Thursday, December 7, 2017

Inside Dating App Hater's Shark Tank Deal With Mark Cuban (via Forbes)

article: The Rise of Dating-App Fatigue 

featured article: Mobile app startups are failing like it’s 1999

Dallas Dating App Courtem Lands Mark Cuban As Investor

Hilarious interview from CoffeeMeetsBagel founders (they should rebrand to BagelMeetsSausages)
"For a savvy investor like Mark Cuban to mark us at USD30 million was a great validation of the hard work our team had put into building the business. "
That USD 30 million offer is only a urban legend, popular legend, urban myth, urban tale, or contemporary legend, a form of modern folklore consisting of fictional stories.
That USD 30 million offer was only as a joke, because Mark Cuban had no interest at all in CoffeeMeetsBagel.
He had previously invested in another online dating app (now defuncted) named Courtem.


Lack Of Innovation & Decadence can summarize the Online Dating Industry.
C-Level executives are more worried about their golf scores than their company’s long term strategy and innovations.
C-level executives are cooking barbecues under the water (selling smoke) and not paying attention to latest research from Academics which could be beneficial for the Online Dating Industry.

The Online Dating Industry does not need a 10% improvement, a 50% improvement or a 100% improvement. It does need "a 100 times better improvement"
Please read: The 8 tips to innovate in the Online Dating Industry!
Very easy to copycat eHarmony, but very difficult to innovate: a 100 times better algorithm than eHarmony.

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