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Why VCs continue sliding in love with online dating programs

Why VCs continue sliding in love with online dating programs

Love is currently a tech market that is billion-dollar

Discovering love online isn’t unique.

Adult dating sites, la eHarmony, OKCupid and Match, have tried top-secret calculations to complement singles for pretty much 20 years. But, exclusive breed of smartphone apps — think Tinder and Grindr — focused entirely on instant matching have got reinvented the matchmaking industry.

Through the years a slew of new startups wishing to imitate their unique meteoric accomplishment have actually been able to not simply attract buyers from across the globe but spawn a hodgepodge of imitators all planning to strike it big time.

In recent times niche applications ( many techniques from coffeeMbagel to Bumble as well as Sizzle (a free platform for bacon buffs) have varied the industry.

Want a partner who must adore pet dogs? There’s an application for it. Searching for singles who may have dense, delicious beards? There’s an application because of it. Require a spouse who’s a devoted foodie? Yep, you guessed it. There’s an app for this.

But, in the market that is oversaturated’s facing sharp competition from brand-new upstarts, can dating apps continue to thrive? The rewards are huge but so are the risks for entrepreneurs who can outlast the competition.

A match integrated heaven

It will arrive as no surprise that both business owners and VCs tend to be scuba diving head initially into dating online. Really Love is a dollar business that is multi-billion. The reality is, a study by Fast vendor, found the web market that is dating more than $4 billion.