From an App to an ecosystem Shayan Zadeh, Co-Founder & Co-CEO
What is Zoosk
• Dating that doesn’t suck • It’s all about choice
– Lifestyle: flirt or find your soul mate – People: 100,000 new daily signups – Medium: web, social networks, mobile, desktop – Monetization: freemium with virtual currency or subscription
• Seems to have struck a cord – 50 million users – Top ranked lifestyle app on multiple social networks – Fastest growing dating property worldwide – WSJ 50 Next Big Thing
Life of an App (and beyond!) • Zoosk launched as a Facebook application
– New Viral Platform – Simple and efficient distribution – Low barriers for customer acquisition
• But we wanted – To have a direct relationship with “our users” – To reach beyond just Facebook users – To build a business at scale – To build a lasting brand
• So we – Asked for our users’ email (January 2008) – Launched Zoosk on other social networks (March 2008) – Started direct monetization (April 2008) – Launched Zoosk.com (Fall or 2008)
Pillars of Success on “open” Platforms
• No single Arbitrage will last forever – Take full advantage of what you are given – Adopt to environment changes quickly – But don’t become dependant on the short term opportunities – And always keep in mind it won’t last
– Examples
• Unlimited communications through platform • Viral coefficient of above 1.0
Pillars of Success on “open” Platforms
• No single Arbitrage will last forever • Establish a direct relationship with “your user”
– It will be hard (and at times controversial) – It might feel you are giving up growth for no good reason – But is the only way if you want to be around long-term
– Examples
• Users’ email addresses and permission to email
• Users’ phone numbers and permission to txt
Pillars of Success on “open” Platforms
• No single Arbitrage will last forever • Establish a direct relationship with “your user” • Figure out your unit economics
– Different businesses REQIURE different models – Free, Freemium, and Paid all have it; figure it out – After finding a market fit, this is the hardest problem to solve – AND if the math doesn’t work, you won’t last
– Examples
• LTV and acquisition cost
Pillars of Success on “open” Platforms
• No single Arbitrage will last forever • Establish a direct relationship with “your user” • Figure out your unit economics • Experiment, Experiment, Experiment
– Not just important on open platforms – Make them short and cheap – But do a ton of them
– Examples
• What would happen if I ask my users to pay • What would happen if we remove this field from
signup form?
Where are we today
Questions
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