I love Spring Street Networks, and that fact that they run the personals side of great sites like Nerve and Salon.com, not to mention our local Boston.com. Lavalife seems to be doing ok with the contact-for-credits model, but I have not seen a press release from SpringStreet in ages. so I started digging. Along the way I found this link , which has some good historical information about the industry…
Match.com grossed $10.7 million in Q2 2001, for an EBITDA profit of $2.8 million, back when Cindy Hennessy was president Match.com.
Rufus Griscom saying “You may see people laying out $20 a month today, but when you layer in two-way television, people are willing to spend $50 or $60.”
A newcomer to the space, entertainment network eUniverse, boasts 41,300 active paying users in the first 90 days of its CupidJunction, and claims the site went profitable in just 10 days, drawing more than $200,000 in fee-based revenue a month.
SpringStreeter’s, tell us what’s up.
