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PostPosted: Tue Jun 30, 2015 10:40 am 

Joined: Tue Nov 15, 2011 9:48 pm
Posts: 242
The OPW/iDate Weekly News Summary.

- Attend iDate October 14-16 in London:
- Stay informed.
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Match Group To IPO This Year

PR NEWSWIRE - June 25 - IAC's Board of Directors has approved the pursuit of an IPO of Match Group. Joey Levin, formerly CEO of its Search & Apps business, has been named CEO of IAC and joined its Board of Directors. Greg Blatt will remain Chairman, and Sam Yagan CEO of The Match Group. IAC expects The Match Group to issue less than 20% of its common stock in the IPO, with IAC's remaining stake in The Match Group represented by both high- and low-vote common shares. The IPO is expected to be completed during Q4 of this year. ... -year.html

US Law Firm Raises Questions About Momo’s $1.9B Buyout Offer

SCMP - June 24 - The consortium that offered to take Momo private is “taking advantage of its position to purchase the company at an unfair price”, according to American law firm Levi & Korsinsky. The consortium includes Momo CEO and co-founder Tang Yan, as well as investors such as Sequoia Capital China and Matrix Partners China. It holds ~48% of outstanding shares, and 84% of the voting power. Momo’s shares closed at a high of $19.11 on May 27. But in the non-binding preliminary proposal, the consortium offered $18.90 per share. If successful, the deal would be valued at $1.9B. ... offer.html


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The Grade Dating App Surpasses 15 Million Swipes

ACCESSWIRE - June 23 - The Grade, an iPhone dating app released by Snap Interactive, has seen a 220% increase in swipes and a 311% increase in matches when comparing May 2015 to Jan 2015. ... wipes.html

Exclusive Dating App "The League" Is A Big Success In NYE

NY POST - June 23 - The League dating app came to New York last month. The app's founder Amanda Bradford has received 30K requests to join. Only 7K have been accepted so far. 37% of New York Leaguers have graduate degrees, 13% are CEOs or founders, and 56% have attended “highly selective” schools. Singles can be referred by current users, which bumps them to the top of the wait list and increases their chance of admittance. Women must be 22-36; men 24-40. ... n-nye.html


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Binder Is The Tinder Of Breaking Up

TELEGRAPH.CO.UK - June 23 - "Binder" allows users to enter a partner's gender, name and number and then swipe right to "bin" them. Within seconds, the unlucky soon-to-be ex then receives a text message and short pre-recorded phone call with the reason for breaking up. ... ng-up.html

Google Billionaire Invests In Matchmaking Startup, Banihal

ECONOMIC TIMES - June 22 - When Google was looking for investors in 1998, it was Dr. David Cheriton who wrote the first check. Today, the billionaire and Stanford University Computer Science professor invested in Banihal, an Indian matchmaking service. Banihal is in the early stages of startup in the company's first market, India. ... nihal.html


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Coffee Meets Bagel Attracted 100K Users In Hong Kong In 3 Months

EJINSIGHT - June 22 - Dating app Coffee Meets Bagel (CMB) launched in Hong Kong, the app's first stop in overseas expansion, three months ago. Since then, CMB attracted 100K users, and is in the top 10 in Apple's App Store. Co-founder Dawoon Kang said the app has huge potential given ~2M Hong Kong FB users age 21-35 are single and they have 768 friends on average. To become a CMB member, a user has to register through Facebook. The app will then analyze the user’s friend group. Every day around noon, CMB randomly picks one of the matches and sends it to members who can then access the personal info of the recommended person for 24 hours. In that time, they can decide to proceed or pass. After Hong Kong, Toronto will be its next stop. ... onths.html

CEO Of Three Day Rule: Why I Hid My Pregnancy While Fundraising

FORTUNE - June 22 - After hearing negative comments about pregnant founders, Talia Goldstein, CEO of Three Day Rule, says she felt that the only way to raise money was to hide her pregnancy. During this time, a well-known LA investor wrote a blog post about his struggle over whether or not invest in a company run by a pregnant CEO, which included the chilling line: “A pregnant CEO is going to fail her company.” (Ultimately, he did invest.) In April 2014, Three Day Rule raised a Series A from IAC/Match. Since then, they’ve launched in six cities. "The difficulty I faced while fundraising as a pregnant woman is only one example of the prejudice against mothers that remains pervasive in startup culture. Now, as I begin another round of fundraising while pregnant again, I am determined to take a stand", she said. ... ising.html


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