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8 Reasons Online Dating Sites Are a Business Dead End

Startup Professionals Musings

Aspiring entrepreneurs often approach me as an angel investor, touting their innovative idea for yet another online dating site. According to statistics , there are more than 5,000 dating sites worldwide with 1,000 new ones appearing every year. For starters, 40 percent of frequent site users are already married.

Sites 51
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5 Keys To An Unbeatable Solution For Your New Startup

Startup Professionals Musings

For example, I’m not sure the world needs one more social media niche site, or another dating site, or yet another flavored drink alternative. I do recommend non-disclosures and patents, but more can be gained than lost by talking to outside experts. Two heads are better than one.

Startup 162
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Tapping The Power Of The Crowd For Ideas, Advice and Funding, with JumpStartFund

socalTECH

It''s a place where people can submit their ideas and patents, and we provide a platform for them to try to find entrepreneurs who would like to work on those patents together with us an the crowd. A case scenario is, let''s say you come to our site, you can submit your business idea. and NASA, as well as universities.

Ideas 178
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10 Quotes You Should Never Use Around A Business Plan

Startup Professionals Musings

They only want a quick overview of the product, not detailed features and patent secrets. Excuse the typos and cleanup -- I’ve been too busy to finalize.” “Look how many social media ‘likes’ my site has generated.” “I don’t have a business plan, but the technology is disruptive.”

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10 Strategies For Attracting Investors That Will Fail

Startup Professionals Musings

They only want a quick overview of the product, not detailed features and patent secrets. Excuse the typos and cleanup -- I’ve been too busy to finalize.” “Look how many social media ‘likes’ my site has generated.” “I don’t have a business plan, but the technology is disruptive.”

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Online Dating Sites Seem Easy But Usually Fail

Startup Professionals Musings

Online dating sites usually fail because online dating usually fails. This business suffers from what Paul Graham calls the ‘chicken and the egg problem‘ – no one wants to use a dating site with only a few users. It’s hard to invent and patent more “scientific” methods on how to match people. Intellectual property is tough.

Sites 49
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10 Ways To Make A BAD First Impression On Investors

Startup Professionals Musings

They only want a quick overview of the product, not detailed features and patent secrets. Excuse the typos and cleanup that I’ve been too busy to finalize.” “Look how many social media ‘likes’ my site has generated.” “I don’t have a business plan, but the technology is disruptive.”