experiences. On the back end, The Dating Ring has algorithms that use information from its matchmakers to decide who to place on dates with each other. Google wasnt the 1st search engine and it wasnt clear the category was a good investment. They talk about many important topics, but I had some specific comments on fundraising for dating products. With most subscription products, the more you improve your product, the lower your churn. And that means at 20 monthly churn, it gets very hard to retain what you have, much less fill the top-of-funnel with enough new customers to grow the business. That data only gets better as it also receives feedback from other members of the dates. As you might imagine, that creates the wrong incentives. Ive heard numbers as high as 20-30 monthly.
Dating Ring is an online dating site that users professional matchmakers for perso nal.
We are Y Combinator W 14 and live in NYC, SF, Boston, and.
I d like YC to publicize my product / service among the portfolio companies.
We won t know the specific date of late interviews until we ve reviewed your.
And on that note I ll be cancelling my dating site subscriptions immediately.
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Very possible within dating as well, and I wish everyone whos working in the category that they will be the ones to figure it out. City-by-city expansion sucks, hard to exit, demographic mismatch with investors. Here are the reasons usually given for texas dating online why investors dont do dating: Built-in churn, dating has a shelf-life, paid acquisition channels are expensive. A final note on this: Investor pattern-matching is lazy and often sucks. Given this demographic mismatch, its a lot harder to get investors to put in the time to really understand the nuances of how one dating product is superior to another. Oftentimes they havent had to date anyone in decades, unless youre talking about Ashley Madison. Although the stigma is quickly passing, its not like consumers want to sign up for a dating site and then invite their friendsfamily to join them on the site. According to co-founder Lauren Kay, the company chooses matchmakers based on their emotional intelligence and receptiveness. Heres a simple fact: Its super hard to get a dating product funded by mainstream Silicon Valley investors, even though its a favorite startup category from 20-something entrepreneurs. Get new updates/analysis on tech and startups I write a high-quality, weekly newsletter covering what's happening in Silicon Valley, focused on startups, marketing, and mobile.
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