Creating a new dating app is hard because of network effects: for a dating app to easily attract users, it needs to already have many users. Convincing users to pay for the app is even harder. And, if you expect your app to be only marginally profitable even if it succeeds, you will have a hard time attracting investors.
Has anyone ever tried outlining a straight up first come first served system? Vet and pay a first batch of VIP users, then offer incentives to later joiners (eg vouchers for other products), then just free users, and finally introduce fees after reaching a certain user base, all committed to and outlined transparently from the beginning of course.
People start dating portals all the time. If you start with a targetted group that takes high value from it, you could plausibly do it in terms of network effect. Otherwise, you couldn’t start any network app or the biggest one would automatically win. So I think your argument proves too much.
Right, I completely missed the network effects, 5 minutes of thinking through wasn’t enough. May be there even are good apps there, which didn’t make it through the development and marketing part. Thanks, Vanessa!
Creating a new dating app is hard because of network effects: for a dating app to easily attract users, it needs to already have many users. Convincing users to pay for the app is even harder. And, if you expect your app to be only marginally profitable even if it succeeds, you will have a hard time attracting investors.
Has anyone ever tried outlining a straight up first come first served system? Vet and pay a first batch of VIP users, then offer incentives to later joiners (eg vouchers for other products), then just free users, and finally introduce fees after reaching a certain user base, all committed to and outlined transparently from the beginning of course.
People start dating portals all the time. If you start with a targetted group that takes high value from it, you could plausibly do it in terms of network effect. Otherwise, you couldn’t start any network app or the biggest one would automatically win. So I think your argument proves too much.
Right, I completely missed the network effects, 5 minutes of thinking through wasn’t enough. May be there even are good apps there, which didn’t make it through the development and marketing part. Thanks, Vanessa!