by David Evans | Dating Industry Finance, Dating Sites & Startups
Internet dating firm Lemontonic Inc.’s quarterly loss soared to $1.7 million on increased operating costs, the company said today, adding it has sufficient cash to continue its current operation to the end of September. Revenue, which was comprised of interest...
by David Evans | Dating Industry Finance
MarketRange, Inc., a leading provider of online lifestyle and entertainment communities, today announced the company and a syndicate of premier institutional investors have completed a Series B round of funding for more than $7 million. Led by Ignition Partners with...
by David Evans | Dating Industry Finance, Dating Sites & Startups
Not sure how they are going to sustain a viable revenue model with this but I thought it was interesting as a loss-leader type service. I guess they focus on the upsell. Is anyone else out there giving away coaching and MakeOvers?
by David Evans | Dating Industry Finance
Motley Fool mentions the little disclosure that MatchNet’s co-chairmen received 265% bonus increases in 2003, giving each a $1.4 million payout. Since 1999, MatchNet’s sales have grown 460% to $36.9 million, mirroring the upward trajectory of online...
by David Evans | Dating Industry Finance
CGI Holding Company will acquire WebCapades, which is based in Clearwater, FL, for stock and cash. CGI was incorporated in 1987, and was formerly known as North Star Petroleum, Inc. From 1993 until 1997, CGI had essentially no operations until it was taken over, in a...
by David Evans | Dating Industry Finance
BEVERLY HILLS, Calif. (Dow Jones/AP) — On the same day it withdrew its initial public offering, online matchmaker MatchNet PLC’s president and chief executive resigned Thursday and the company said it plans to cut 40 jobs, effective immediately. The...