Start a free online dating service that doesn’t suck.
Take what Plentyoffish has done, optimize and SEO the heck out of it. Translate into several European languages. Monetize by arbitraging traffic - acquire it free through SEO and WOM, then sell it to the Match and Meetics who are willing to pay up for customer acquisition. Believe me, Facebook and Co aren’t intention-driven enough. You want something that is between an online self-help questionnaire platform (for the girls) and AdultFriendFinder (for the men). With W3C-compliant XHTML/CSS please.
Read Josh Kopelman’s Penny Gap theory. Respect what Markus Frind has built - it’s an amazing achievement but one that can be improved on. Go meet folks like Marc Simoncini of Meetic (whom I haven’t seen since 2003, but who is a true rockstar), or Chris Vollmann, who built iLove (and is currently on a trip around the world following the sale of myvideo.de), or Joe Cohen of ex-Match.com fame (now running the fan-to-fan ticket exchange, Seatwave).
And please, as always, come see me for funding.
