Moreover, venture capitalists haven’t made a lot of money from dating. S.-launched dating app in recent years, Tinder, was incubated by internet publishing giant IAC in 2012 and didn’t rely on VC funding. Venture investors had hoped mobile dating app Zoosk would deliver a big IPO a couple of years ago, but it fizzled. Over the past two years, the largest funding rounds by far for dating startups have gone to Chinese companies.
The San Francisco company, which had raised more than million in venture funding, pulled its planned public offering more than a year ago, citing unfavorable market conditions. The largest funding for the past year, million, went to Tantan, a mobile dating app modeled on Tinder.
VC investment in the space declined over the past year, with smaller average rounds and fewer funded companies, according to Crunchbase company profile data. S.-based startups saw meager funding, with less than million invested in early-stage prospects that described themselves as dating companies.
This means that dating apps rarely run short of people to serve up, which means that we’re playing a game of optimization.
Folks looking for something serious rarely declare that on their profile, while folks looking for a hot night rarely explicitly state that.
There is an inherent problem that plagues all dating apps.
The world is getting smaller — instead of choosing a mate from the pool of our college classmates or neighborhood friends, we’re now connected to everyone on the planet with a few taps of the thumb.