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Venture

Dating Startups Aim For Disruption, But Good Ideas Can鈥檛 Buy Them Love

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Valentines Day 2019 came and went, much like VC money for dating startups did a few years ago. 小蓝视频色情网页版 News addressed this phenomenon during the holiday, finding that aside from a few outliers, U.S. startups addressing the dating scene haven鈥檛 attracted much funding.

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Those dwindling numbers haven鈥檛 stopped all entrepreneurs from trying to tackle the dating space, however, each with their own approach. In fact, 小蓝视频色情网页版 News identified more than 40 companies in the 鈥渄ating鈥 category on 小蓝视频色情网页版 that were founded in the past three years, each with their own spin on the gaps they believe Tinder, Bumble, and the rest haven鈥檛 been able to fill.

To look beyond the venture numbers, we caught up with a couple of founders to figure out why they鈥檙e tackling dating and what they think they can add to this crowded space. We also spoke to an industry expert, CEO of niche dating app conglomerate Spark Networks Jeronimo Folgueira, to understand why venture isn鈥檛 expanding in the space, and challenges that may lie ahead for companies looking to cut in.

Outsourcing The Swipes

When every potential match on Tinder 鈥渓oves the outdoors as much as chilling on the couch,鈥 is an 鈥渁vid world traveler,鈥 or 鈥渆njoys live music,鈥 it鈥檚 difficult to figure out who鈥檚 actually representing themselves accurately. Tina Wilson, founder and CEO of dating startup Wingman which involves your friends in the dating process, is hoping her app can change that.

With Wingman, your friends and family members describe you and your personality traits, and you can match with others based on the descriptions of their peers as well.

鈥淭he way people describe themselves isn’t always entirely truthful,鈥 Wilson said. 鈥淲ingman allows your tribe to support you, to toot your horn, and to elevate you to your real self鈥揺ven if your real self isn鈥檛 always positive.鈥

Wingman isn鈥檛 the only app out there hoping that friends and family will hop in on the dating game. Dating app conglomerate Match Group partnered with content platform Betches to launch a similar app called Ship.

Wilson said that Wingman isn鈥檛 sharing metrics on the number of downloads since launching its beta version in 2017. As of right now, there鈥檚 no concrete plan for marketing. However, she is confident that the network effects of a dating app like Wingman鈥搘here one user potentially brings on multiple others鈥搘ill help the app gain traction.

However, since we live in a world where dating apps provide perfect breeding ground for harassment, another company called is trying to tackle that problem head-on.

Online Dating, But Civil

Dave Brandner founded Plum in 2018 after being on Tinder and Bumble for a few years. The premise was pretty simple: allow people, particularly women, to have enjoyable experiences while dating. The app, which is currently in its beta version, and aims to incentivize men to behave appropriately by implementing a ratings system based on three criteria: communication, follow-through, and profile authenticity.

Those three criteria are aimed at combating rude and lewd messages, curbing the ghosting phenomenon, and encouraging accurate representation. Men are prioritized based on their rating, promoting respectful activity.

Beyond those criteria, the company doesn鈥檛 link profiles to social media or display occupation, and it limits profiles to education level rather than school. Not only does this increase privacy, according to Brandner, but it also widens the pool of individuals who are willing to participate on the platform. This is markedly different from companies like , a dating app for individuals from elite colleges which Brandner said divides the market.

鈥淲e don’t want to segment the market by your education level, ethnicity, or fitness,鈥 Brandner said. From a business perspective, Bradner said he doesn鈥檛 want to shrink his addressable market.

And according to 小蓝视频色情网页版 News鈥檚 conversation with 鈥檚 Jeronimo Folgueira, market share makes or breaks the success of dating startups.

It鈥檚 Always A Popularity Contest

Anyone can have a good idea, but if the audience isn鈥檛 there to back it up, that presents quite an issue. Dating apps are no exception. If you can only find matches that are 500 miles away, that鈥檚 not the best recipe for finding a partner, or keeping people on your platform.

鈥淚t’s very difficult for small companies to reach critical mass, especially in the U.S.,鈥 Folgueria said.

That鈥檚 a result of the sheer amount of competition that exists in the U.S. market and the massive amount of money and time that dating startups are required to spend on marketing to reach large audiences, he said.

But what does work? The backing of large players like , which owns and , and , the majority owner of . These publicly-traded companies have the capital and resources to buy dating startups at a low price, spend on marketing to push their market growth, and monetize later on.

鈥 is an excellent example of a company that had an amazing product, great concept, and it was going nowhere, and Match bought it for almost nothing,鈥 Folgueira explained, adding that now he believes that, with Match鈥檚 backing, Hinge will be huge.

Folgueira said that while Match Group has an 鈥渁lmost 40 percent EBITDA margin,鈥 Spark Networks, which owns a number of more niche services like Christian Mingle and JDate, has a margin in the teens. The company recently made its own large purchase鈥揨oosk, a San Francisco company which tried to compete .

鈥淲e believe that only when you’re big, you can be profitable and succeeding in this business,鈥 he said, adding that the company bought Zoosk because it knows that 鈥渢he only way to succeed is to scale when you鈥檙e a small player.鈥 And VCs have clearly caught on to that.

Plum鈥檚 Brandner is well aware of the challenges of customer acquisition, but he believes the company has a chance to be disruptive. He noted that Plum, which hasn鈥檛 yet launched out of beta, has more Instagram than the Betches and Match-created and the Match-created . 1

And the company isn鈥檛 aiming to scale without help. Brandner said the company鈥檚 advisors include former Editor-in-Chief of Cosmopolitan , and , who created , an Instagram account that exposed misbehavior on dating apps. Bradner said the company is planning to launch soon, and he鈥檚 hopeful that its metrics will assist his fundraising efforts.

鈥淏ecause we are doing something really different, we solve for a real problem, and we have a connected board, I think we have a great chance at being the next major disruptor,鈥 Brandner expressed.

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Editorial Note: A previous version of this article mistakenly stated that Plum focuses only on straight users. The company later clarified that LGBTQ+ individuals use Plum too, but men are the only individuals rated on the platform.聽


  1. Notably, Ship hasn鈥檛 posted to Instagram since January, and Crown hasn鈥檛 posted to Instagram since December 2018.

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