Patented Algorithm - Social Internet Platform

Mid South

Patented Algorithm - Social Internet Platform
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Asking Price: $4,000,000

Established: 2010

Patented Algorithm - Social Internet Platform

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Asset Sale Description

The company holds a patented method and algorithm applied online and in the iOS and Android dating apps that connects people through industry recognized psychometric assessments, and astrology.

The company's platform uses the science of connection to empower people to create meaningful relationships.

The company's API integration strategy based on its patented algorithm also allows partnering with the likes of IAC, eHarmony.com, and other social networking platforms to further monetize larger user bases by utilizing their proprietary algorithms for creating better matches.

Revenue funnels include -
*API Integration Partnerships
*Paid Subscriptions
*In-App Upgrades & Features
*Astrology Reports & Gift Shop Items
*Free Subscriptions with Ads

The Founder developed the algorithm and patented the technology about 3 years ago.

The Founder is open to complete exit, partnership, or equity investments (min. $1M).

Willing to stay on as an Executive, Advisor, or a Board member.

5-Year Revenue Forecast around $40M, based on 30M users.

Singles in America spend $82 billion every year on dating.

Americans spend $200+ million per year on Astrology.

The US dating service market is estimated to be worth $2.2 billion.

An estimated 38 Million People spend $48 Billion annually on services like astrology.

The average dating site customer spends $239 a year.

Addressable market is at least 44 million individuals (eHarmony.com) and can be as high as 200 million people (LinkedIn.com).

Office ID# - 4471 DK

Detailed Information

Reason for Selling:
Family
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(from currently available funds)
 
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William Park

Asset Sale Listed By:
VR Business Brokers

VR Business Brokers

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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