TECH CRUNCH - Apr 17 - Tallygram, a Facebook-based friend-finding app created by OkCupid, has shut down, saying that the community never grew large enough to sustain the site. The site launched in November 2012. Existing users have an option to export their data from the service by May 15.
FOX BUSINESS - Apr 16 - DateMySchool is a dating site that targets students. The site now has ~200K users. The company is not yet profitable but it has received ~$3M in funding. Every user is verified upon sign up, alumni and students alike. DMS determines who can access your profile.
by Christina Scotti
The full article was originally published at Fox Business, but is no longer available.
This post also appears on InternetDatingInvestments.
PR NEWSWIRE - Apr 16 - 1.5M connections have been made in the weeks since AYI (AreYouInterested?) launched its new 'Friends of Friends' feature for singles to meet new people through mutual friends in March 2013. With more than half of singles claiming to have had a bad experience with online dating, and 58% of persons reporting meeting someone online who lied in their profile, 63% of singles say they'd prefer to have a friend in common when meeting someone online. According to AYI, women from the US are 64% more likely to interact with a man on AYI when there is a mutual friend in common.
The full article was originally published at MarketWatch, but is no longer available.
PR NEWSWIRE - Apr 2 - Q4 2012 revenue was $74.5M. Net loss was $9.6M. Revenue for the year 2012 was $314.4M. Net Loss $49.4M. "Our marketing spend has resulted in improved operating margins and 15% YOY increase in conversion of members to subscribers," said Anthony Previte, CEO. "We have also experienced additional operational success as a result of our recent consolidation of our General Audience and Mobile segments", he said. ~30% of Adult Dating members and 20% of Live Interactive members registered via mobile devices.
THE STAR - Apr 16 - eHarmony is planning to extend its services to match employers with people looking for a job. It expects to launch the service in the U.S. in June with the Canada following soon after. eHarmony VP Grant Langston says it could take up to a year to iron out the complexities. He says his company’s “secret sauce” is research that helps determine what types of people fit best for the long term. When employers post a job on eHarmony, job seekers in the database will be matched to that job and both parties will be notified. They can review each others’ profile and communicate online before meeting face-to-face. It is not yet clear who would pay for the service or how much it would cost.
VICE - Apr 16 - Alex Furmansky created Sparkology because he wants to end hookup culture. The site requires members to either receive invites from current members or to have a degree from an elite university. Since Sparkology's launch in February 2012, ~7K people have joined and two Sparkology couples have gotten engaged.
THE NEXT WEB - Apr 16 - OKCupid is now accepting payments in the digital currency and is the newest addition to the companies to support Bitcoin — which includes Reddit, Mega, WordPress.com, Expensify and others. OKCupid has partnered with Y-Combinator-backed Coinbase, a platform for buying and selling the digital currency, to expand its payment options.
USA TODAY - Apr 15 - Tinder, the mobile dating app that allows users to 'like' or 'pass' on other users, seems to have inspired a new generation of apps. ExRated, founded by Tom Padazana, allows users to search for a particular love interest and see what past partners have to say. Rebound is an app that privately analyzes available data about your single Facebook friend's past relationships in the last six years. The app generates statistics, a rebound rating and advice for any friend you choose. Lulu app is the ultimate female resource where women can get this information. To date, ~4M reviews have been read and Lulu has ~35M profiles available in the app. LuluDude allows guys to get general feedback about where they stand among other guys. They can also upload their own photos and encourage female friends to boost their ratings.
TELEGRAPH.CO.UK - Apr 15 - As online dating grows, online fraud goes with it. There was $65M worth of online dating fraud reported last year, but James Vargas, founder of online identity service MiiCard, estimates that "one fifth of victims report it to the authorities". That means ~2.5% of people involved in online dating are victims of fraud. The typical frauds involve fake profiles followed up by a sob story and a request for money. There's reliable research to suggest ~10% of online dating profiles are fakes of this type.
HUFFINGTON POST - Apr 14 - Swoon launched last month as part of a larger initiative by Tagged to branch out into standalone apps. It launched Android to start, an iOS version is expected in May. Users connect their Facebook account -- no questionnaires to fill out, and are flipping through a bunch of Facebook profile photos with first names, ages, mutual friends and mutual interests listed. They flick a card in any direction or hit an 'X' to move to the next one. If they are interested in someone, they hit a giant green checkmark. The other party is notified of interest only if they are interested as well. Another app, Yoke, was based on the same concept, utilizing the Facebook Social Graph and Interest Graph to play matchmaker.
PBS - Apr 11 - While a research shows that marriage among partners of the same religion is on the decline, faith-based dating sites like ChristianMingle and JDate have increased in popularity since 2008. JDate was founded in 1997 and was immediately a hit in the Jewish community. The site has 750K members worldwide and claims to be responsible for more Jewish marriages than all other websites combined. ChristianMingle has 9M members.
by Cindy Huang
The full article was originally published at PBS, but is no longer available.