Lessons learned in business and love. [more inside]
Inside Dating Ring's Matchmaking System [more inside]
With funding running low, customers growing irate, and themselves at odds, Dating Ring's founders find themselves in the trough of sorrow and undertake a radical rethink of the company's focus.
Picking up where the last episode left off, at YC's Demo Day, the women of Dating Ring start trying to raise money. At the post-Demo mixer, Emma gets her first (literal) brush with sexism when an investor gropes her and then offers her $50k. Subsequent meetings go better and they manage to raise $400k in angel funds while "riding the wave." Then the tide turns - the investors' questions start getting tougher, and the rejections pile up. The founders begin to wonder - how much of their struggle is due to quality of their product and pitch, and how much is just plain sexism?
We learn more about Dating Ring's experience in the highly competitive startup accelerator Y Combinator. Will they be in the 90% of YC companies that fail, or will they be the next Airbnb? [more inside]