As well this is the Company's Chief Executive Officer, Robert Rositano's interview with Mike Elliott of CEOLive.tv
Investors are strongly encouraged to view the entire interview
Facebook valued What'sApp's users at $42 per user
Total Acquisition price? $22,000,000,000
We've searched and found another company with 650,000+ users in the exact same space
Friendable recognizes that "Everything starts with Friendship" and the way to make connections and meet new people continues to evolve through new technologies and devices that make it all possible.
Today just about everyone is on the move and interacting online with their mobile devices, creating dynamic opportunities to find and explore new experiences with location specific accuracy.
Friendable provides its vast mobile community of users with the freedom to meet new people, hang out with current friends, explore exciting venues and interact in social activities based around shared interests and location, transforming mobile interactions into a real-life social experiences.
Friendable bridges our mobile community of users with the meeting of new friends, building relationships and connecting them with local venues or events tied to their interests, which presents newfound ways for them to interact and hang out.
Meeting new people and making connections has grown, where the modern meaning of "being social" or "meeting up" now includes opportunities to meet through mobile apps.
The result of these interactions produces hyper-local advertising opportunities, allowing Friendable to act as both a friend finder and concierge using nearby locations to identify activities, events and businesses that may provide the entertainment they are seeking.
Making friends through a mobile app allows people of various backgrounds to connect through common interests and engage in fresh experiences while cultivating deep relationships.
Meet people where you want, when you want, and show the world that you're Friendable -- Everything starts with friendship!
Industry Related Data:
A similar non-gps dating app tinder (Nasdaq:IACI owns 10% stake) is valued at $500million (24million members as of June 2015)...Reports CNN, Bloomberg
IACI as well recently acquired Howaboutwe 1.5 million users.
Back in 2005, Facebook was given $12.7 million to grow, Friendable social was recently given $2.5 million to grow*
Silicon Valley's 5 recent Buyouts, values each app members as low as $42 to as high as $140
2 1.5 million members (Friendable over 200 countries) by December due to TV Ads & Andriods app & India. Google, Yahoo, IACI, Venture capitalist, Wallstreet & Celebrities are watching
Uber gps app valued at $18.5 Billion, Whatsapp at $19 Billion, tells you all what is at stake here..TOO BIG..Silicon Valley is a different ball game..Charts & MJ do not work here. Buyouts anytime & anywhere
How many Dating + App + social networking companies have stocks? None.. dating stocks are too expensive, limited in scope and growth, incomparison to Friendable
Friendable has been private for 4 years, took over tfer shell, and went public in April/ May 2014 and bigger things are coming,
without any advertising and awareness, with 600,000 members and growing daily!
Founded by brothers Robert and Dean Rositano in Campbell, California — right in the competitive midst of tech giants Yahoo (NASDAQ:YHOO), Google (NASDAQ:GOOG) (NASDAQ:GOOGL), Facebook, and many more — Friendable has created an app that works to help get people together, to put it simply.
With high expectations of growth and a belief that after the half-million mark “there’s going to be additional virility that may drive us past that million mark,” Friendable could be on its way up to compete in scale with the bigger players in the field. At that point, it will come down to what tools each has to win over customers and monetize.
Though Friendable's competitors have the advantage in numbers so far and definitely have enough going on for them to remain successful, the startup app appears to have a system that could win over users all around.
Match.com is essentially a social network for people looking to find romantic partners. With a paid subscription, the site allows you to communicate with other users, see who has viewed your profile, track your communications, and attend Stir events, which are essentially mixers for members that occur all over with various themes (one was an archery contest.) It may be a simple platform for finding romantic interests, but it has the large user base adding value for new users and continuing users. As an added value, it also started screening new users to weed out sex offenders and help improve safety, according to ABC News.
Tinder is a good fit for the young crowd. By linking to Facebook accounts, it makes it very easy for users to populate their profile with pictures for potential matches to see. After setting their location and picking an age range, a simple swipe allows users to express their interest or disinterest in meeting up with someone, and when matches are made, things go from there. According to the company’s website, “Tinder sees more than 850 million swipes and more than 10 million matches every single day.” It’s got trendiness on its side, particularly with the added Snapchat-like feature of photos with doodles and a 24-hour lifespan that can be sent to connections, plus the added benefit of being a free app.
Meetup sits on the other side of the fence, as it facilitates finding groups of people to do things with, rather than finding a single romantic partner. For people moving to new places or just looking to find company for specific activities, this offers something that Tinder and Match.com don’t. The service is mostly free as well, only charging people who create and host groups. Currently, Friendable is only available on iOS, but the company has already began development on the Android Platform.
Note: The top 5 Free apps are worth $20B+, the top 10 is $1B+