Free Dating Site, OkCupid Gets $6 Million in Funding

OkCupid Logo“Our goal is to reduce GDP by half a million dollars by completely eliminating the subscription online dating market,” stated Sam Yagan, the CEO of OkCupid.  OkCupid has just raised $6 million from a group of angel investors.  Sam Yagan told GigaOM that OkCupid can pull off a very successful dating website without making users pay like PlentyOfFish does.

OkCupid has 600K+ active users (people that have logged in within 90 days), but has 1.3 million subscribers and PlentyOfFish reports that there are 250K users logging in every day.  “All of the big guys think users want to pay for dating because paying for something equals quality,” stated Yagan.  “Well, unless has some way of getting Tom Cruise and all the actors and actresses to stand behind a firewall, our users are their users.”

Sam Yagan has previously founded SparkNotes and sold it Barnes & Noble in 2001.  Yagan also founded eDonkey, a P2P software that was later shut down by the RIAA.

[Source: GigaOM]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at

Free Dating Site, OkCupid Gets $6 Million in Funding Comments

  1. Tryste says:

    I think the likes of OKCupid and PlentyOfFish will erode the market share of all the big online dating sites. I think it’s just a matter of time until the become the biggest players in the dating arena.

  2. Amit Chowdhry says:

    It seems that the market is saturated with players for different regions. America has its, India has its, Canada has its PlentyOfFish:

    I strongly believe that within the next couple of years, one dominant player will enter the market and seize audiences from almost every region.

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