,
ardenghifer at gmail dot com

Mark Harrison

Wow Fernando,

The first time I agree with you!!



What is unethical about generating accounts for the friends of those who signed up via Facebook Connect? They might join. If the degrees of separation are only one, then they can be counted. I read that somewhere. Let's be honest. I'm either incompetent or I'm a liar. If you can't monetize 4.5 million members that you gained in a short period of time, then something went wrong and it starts with the top. Why do you think I bailed? It's time for me to get some new VC money in NYC.

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