Like many online dating sites, Speed is a freemium service and its revenue comes from premium subscriptions.
After Speed Date secured million in Series B financing from Menlo Ventures, Jason Kincaid at Tech Crunch reported: "Unlike most dating sites, there was no lengthy signup process – the site leaves the real matchmaking to your video chats.
It has so permeated Western popular culture that even those who aren't looking for love know what it is.
The concept was introduced to the American dating scene at the turn of the 20th century by Rabbi Yaacov Deyo and his wife, Sue, who founded their own service, Speed Dating.
In 2000, the dating technique reached craze status, spreading quickly to rest of the Western world, taking strong footholds in both England and Australia.Speed dating is the hot new alternative on the dating scene, compared to barhopping and online dating.In the present world of speed and frenzy, speed dating is the instant dating solution for today’s youngsters.At the end of the event participants submit to the organizers a list of who they would like to provide their contact information to.If there is a match, contact information is forwarded to both parties.One thing you really don’t have is the luxury of time. The trick is to select from among these the questions that are closest to your heart and whose answers are important to you.