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Parents Play Matchmakers
NY TIMES - May 9 - “It’s almost like outsourcing your online dating to your mom,” said Kevin Leland, CEO of TheJMom.com, a Jewish matchmaking site. Mothers, fathers and even grandmothers share online profiles of their ready-to-wed children. Duo is a traditional matchmaking service based in South Korea. 80% of the members are mothers inquiring on behalf of their sons. Annual fees can range from $2K - $5K, and include 7-9 introductions and parents monitor the dating progress of their children. Posting and browsing on TheJMom.com is free, and a six-month subscription package, which provides contacts and connections, starts at $78. The $199 premium service, the Personal Profile Concierge, provides mothers with a makeover of their own profile and their child’s online profile and one-on-one attention from someone at the company. Indian families are known to begin the matchmaking process by collecting a prospect’s “bio-data,” which is a résumé of someone’s marital qualifications — from the basics like age, weight and height, to information about a prospect’s job and character. There are a number of matrimonial sites including BharatMatrimony.com, Shaadi.com, and SecondShaadi.com (for second marriages).http://www.onlinepersonalswatch.com/new ... aking.html
Stock Market: Spark Networks Could Be The Next Netflix
BENZIGA - May 10 - 9 months ago Netflix traded for $55 a share. Over the last 7 months, Netflix quadrupled in value and is now trading at ~$217 a share. Who will be the next Netflix? It could be Spark Networks, which owns and operates JDate and Christian Mingle. It only has $170M market cap. JDate been around for over a decade and has had a 90% or higher contribution margin for the last 11 years running, but it hasn't grown. It is the very definition of a beautiful cash cow. Christian Mingle is aimed at the market of Christians in the United States, which is 30 times larger than the Jewish market. It is now substantially larger than JDate. It is not yet profitable because they take all of their cash flow and plow that back into growth. Last quarter, revenues grew 45% YOY. IAC is the most logical buyer for Spark, and it would be a tiny bite-sized acquisition.http://www.onlinepersonalswatch.com/new ... tflix.html
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Facebook Friends Can Play Cupid With 'YouShouldTotallyMeet'
MASHABLE - May 9 - YouShouldTotallyMeet is a new Facebook app that matches friends of your friends. You first build an app profile for a single friend that you want to set up.Through the app, you then write some reasons why someone should meet your friend. Mutual friends can even vouch for them with "agree" and "disagree" votes. Then, you go through your own friends list and find people they "should totally meet."http://www.onlinepersonalswatch.com/new ... ymeet.html
FlashComs Offers 30% Off To All Userplane Customers
OPW - May 9 - FlashComs, the Internet communication tools provider, is offering 30% discount to all Userplane users if they decide to buy any of their products/services. FlashComs has been around since 2003 and developed a line of flash based apps including Community Chat, Instant Messenger, Video Messenger and Audio & Video recorders. Userplane is shutting down on August 1st, 2013. http://www.onlinepersonalswatch.com/new ... omers.html
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Are You Interested Makes 2M Connections
TECH CRUNCH - May 9 - Are You Interested has been in the online dating game since 2007, predominantly focused on the Facebook platform as a way to connect people. In the past few months AYI launched a new feature that connects you with friends of friends. There are ~20M Facebook profiles connected to AYI and 3M active users per month. And since they implemented their friends of friends feature in March, AYI says that ~2M connections have been made through the new feature. Matching friends of friends is the “next big thing”. Another startup that’s been around since last year is Coffee Meets Bagel, and it could be said that they were the first ones to match friends of friends together, albeit at a much smaller scale.http://www.onlinepersonalswatch.com/new ... tions.html
DateMySchool.com: Online Dating For College Campus
USA TODAY - May 7 - Co-founder of DateMySchool.com, Alexa built the dating website in 2010 with Jean Meyer for peers at Columbia University where they attended business school. Since then, the college- and alum-exclusive service has expanded to ~ 230K students in 2,800 colleges. The duo launched iPhone, iPad and Android applications last month. "Once they've seen these people are just college kids they're much more open and receptive," Gobiel said. "You then know there won't be these creepy people you might find on other websites."http://www.onlinepersonalswatch.com/new ... ampus.html
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eDarling Buys Itself Back From eHarmony
VENTURE VILLAGE - May 8 - A two-year affair between eDarling and eHarmony is over. eHarmony purchased a 30% stake in eDarling with an option to buy the rest if all went well. Now that offer is off the table and eDarling has bought back its shares from eHarmony. Rumours put the cost of the buyback at $30M with talk it will be followed by an eDarling launch in the UK. The company behind eDarling, Affinitas, reported a €9.2M loss for 2011, an improvement on the €13.6M loss it reported for 2010. In May last year, it said it expected slightly positive EBITDA on a boosted €50M turnover for 2012. It’s unclear who led the break-up – but it seems both firms were more than ready for a refresh in strategy.http://www.onlinepersonalswatch.com/new ... rmony.html
Dating Startup Hinge Expanding To New York
WASHINGTON POST - May 6 - Hinge, a free dating app that connects users to the friends of their Facebook friends, plans to launch in New York this summer. The app has attracted ~10K users since its launch in the Washington area in February. Every day at noon, Hinge users receive a batch of their Facebook friends’ single friends, and can indicate if they’re interested. If two users mutually indicate interest, Hinge sends an e-mail introduction. In the future, the team plans to incorporate third-degree connections — friends of friends of friends.http://www.onlinepersonalswatch.com/new ... -york.html
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