Start Dating site chicken and egg problem

Dating site chicken and egg problem

Online communities and social networks such as Linked In, Facebook, and are examples.

Here are six key reasons, from a business perspective: Perhaps I shouldn't suggest that no one can win in this space.

However, because 99 out of 100 fail, and because some have an unsavory reputation, you won't find many Angel or VC investors who are interested.

So please don't send me any more business plans along these lines, looking for investor funding, with no marketing budget, and promising huge returns.

I certainly understand why everyone wants to take a shot at it – the “need” is huge. Then there are the forty percent of frequent users that are already married.

Think e Bay connecting buyers and sellers of goods or Air BNB connecting home/apt owners with vacation renters. No renters would use Air BNB if no home/apt owners were listing on the site, just as no home/apt owners would use the site if no renters were coming to it.

Type #2: Communities/Social Networks - The second version of the chicken or the egg is when your product connects people of similar type to create broader value.

Some say that's a billion dollar "recession proof" opportunity.