As predicted by me, SmartDate is game over.
Stupid Investors had lost over Euros 5.5 million.
Congrats to them.
The founder had said in march 2010. "online dating needs to embrace the Facebook phenomenon"
Social networks are for meeting the people you know in advance, not for meeting new people or make new friends.
Next series of Stupid Investors will include:
HowAboutWe (over USD 18 million), which is like MeetUp during 2004
Zoosk (over USD 40.5 million).
Badoo which is 95% men and 5% women
Remember other Stupid Investors had lost in
Be2 over Euros 15 million
Engage over USD 5 million