We have no idea. But we do know how to reverse-engineer Tinder to see what it would take to rebuild the startup that monetizes love and lust.
And according to Google’s keyword planner, around 4 090 000 people monthly Google things related to the keyword love. Another 55 600 000 monthly searches revolve around sex, and another 2 740 000 queries involve dating.
Multiply that number of users with $27, their presumed average worth in business terms, and you get $1.35 billion, which is just how much Bank of America Merrill Lynch valued Tinder at, in 2015. It seems that dating is a pretty good industry to be in these days, doesn’t it?
It’s actually even better than you might think — not only is the market ever-hungry, it is also constantly growing, as the yearly Gallup research shows.
Now, aren’t you curious what it would take to rebuild a service like Tinder and get a piece of that market?
Handling the matches and mismatches
Most of the dating apps, including Tinder, also have different algorithms that are behind suggesting your matches (there’s a pretty good TED talk about the mathematics behind them). All that and more takes place in the back-end, so don’t be surprised that this takes a big chunk of the development time
Inside the apps
Tinder, however, treats all of its users the same and the apps are comparable—after all, we are all playing the same swiping game, regardless of our preferred OS.
The app estimate includes two modes, the original one and the Tinder Social feature, and all the bells and whistles you’re familiar with if you ever tried swiping left and right.
What if I swipe right on the whole idea?
We’ve already established by now that the development of a brand new Tinder-like product would amount to 313 man-days (days an engineer spends on developing a certain feature or module).
At DECODE’s going rate of €400 a day, here’s the budget you’d need for development.
Ready to swipe right? 💖📱