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Requirement for each event vary with the organizer.
Specific age range based on gender is a common restriction for events.
Because the matching itself happens after the event, people do not feel pressured to select or reject each other in person.
Many speed dating events are targeted at particular communities: for example, LGBT people, polyamorists, Some feel that speed dating has some obvious advantages over most other venues for meeting people, such as bars, discotheques, etc.
in that everybody is purportedly there to meet someone, they are grouped into compatible age ranges, it is time-efficient, and the structured interaction eliminates the need to introduce oneself.
Pre-Dating was acquired by Cupid.com, but eventually became independent again. The disadvantage is people do not actually meet one another.
One of the advantages that speed dating has over online speed dating and online dating in general is that when being face to face with someone, you get a better sense of who they are due to their body language, gestures, tonality and more.
Speed Dating, as a single word, is a registered trademark of Aish Ha Torah.