So you can come to Zoosk and get tons of results that are specialized just for you, and you’re not limited to just the few people who have downloaded that niche site.We also quickly learn and adapt to you and your preferences as you use the site.” The company says it took in more than 0 million in revenue in 2014, all from subscription fees and from purchases of their virtual coins, which can be used for premium features. Steckelberg says Zoosk decided, in late 2013 and into 2014, to invest heavily in growth, “even at a loss situation.” The company also overstaffed.(The number 2 player, e Harmony, is less than half the size of Match Inc.) Beneath Match, the acquisitive king of the space, are a number of niche players, from Spark Networks (JDate, Christian Mingle) to new, female-first offerings like Bumble, founded by former Tinder executive Whitney Wolfe.Dating apps are proliferating quickly overseas, too, such as Momo, whose founder, Tang Yan, readily compares his product to Tinder.She brings experience and a serious finance background to the table.s New York office earlier this week, after three months at the helm.“At the time we filed our S-1 the market was really rewarding growth and kind of didn’t care about profitability,” she says.
Its two co-founders, CEO Shayan Zadeh and president Alex Mehr, stepped down.
So, while always unfortunate to have to make a reduction in force, that was one of the decisions we needed to make in order to build a profitable business.
And I think that the change in the market sentiment was a good reminder for all of us that profit is a great thing.
Zoosk faces a challenge with carving out its brand image in that crowded list.
When asked what sets Zoosk apart, Steckelberg was unconvincing.
(How: You take a short “selfie” video, Zoosk developers verify that it’s you, and your photos get a badge.) And, launching in beta this month, Zoosk will offer a version of its app for Google’s Android Wear mobile operating system.