Dating and business not all that different

Almost everyone wants it and many are willing to do almost anything to get it.

dating and business not all that different-5

"Although not single myself, it was clear that entrepreneurs who were single and looking just didn't have the time to dedicate to complicated registration processes, nor fool with the trivialities attached to the mainstream dating sites," he says.

"We wanted to create a reputable site for entrepreneurs -- and those interested in them." Today there are 160,000 members on Entrepreneur (not to be confused with Entrepreneur Dating.com, a newer site with about a 1,000 members whose owner declined to be interviewed).

According to statistics, there are more than 5,000 dating sites worldwide with 1,000 new ones appearing every year.

If you check your market on Google and find numbers like these, I suggest you look for another opportunity where the number of competitors you can find is less than 10.

Facebook spent $150 million before positive cash flow.

For a new startup, the best way to assure survival is to file patents or other intellectual property to keep future competitors from copying your success.

Aspiring entrepreneurs often approach me as an angel investor, touting their innovative idea for yet another online dating site.

I agree the need is out there, with over 91 million interested singles between the age of 19 and 45 around the world.

The rapid growth of online dating is as much about money as it is about love. According to the device security firm, Iovation, 39% of online dating now happens through mobile apps and around half of all singles in the United States currently use or have used online dating sites or apps at least once.

The algorithms that power these sites have gotten smarter.

Some entrepreneurs are tackling these dating challenges in the same way they handle their business: once you see a need in the marketplace, you find a way to fill it.

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