Andrew: Hey, everyone. My name is Andrew Warner. I’m the founder of Mixergy, where I’ve interviewed entrepreneurs about how they’ve built their businesses.
And a few weeks ago, today’s guest sold his company. And one of the fascinating things to me about his company is that it was a dating company. I’m actually looking at Andrew Chen’s blog right now where he talks about why investors don’t invest in dating companies. He’s got this long blog post, but I’ll sum up some of the points. He says it’s got built in churn. Dating sites, you match somebody and of course, they’re going to leave because they’re in a relationship.
Dating has a small shelf life. Paid acquisition channels are expensive. City by city expansion, he says, sucks. It really is challenging. It’s hard to exit. Demographics mismatch with investors–there are so many reasons why dating sites are tough to build and to grow...