We think Palki Sharma’s got it wrong and here is why….

Doom and gloom story, with some truth but lacking in much context. Share price isn’t always the indicator of whether a business is doing well.

“All the ticker tells me is the price. And I can look at the price occasionally to see whether the price is outlandishly cheap or outlandishly high but prices don’t tell me anything about a business. Business figures themselves tell me something about a business but the price of a stock doesn’t tell me anything about a business. I would rather value a stock or a business first and not even know the price. So that I’m not influenced by the price in establishing my valuation and then look at the price later to see whether it’s way out of line with what my value is.” – Warren Buffet

So what’s the real story with Dating apps? Well we know user growth in the space is booming going from Sub 200 million to over 350 million users in the last 5 years, we also know that from a previous 1/10 relationships from dating apps in the US, it is now 3/10 relationships started from a dating app.

That’s not to say there aren’t some things this piece got right. 45% of current dating app users are unhappy and want something more meaningful and fun, churn is a major issue facing the current roster of dating apps, with users having no reason to stay once they’ve got a match. Other issues arise also with women getting too many matches and men getting too few. All things I’ve laid out in previous posts with my Vicious dating cycle of swipe right/left dating apps. The dating apps market cap was 11 Billion USD this year and is expected to grow to 26 billion by 2032.

But this also gives us a HUGE opportunity. One which U GOT GAME? is poised to capitalize on and truly disrupt. We’ve taken the idea of a dating tv gameshow & put it in the palm of your hand, and added an experiential marketplace to not just add value but reduce churn. The very structure of the app eliminates inundated inboxes and few matches and brings a level of fun and entertainment not seen in dating apps to date that I can think of. Over time we plan to add more games and content to help keep interaction fun and dynamic. We are addressing identity issues using AI facial recognition and government-issued ID. Building our app from the ground up to scale, have analytics, and be secure is also of utmost importance to us here at U GOT GAME? INC.

What do you think? Do you think targeting the 157 million plus dating app users unhappy with the status quo is the right strategy?

If interested in U GOT GAME?, reach out. Always looking for funding 🙂

CBC NEWS: How dating apps increase profits by making you frustrated

This only cements my belief that U GOT GAME? is the dating ecosystem people need today. If we take a more holistic approach to the date experience and give users a reason to use the app even after being in a relationship (with our experiential marketplace). Not to mention by allowing for more fun and stress-free interactions we can better serve customers in connecting and engaging with potential matches. It always comes back to personality, wit, and charm first. We are also working on an AI algorithm that will better match users in game lobbies, and over time help improve matches by better understanding people’s personalities.

 

Match Group CEO: Dating apps are the best place to find love, no matter what you see on TikTok

Are dating apps the best place to find love? I believe that’s still the case for most. The actual numbers do back this up. In the most recent PEW research they found 55-60% of users were happy with their dating experience. We also know globally the number of dating app users has gone from 200 million in 2021 to 350 million in 2024. There is no sign of this slowing down either.

Here at U GOT GAME? We’re targeting that 45% of users looking for meaningful connections and ways to connect. Not just with a 30 second voice prompt on a profile, but with actual interaction in a fun and safe way. To spur conversation………and maybe just connect with someone else.

What do you think?

https://fortune.com/2024/04/03/match-group-ceo-dating-apps-best-place-find-love-tiktok/

Bernard Kim – Match Group

Vicious Dating App Cycle

The Vicious Dating App Cycle of the swipe right/left monoculture, the very graphic taken from our pitch deck and designed based on our research on the subject. What do you think? (Please only reuse with permission from U GOT GAME? INC. )

Pew Research Center: Key findings about online dating in the U.S.

Almost 45% of dating app users are unhappy with dating apps and looking for something more meaningful. How would you fix the situation? Here at U GOT GAME? , we’ve tried to solve for these issues and more.

 

Dragons Den Audition

Over the weekend I had the pleasure of auditioning for Dragons Den with my co-founder Jordan Wall. It was a pretty awesome experience.

U GOT GAME? Video Walkthrough

Marketplace

U GOT GAME? will feature a marketplace where users can pre-purchase dining experiences, entertainment, and transportation for a date offers several appealing benefits to its users. Firstly, it saves users time and effort in planning and coordinating dates. By providing a centralized platform for booking various elements of a date, users can conveniently browse and select from a curated list of options that align with their interests and location. This streamlines the planning process, ensuring a smoother and more enjoyable experience for both parties involved.

Additionally, the inclusion of tax and tip in the pre-purchase ensures transparency and eliminates the awkwardness of bill-splitting discussions during the date. Users can confidently enjoy their time together without worrying about financial matters, fostering a more relaxed and stress-free environment.

Furthermore, the app’s consideration of users’ interests and location helps tailor the marketplace offerings to their preferences. Whether someone is seeking a cozy dinner, an adventurous activity, or a cultural event, the app can provide personalized recommendations based on their profile and previous interactions. This personalized approach enhances the overall dating experience, making it more enjoyable and increasing the likelihood of a successful connection.

The option to split the bill in different ways also adds flexibility to the dating process. Users can choose to split the expenses equally, cover the entire bill, or use other predetermined splitting methods. This feature promotes transparency and allows individuals to navigate financial dynamics in a way that suits their preferences and comfort levels, fostering a more balanced and equitable dating experience.

In summary, a dating app that integrates a marketplace for pre-purchasing date experiences with inclusive pricing, personalized recommendations, and flexible bill-splitting options offers convenience, transparency, and enhanced personalization. By addressing common pain points associated with planning and financial aspects of dating, such an app can attract users seeking a seamless and enjoyable dating experience.

Disruptive: Why U Got Game? is an Online Dating Trailblazer

There is a huge market opportunity for a dating app that disrupts the traditional online dating landscape by gamifying the experience and prioritizing personality over physical appearance. Online dating has become increasingly popular in recent years, with millions of people turning to dating apps to find love or companionship. However, many of these apps rely heavily on superficial features such as profile pictures, leading to a culture of swiping based solely on looks rather than personality or compatibility.

By creating a dating app that gamifies the experience and emphasizes personality first, there is an opportunity to capture a significant portion of this market. Gamification has proven to be a successful strategy for engaging users and keeping them coming back to a platform, and a dating app that incorporates fun and interactive features could attract a large and loyal user base. Additionally, by focusing on personality and compatibility, the app could differentiate itself from other dating apps and appeal to individuals who are looking for more meaningful connections. This could include users who are tired of the superficiality of traditional dating apps, as well as those who prioritize emotional intelligence and compatibility in their relationships.