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Looks like HotorNot has sold for a reported $20 million to Avid Life Media. That seems a bit high but it’s going to take some more sleuthing to find out what the actual number is.
I met James Hong a few years ago at a conference and we briefly talked about different revenue model options. At that time he was pondering the idea of changing over from paid to free.
I’m working with a virtual gifting company and have learned a lot about how HotorNot has made millions each year by allowing members to send each other virtual roses, some of which cost up to $10.
Who knew that clicking random pictures when you’re bored would be so entertaining, at least for two minutes. Ok, I’m bitter, I’ve had a photo on HotorNot for years and my average score never broke 6.2.
Love the quote from James:
We’ve been working on HotOrNot for seven years now, It’s time to break up with this girlfriend.
All hail HotOrNot Media. PaidContent has more, as does TechCrunch.
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1 » Hot or Not Acquisition Update » Online Dating Insider // Feb 13, 2008 at 2:33 pm
[...] own HotorNot. The reporter was wondering about why Avid would acquire HotorNot. Yesterday I wrote HotOrNot Sold To Canadian Investors. I’ll post more after the article comes out tomorrow. Tags: Finance - [...]
2 Free Dating - egoDating.com » Blog Archive » Hot or Not Acquisition Update // Feb 15, 2008 at 11:05 am
[...] own HotorNot. The reporter was wondering about why Avid would acquire HotorNot. Yesterday I wrote HotOrNot Sold To Canadian Investors. I’ll post more after the article comes out [...]
3 Dating Advice - Anything ‘08 : Blog Archive : Comment on HotOrNot Sold To Canadian Investors by Free Dating … // Feb 15, 2008 at 2:13 pm
[...] unknown wrote an interesting post today onHere’s a quick excerptown HotorNot. The reporter was wondering about why Avid would acquire HotorNot. Yesterday I wrote HotOrNot Sold To Canadian Investors. I’ll post more after the article comes out […] [...]
4 Dating Advice - Anything ‘08 : Blog Archive : Comment on HotOrNot Sold To Canadian Investors by Dating Advice … // Feb 16, 2008 at 10:28 am
[...] Dating Advice - Anything â??08 : Blog Archive : Comment on Payment Providers at iDate by Zolta… wrote an interesting post today onHere’s a quick excerptunknown wrote an interesting post today onHere’sa quick excerptown HotorNot. The reporter was wondering about why Avid would acquire HotorNot. Yesterday I wrote HotOrNot Sold To Canadian Investors. I’ll post more after the article comes … [...]
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