They think the app can eventually generate around 0 million a year, like Meanwhile, venture capitalists are leery of giving any one dating startup too much funding.While funding to dating firms was up in 2014, the size of the rounds is actually declining, according to data from Priv Co.A larger percentage of young people are also putting career ahead of relationships – which makes them less reliant on a spouse.
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Researchers tell us about one-third of new marriages in the U. The Converg Ex folks, using data from statisticbrain.com, note the average courtship time for “off-line,” traditional dating ahead of a marriage runs around 42 months – or two years longer than the 18.5-month, average dating-to-marriage cycle for people who meet online. Related: The Economics Of Valentine's Day: The Money Behind The Love “At a conservative estimate of one date per week and a cost of $130 per date – $100 for a meal and drinks at a nice restaurant, plus $30 for two movie tickets and popcorn – the dating phase prior to an offline marriage runs up a $23,660 tab,” Converg Ex said.
“The average dating site customer spends just $239 a year for online memberships, which more than pays for itself to the tune of $12,803 in cost savings from fewer dates,” they continued.
The Passion Network, for example, is a small empire of 250 dating hubs like bronypassions.com, for fans of the My Little Pony TV series; for mustache mavens; and even zombiepassions.com, for those obsessed with the walking dead.
Thanks to the growth of such sites, the industry has expanded at 3.5 percent a year since 2008--right through the recession--to become a $2.1 billion powerhouse.
And relatively small amounts of funding can't support the hefty marketing budgets needed to acquire more and more users, according to Evans.
When it comes to finding love, “there’s a lid for every pot,” as the saying goes.
In partnership with Mintel, Global Dating Insights is offering the report at a special 20% discount, down from £1750 to £1400.
If you are interested in purchasing the report, please contact us at: [email protected] Born in Newcastle, he has an English degree from Queen Mary, London and after working for the NHS, trained as a journalist with the Press Association.
"Declining marriage rates among those with lower levels of educational attainment is a warning sign that is worth watching," says Converg Ex, "especially if the trend continues." Read the original article on Benzinga.
OPW - June 3 - Alex Harrington, CEO of Snap Interactive, is a former investment banker and gave an awesome overview of what acquirers are generally looking for, and traps to avoid.
These days, online dating makes it easier than ever to find your “lid.” While dominated by big name, mass audience sites, like and e Harmony, a growing number of niche sites are finding success targeting singles looking for something very specific.