Friday, March 27, 2015

Tinder Co-founder on Why Bumble Is Different

When the IAC Personals bought OKCupid (4+ years ago) for an astronomical amount of money, the OKCupid team had the task to copycat Badoo, but they failed in that mission. IAC Personals backed Tinder instead, as the copycat of Badoo.

and Badoo backed Bumble as revenge last year!

It is all a big war, they will annihilate between themselves!

Please see:
If Bumble can not take off ? Something happened?

Bumble by Badoo in war with Tinder / part 2


article "Rocket from the shelf"

The key is in the very complicated interlace of "Jade xxxx GmbH." and "Brillant xxxx GmbH." companies.

Jade, Juwel, Brillant, Bambino, Platin and others.
See Jade 1076. GmbH. and Jade 1085. GmbH. as sample

They have big losses because they sell below cost to gain traction. All cloned companies seem like bubbles.
Rocket Internet AG. / All ventures are created using a complex system of shell companies. /

Rocket Internet's Samwer Brothers + AB Kinnevik + Tengelmann Ventures.

From the article "Rocket Internet makes case for €3.3bn valuation" at Financial Times

a (deleted) comment there:

It looks like the FT articles about Rocket Internet in the past few months have been the outcome of Samwer’s PR agency…having said this, below are a few points for thought

-All ventures are created using a complex system of shell companies. This is a fact and very easy to verify

-The purpose of such structure is threefold: record fictitious sales and expenses to avoid German taxes, multiply the number of “consultancy contracts” that the ventures need to pay to Rocket holding and hide cash outflows from the ventures

-The ventures are actually companies without strategy, without sustainable growth, loss making

-Thanks to consultancy contracts and other tricks, the brothers are able to return from their investment in each venture within 2 years, leaving the entire loss to other investors

-KPIs and financials are manipulated and sometimes totally made up. The IT system is unable to provide reliable data and investors simply cannot audit the numbers

If anybody is interested, I’m happy to give more details.

In summary, the brothers did a wonderful job in raising funds and an even better job in creating a big machine with nothing underneath and keeping a cut of the funds for themselves instead of using it for developing the business. But, after all, isn’t it what a large number of ventures founders do these days? Set up a boring online business, make a fancy website and good marketing materials and raise funds to pay their salary for a few months or (if lucky) for a few years? Rocket just did it in a bigger way, fooling tax authorities too

If you want to replicate a big success in Brazil, it will be as hard as the same to replicate it in all European countries, but in this case with 1/8 of population and the majority of the persons DO NOT own or WILL NOT use a credit/debit card to buy online! They will prefer to research online and then buy offline.
Many if not most, USA, Canada or European businesses models are unfeasible in Latin American countries! Perhaps the same situation for Africa, Russia or even Australia.(transportation costs could be 10 times bigger than Europe)

Euros 35 million subsidy for Zalando

Please remember I am the person who denounced them to Interpol last January 2014.

Tuesday, March 24, 2015

Re-branded Cupid plc business reports GBP11.6m pre-tax loss

Cupid PLC was incinerated by BBC in a fraud investigation.

Can you guess which online dating company will be next? They could be incinerated by Journalists or killed by power of word of mouth

Please remember:
Channel 4 on Globals Personals (Whitelabel dating)

It says 13,000 + sites but .......

Ashley Madison: "The dispute began when Silva — who came to Toronto from Brazil — sued her former employer in 2012, alleging she seriously hurt her wrists and forearms typing up 1,000 "fake female profiles" over a few weeks for a new Portuguese-language version of the site."

JDI Dating Fined USD616K For Fake Profiles

Facebook In Argentina Fined Over Fake Profiles

Match in USA


Monday, March 23, 2015

Zoosk app is betting on wearables for growth ???

Zoosk ended last year with USD200 million in revenue, but at a loss, she said. The company, which was founded in 2007, has 33 million users worldwide, but does not share how many users are paying subscribers, Steckelberg said.


Sudden drop in traffic rank:

See also:
Zoosk Lays Off 15% Of Staff

Zoosk UPDATE. New IPO plan.

Zoosk to run out of money soon? Zoosk IPO delayed?

Big Losses from Zoosk Q1 2014 (last year)
NET LOSS: USD 6.7 million Q1 2014!
Revenue: USD 50.12 million during Q1 2014 (USA USD 26.71 million, International USD 23.40 million)
721,000 subscribers
27 million registered members
Working capital (deficit) of USD 33.5 million!
Total accumulated deficit of USD 102.28 million.

721,000 subscribers / 27 million registered members == 2.7% conversion rate.
(Profitable sites operate with a 5% conversion rate)

article Big Dating: It's a (Data) Science

Please see:
article "Critics challenge the 'science’ behind online dating"

Proof of FRAUD from eHarmony

The 4 biggest eHarmony's copycats

eHarmony to Launch Globalization Initiative; Company Expects Subscriber Base to Grow 40-50% in 2015


With less than USD10 Million you can copycat eHarmony 
 innovate and revolutionize the Online Dating Industry, killing those old & obsolete sites forever. 

The key to long-lasting romance is STRICT PERSONALITY SIMILARITY, but ...
the only way to revolutionize the Online Dating Industry is using the 16PF5 normative personality test, available in different languages to assess personality of members, or a proprietary test with exactly the same traits of the 16PF5 and expressing compatibility with eight decimals (needs a quantized pattern comparison method, part of pattern recognition by cross-correlation, to calculate similarity between prospective mates.)
High precision in matching algorithms is precisely the key to open the door and leave the infancy of compatibility testing.

Please read: The 8 tips to innovate in the Online Dating Industry!