Episode

#41 - Dating app that has an admissions process like Harvard
listen on Spotify
1:02:16
Published: Wed Feb 05 2020
Description

** In our Facebook group yet? We hang out there so come join and let's talk ideas: www.facebook.com/groups/ourfirstmillion ** Amanda Bradford (@amandabradford) was 28 years old, in business school and using dating apps. She got tired of stalking every match on Linkedin, Facebook etc.. to see if they were legit. Why doesn’t the dating app do this for me?So against all her advisors advice, she started a dating app called the League that checks your Facebook & Linkedin to verify that you are who you say you are.Strange idea, but It’s kinda working! They have over 100k paying members, profitable & been around for 5 years. We talk about: how she got her first 400 users at launch, how they figured out if people would pay $$ for subscription and what the future of dating looks like.  See acast.com/privacy for privacy and opt-out information.

Chapters
The Pitch will be changing its format to include more brainstorm sessions with interesting guests rather than the traditional life story format, exploring how individuals operate their companies for success.
00:00 - 03:24 (03:24)
listen on Spotify
Podcast format change
Summary

The Pitch will be changing its format to include more brainstorm sessions with interesting guests rather than the traditional life story format, exploring how individuals operate their companies for success.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
The host explains how dating apps were designed to be addictive and gamified, and how the idea for a dating app for career-oriented people came about.
03:24 - 05:57 (02:33)
listen on Spotify
Online Dating
Summary

The host explains how dating apps were designed to be addictive and gamified, and how the idea for a dating app for career-oriented people came about.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
By curating a community of people who are serious about finding a date, dating sites such as the one mentioned in this podcast, benefit from a higher chance of success in finding a compatible match due to greater choice and assurance of genuine profiles.
05:57 - 09:25 (03:27)
listen on Spotify
dating
Summary

By curating a community of people who are serious about finding a date, dating sites such as the one mentioned in this podcast, benefit from a higher chance of success in finding a compatible match due to greater choice and assurance of genuine profiles.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
The League is a dating app that operates on a ranking system.
09:25 - 12:44 (03:18)
listen on Spotify
Dating Apps
Summary

The League is a dating app that operates on a ranking system. Users are encouraged to present their best possible profile and are allowed to rank other users every couple of days to optimize their own league score.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
The League dating app is designed for those who are looking for a more serious relationship without the pressure of immediately getting married, providing a middle ground between apps like Bumble and more serious platforms like eHarmony or Match.
12:44 - 19:07 (06:22)
listen on Spotify
dating
Summary

The League dating app is designed for those who are looking for a more serious relationship without the pressure of immediately getting married, providing a middle ground between apps like Bumble and more serious platforms like eHarmony or Match.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
The idea of synchronous technology raises questions about the future and results in people feeling exposed, yet more people should try innovative business ideas using synchronous technology.
19:07 - 21:27 (02:20)
listen on Spotify
Synchronous Technology
Summary

The idea of synchronous technology raises questions about the future and results in people feeling exposed, yet more people should try innovative business ideas using synchronous technology.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
The speaker discusses the challenges of evaluating whether a business will be successful or not, and how obtaining funding can be a signal that an idea has potential.
21:27 - 23:17 (01:49)
listen on Spotify
Entrepreneurship
Summary

The speaker discusses the challenges of evaluating whether a business will be successful or not, and how obtaining funding can be a signal that an idea has potential.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
The speaker shares their experience of testing early customers for their membership-based business without directly selling or handling payments.
23:17 - 27:36 (04:19)
listen on Spotify
Membership Business
Summary

The speaker shares their experience of testing early customers for their membership-based business without directly selling or handling payments. They used a mixer event to gather a pool of potential customers from various elite institutions and had a 15% conversion rate.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
A small team launched a dating app on college campuses, focusing on providing the benefits of a lifestyle business with the exit value of a recent back start-up.
27:36 - 32:46 (05:10)
listen on Spotify
Dating app
Summary

A small team launched a dating app on college campuses, focusing on providing the benefits of a lifestyle business with the exit value of a recent back start-up. The app became successful primarily by sending a representative to campus sororities and fraternities to promote the app's download amongst college students.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
The speaker discusses her experience with Stanford's entrepreneurial programs and shares insights on people management, including partnering with Eventbrite to offer events and her avoidance of performance reviews and compensation plans.
32:46 - 37:58 (05:11)
listen on Spotify
Entrepreneurship
Summary

The speaker discusses her experience with Stanford's entrepreneurial programs and shares insights on people management, including partnering with Eventbrite to offer events and her avoidance of performance reviews and compensation plans.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
The speaker discusses the challenges of selling a company, particularly one that has undergone significant pivots, and the lack of information available on the subject.
37:58 - 39:39 (01:41)
listen on Spotify
Business
Summary

The speaker discusses the challenges of selling a company, particularly one that has undergone significant pivots, and the lack of information available on the subject.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
The speaker shares how they were able to obtain a term sheet for their fundraising in just 45 days and turned down a third offer because it wasn't close to what they were looking for.
39:39 - 41:07 (01:28)
listen on Spotify
Fundraising
Summary

The speaker shares how they were able to obtain a term sheet for their fundraising in just 45 days and turned down a third offer because it wasn't close to what they were looking for.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
The speaker shares how they created a successful podcast with a million downloads in just six months by starting with 10 amazing people and pushing record.
41:08 - 44:47 (03:38)
listen on Spotify
Podcasting
Summary

The speaker shares how they created a successful podcast with a million downloads in just six months by starting with 10 amazing people and pushing record. They also talk about the challenges of getting through due diligence and making sure the deal stays viable while continuing to work hard for four years straight.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
A discussion around the strengths and weaknesses of dating apps, including the idea that the biggest database wins and that this is good for demographics that live in rural areas and are not high density, with little competition among elite or professional dating services.
44:47 - 48:31 (03:43)
listen on Spotify
Dating Apps
Summary

A discussion around the strengths and weaknesses of dating apps, including the idea that the biggest database wins and that this is good for demographics that live in rural areas and are not high density, with little competition among elite or professional dating services.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
As industries constantly grow and evolve, entrepreneurs are presented with new opportunities and challenges.
48:31 - 55:29 (06:58)
listen on Spotify
Online Safety
Summary

As industries constantly grow and evolve, entrepreneurs are presented with new opportunities and challenges. This transcript discusses the need for an online alliance aimed at addressing issues related to data privacy and user trust.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million
Amanda Bradford talks about the League Live feature on her dating app, which offers video chat appointments as a way to connect with potential matches, and discusses the potential benefits of this feature for online dating.
55:29 - 56:10 (00:41)
listen on Spotify
Dating Apps
Summary

Amanda Bradford talks about the League Live feature on her dating app, which offers video chat appointments as a way to connect with potential matches, and discusses the potential benefits of this feature for online dating.

Episode
#41 - Dating app that has an admissions process like Harvard
Podcast
My First Million