Trending Business Q&A With Coffee Meets Bagel COO

BLOOMBERG – Aug 29 – Dawoon Kang, co-founder and COO at Coffee Meets Bagel, discusses how the dating app works, how it differs from other dating sites and the outlook for the company.

Key points:

  • Coffee Meets Bagel is a female focused dating app that delivers quality matches at noon each day.
  • CMB is a freemium app that allows users to buy extras with „coffee beans“ virtual currency.
  • The app is not yet profitable but Dawoon said the app is now seeing a double digit monthly revenue growth.
  • CMB plans to expand into China and Korea.

Watch the interview here

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What Makes Match Group’s Business Model So Powerful

THE MOTLEY FOOL – Aug 28 – Since Match Group went public in November, the stock has bounced between $8 and $17. Still, there are a number of reasons to believe in the long-term potential of the business.

  • It is built on user-generated content
  • Operating leverage
  • Since Match is a subscriber-driven business, its expenses are roughly the same regardless of the number of subscribers. In its most recent quarter, a 21% increase in revenue led to an 82% jump in operating income.
  • High customer need
  • Match’s business is as timeless as any business around.

by Jeremy Bowman
See full article at The Motley Fool

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The Truth About Who Will Buy Your Company

FORBES – Aug 27 – In 1999, Andrew Weinreich sold Six Degrees for $125M. In the following years, he went on to sell three other companies including one to IBM and another (mobile dating app MeetMoi) to Match.com. The one commonality was that in each case, his team knew his eventual buyers long before they made an acquisition offer. „Develop relationships with acquirers long before you want to sell“, he said in BuiltToSell interview.

by John Warrilow
See full article at Forbes

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Sex, Lies And Cyber Attacks – Documentary About AshleyMadison

CHANNEL 4 – Aug 31 – The premiere of a documentary „Sex, Lies And Cyber Attacks“, investigating Ashley Madison, is airing on Channel4 tomorrow (Wednesday Aug 31st at 10pm GMT). AM was hacked last summer and the private details of its ~30M users were made public. When the hackers published internal company emails, there appeared to be a lot more going on behind the scenes.

Watch the documentary here

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Scientists Are Working On Reducing eHarmony’s Questionnaire

NEWS.USC.EDU – Aug 26 – Aram Galstyan and Greg Ver Steeg of the USC Information Sciences Institute are applying principles of quantum mechanics to the matchmaking algorithms that run eHarmony. Jonathan Beber, who leads eHarmony’s data science, approached the ISI duo with a problem: how to reduce eHarmony’s questionnaire; what is the minimum amount of questions eHarmony can ask without losing its predictive compatibility power. What started out with ~500 questions became 145 questions over time. Galstyan and Ver Steeg boiled down the questionnaire with a process called correlation explanation (CorEx). „The idea behind CorEx,“ Ver Steeg said, „is to ask what are the hidden factors that explain correlations in the data. For example, how different parts of your brain light up at the same time or the way you answer question A always predicts the way you answer question B.“

by Daniel Druhora
See full article at News.usc.edu

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