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Morgan, Flatiron Partners and America Online , as well as. Morgan partner who sits on. Print Share fb Share Tweet Email. Yet as often as not, Selvin came away empty-handed in meetings with potential investors. Many venture capitalists just weren’t ready to stake money on Gay. Four years later, successor firm PlanetOut Partners has grown to four gay- and lesbian-oriented sites and just posted its first profitable quarter. With backing from J. Morgan, Flatiron Partners and America Online , as well as advertising from dozens of Fortune companies, the company dominates its niche in a way any high-tech entrepreneur would envy.

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Happy hetero couples, smiling so broadly their faces are in danger of cracking in half, breathlessly share the blissful tales of their cyber matching and, eventually, holy matrimony. Unfortunately, eHarmony welcomes the membership and money of hetero match-seekers, but lesbians are turned away. True, their money is just as green as their straight counterparts, but apparently the site doesn’t need gay dollars. Fortunately, there are some sites for gay people to cruise and peruse.

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Lowell Selvin, the CEO of PlanetOut Partners, tells how personal ads are helping his company Are you in danger of becoming a dating site?

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