by David Evans | Dating Industry Finance, Dating Research, Online Dating Industry
Terra Lycos is selling its Lycos assets to Daum Communications. Lycos represented about 16 percent of its total earnings in 2003. Terra originally purchased Lycos, based in Waltham, Massachusetts, in May 2000 in a stock deal worth $12.5 billion. How will this affect...
by David Evans | Dating Industry Finance
After campaigning to ban fund raising during the budget writing season, Gov. Arnold Schwarzenegger, has accepted $20,000 from the co-chairman of MatchNet. Contracostatimes.com has more. (reg. req’d)
by David Evans | Dating Industry Finance
Lemontonic Inc., now developing an online dating service through Microsoft Instant Messenger, is trimming its private-placement financing to $1.5 million from $2 million. In a deal with Wellington West Capital Inc., Lemontonic (TSXV:LEM) said Monday it is cancelling...
by David Evans | Dating Industry Finance, Dating Sites & Startups
Last July, Spring Street Networks raised $6 million from Battery Ventures. The company raised a $1.5 million angel investment in 2001 as part of its spinout from Nerve.com. Some of Spring Street Networks’ more than 200 media company partners includeBoston.com,...
by David Evans | Dating Industry Finance, Dating Sites & Startups
Reuters UK article covering eHarmony’s media expenses, membership stats and ranking information. In eHarmony’s radio and television ad campaign, the marriage counsellor and author is joined by couples who found their “soul mates” with help from...
by David Evans | Dating Industry Finance, Dating Sites & Startups, Online Dating Industry
More info on Match.com founder Gary Kremen in WIRED. In 1994, Kleiner Perkins Caufield & Byers offered to invest in the online classifieds business that Match.com was part of, but the VCs wanted to merge it with Architext, which would become Excite.com. Kremen...