Yet the market for Travel is $300b (online) and the dating one is $2b (online).
How does that constitute as investors not wanting to invest into dating startups when there's 38x as many investors (by absolute numbers) as travel and yet the market is 150th the size? Seems like it's quite the opposite, no?
If anything the talking point here should be "why are so many people investing in dating apps when their returns aren't great?"
It'd be also helpful to define what you consider "mainstream" before drawing a conclusion...
You're being pedantic. I'm not saying that literally no dating products are getting funded - in fact, I'm an advisor to CoffeeMeetsBagel which is on that list. Just that there's major resistance (which that article talks about) and there isn't very much funding for the category compared to a "hot" category like SaaS/on-demand/messaging, etc. My point is that it's an uphill battle, and I gave the reasons why for investors are skeptical.
Travel is a misleading outlier as it has historically terrible margins and a large portion of the market volume is in airlines which historically generally lose money. On the other hand the market cap from online dating is pretty much entirely captured in online dating and isn't dominated by companies that own airplanes or hotels. "Revenue" that includes directly passed on fees is highly misleading as an indicator of relative market size. I'd rather own a company that made 1/4 as much than a company that passed 90% of revenue to other companies.
Here's some more data points. According to AngelList
https://angel.co/online-dating ~38,000 investors
https://angel.co/cryptocurrency-2 ~989 investors
https://angel.co/travel-tourism ~1,082 investors
Yet the market for Travel is $300b (online) and the dating one is $2b (online).
How does that constitute as investors not wanting to invest into dating startups when there's 38x as many investors (by absolute numbers) as travel and yet the market is 150th the size? Seems like it's quite the opposite, no?
If anything the talking point here should be "why are so many people investing in dating apps when their returns aren't great?"
It'd be also helpful to define what you consider "mainstream" before drawing a conclusion...