Today they are the co-founders of Cherub, a marketplace that pairs angel investors with entrepreneurs.
Johnson likens Los Angeles-based Cherub to Raya, an online membership-based community for dating, in that it matches founders and angel investors based on their preferences.
Or if an entrepreneur’s minimum investment is $25,000 but an angel investor is only investing $10,000 per deal, they can see that and not reach out to connect.
Of those deals, 40% were new angel investors, meaning they were accredited investors that had never written checks before.
Angel investor Allen Orr told TechCrunch that he had used other platforms such as AngelList in the past.
Slides in this deckQueerie shared its full, unredacted, 13-slide pitch deck with TechCrunch.
Cover slide Cover slide part 2 Mission slide Problem slide Solution slide Market size slide How it works slide Traction slide Competition slide Team slide Ask and Use of Funds slide 6-year (!)
Slides in a pitch deck should help an investor decide to invest.
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Bumble’s new CEO talks about her critical mission: to spice things up at the company Tis the season for turnaround CEOsSince Bumble’s blockbuster IPO at the height of the pandemic, investors’ ardor with the dating service has cooled.
Part of it ties to AI, which Bumble’s rivals are also leaning into more heavily.
But as we approach our 10-year anniversary, it’s a great moment to think about how we best serve our mission.
Historically, what we’ve seen is that a lot of men will come to Bumble who believe in women being empowered.
Bumble has always been great at community-based marketing: hosting events and finding ambassadors who really want to represent the brand.
Tinder-owner Match Group has appointed two new members to its board of directors and signed an agreement with Elliott Management, the company announced on Monday.
Chief marketing officer at Instacart, Laura Jones, and Zillow co-founder Spencer Rascoff, will be joining the board, effective immediately.
Match said in a press release that the appointments followed a “a constructive dialogue” with the activist investor, as the two companies have entered in an “information-sharing” agreement.
“We appreciate the collaboration with management and the Board over the past several months, and we are confident that Laura Jones and Spencer Rascoff are strong additions to the Board.
The activist investor’s push for change at the dating firm follows board shakeups at Crown Castle and Etsy.
Twitter’s former head of trust and safety Yoel Roth announced today that he is joining Match Group, the parent company of several popular dating apps, including Tinder and Hinge.
Yoel, who shared the move on LinkedIn, is now the company’s Vice President of Trust and Safety.
I swiped right on Match Group,” Roth said in his announcement post.
Roth is now taking his trust and safety expertise to Match’s family of dating apps, which includes Tinder, Match.com, Meetic, OkCupid, Hinge, Plenty of Fish, OurTime, and more.
Although dating apps have built-in features to keep users safe, there is still a lot of toxic behavior on these apps, and not everyone trusts them.
Bumble has lost a third of its Texas workforce in the months since the state passed the controversial abortion SB 8 (Senate Bill 8), also known as the Texas Heartbeat Act, over a year ago.
We’ve supported employees who’ve chosen to move out of state,” Monteleone added.
“We — since SB 8 — have seen a reduction in our Texas workforce by about a third.
The dating app maker became the first business to join an amicus brief in support of a lawsuit against the Texas abortion law, Zurawski v. State of Texas, filed by the Center for Reproductive Rights.
The dating app maker posted a weak Q4, with a $32 million net loss and $273.6 million in revenue.
Dating app maker Bumble is rethinking its vision for the company’s future after announcing weak earnings and massive job cuts that will see the company cutting a third of its staff, or around 350 employees.
“Candidly, we have been slow to realize this broader vision with Bumble BFF thus far,” she told investors on Tuesday’s Q4 2023 earnings call.
The CEO noted that the current BFF product has a small, but strong following.
This is due to BFF using the same one-to-one match paradigm for friendships as Bumble uses for dating.
That could limit BFF’s ability to monetize as Bumble’s dating product does.
Bumble, a once-powerful force in online dating, is facing a reckoning.
CEO Lidiane Jones announced that 37% of Bumble’s workforce, or about 350 employees, would be let go, and that Bumble would embark on an app overhaul targeted at reviving growth.
And many of the capabilities introduced in Bumble’s apps in the past 18 months haven’t resonated with the user base, Jones said during the call.
Jones, who joined from Slack in January, appointed four new C-suite executives at Bumble in the last week alone.
Dating apps generally — including Match Group’s — have seen declining revenue from users reluctant to fork over cash for premium add-ons.
This week, we’re looking at a new finance-based dating app, Robinhood’s earnings results and the startup in which PayPal Ventures made its first investment.
Launched by financial platform Neon Money Club, Score is a dating app for people with good to excellent credit, and it seeks to help raise awareness about the importance of finances in relationships.
Dollars and centsFinom, a European challenger bank aimed at SMEs and freelancers, has raised €50 million ($54 million) in a Series B equity round of funding.
Rasa, an enterprise-focused conversational generative AI platform with financial services companies as clients, raised $30 million in a Series C round co-led by StepStone Capital and PayPal Ventures.
Cash App announced it will now offer “up to” a 4.5% APY (annual percentage yield) for its Cash App Savings customers, with a few caveats.
OpenAI releases Sora, a credit score–based dating app launches and an anti-Tesla ad comes under fireWelcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter covering noteworthy happenings in the tech industry.
This week, OpenAI stunned the blogosphere with the release of Sora, a new AI model that can generate videos in impressively high fidelity.
Elsewhere, startup Score released a dating app exclusive to people with good to excellent credit scores.
Google upgrades Gemini: Google expanded the range of its Gemini AI models available to developers across its platforms.
And it’s previewed a new Gemini model capable of analyzing whole books, hours-long audio and hour-long videos.
