'The dating market is saturated' — the objection that was exactly backwards
Every VC McLeod pitched in 2011-12 told him match.com owned the market and he'd never beat them. His counter was that almost nobody his age used any dating service at all, which means the market wasn't full — it had an unfixed problem. That problem was stigma: online dating meant a long, expensive, arduous desktop process associated with 'lonely weirdos'. Bartlett notes the stigma is now so completely gone that he had to think back to childhood to remember it ever existed.
- VCs uniformly cited match.com's ownership of the market.
- A market almost nobody uses is broken, not saturated.
- The thesis was stigma-free, fun, easy and lightweight for young people.
- In 2011 people did not meet strangers on the internet to date.
- The term 'dating app' did not yet exist.
“how could you say a market is saturated? Like I don't I almost know no one who uses dating services”
“The term dating app was not even a term yet.”