Getting lots of calls from people wanting to talk about Zoosk lately, and now this. Zoosk is preparing to go public, having picked Bank of America to lead its initial public offering. Looks like an acquisition is off the table for now, and finally we will be able to parse Zoosk’s earnings and other previously opaque financials.
By most accounts, it appears that Zoosk is making either running at a slight profit or a loss. So they’re going to take all the newfound money and pump it into marketing, what else can they do to get profitable? Six-plus years is a long time to be in the red, they need to do something to fill the company coffers while they continue to optimize in-app purchases and conversions.
Zoosk has raised more than $60 million from investors including ATA Ventures, CanaanPartners, Bessemer Venture Partners and Crosslink Capital. This guy is going to be one happy camper.
P.S. I like to Zoosk home page, slick content scrolling
More at SFGate.