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'A' startup? As the article notes, there have been several attempts already and no clear winner. Some observations about the online dating industry. There's a
by rm445 14y ago
'A' startup? As the article notes, there have been several attempts already and no clear winner.
Some observations about the online dating industry. There's a market opportunity - money has traditionally been made from dating/introduction services. They seem very suitable to move online. And they would seem to scale: in most services people match themselves, or an algorithm matches them, without involvement from the site staff. You would also expect network effects to be strong (customers want access to all the candidates in their geographical location) therefore rapid growth and huge revenue seems a possibility in a winner takes all kind of way.
So tell me: why has the online dating market not been locked up (pace occasional disruption) since 1999? My suspicion is the existing sites just don't have any way to differentiate themselves from the competition that actually makes a difference.
Online dating, if it can be 'fixed', will be fixed when someone has an insight into the underlying social question and manages to implement something unique.
- kaliblack 14y agoOne possible reason the market hasn't been locked up is mentioned in the article. Each of the services he tried had a different type of members. I think if there's an opportunity it's not one of one-service-conquers-all. Small niche dating services may be more effective. The main advantage is that members start with things in common, depending on the niche. A disadvantage is that unless the gender mix is fairly even it will die. However, you could combine different, but compatible, communities.