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Dating App Business That Turned Down $30M ‘Shark Tank’ Offer

Friday, September 4th, 2020

Dating App Business That Turned Down $30M ‘Shark Tank’ Offer

The Kang siblings developed the dating that is successful, Coffee Meets Bagel.

The Kang siblings, Soo, Dawoon and Arum, stunned every person once they said no to $30 million, walking far from Mark Cuban’s record-setting offer due to their app that is dating on “Shark Tank” early in the day in 2010.

“We got therefore emails that are many ‘You sisters are incredibly crazy! Exactly what are you thinking? ’” Dawoon Kang told “Nightline. ” “Seeing most of the responses and reviews if we were not women… I have to wonder, being called ‘greedy, ’ ‘gold digger, ’ would we have been called those names? I’d to wonder that. ”

“If we had been males, we’d oftimes be called ‘Bold! Visionary! Brave’ for rejecting. Needless to say we weren’t called that, ” Arum Kang added, laughing.

Nonetheless it would probably become a courageous, bold and visionary move because Soo, 35, Dawoon and Arum, both 32, believe their dating software, Coffee Meets Bagel, may be worth a great deal more, particularly given that Tinder is respected at $1.5 billion.

Coffee lds planet satisfies Bagel, which includes raised $7.8 million in outside capital and has now a lot more than doubled its individual base since appearing on “Shark Tank” in January, areas itself as a substitute for all sick and tired of over-sexualized times the siblings state are on other online dating services. Alternatively it fixes up individuals up with matches that concentrate on quality over amount.

“We like to phone ourselves the anti-Tinder, ” Arum stated. “Any girl who may have utilized tinder has one or numerous tales associated with the forms of behavior guys display on Tinder … it is perhaps maybe not the best experience and … it seems creepy. ”

Coffee suits Bagel is free while the application provides one match, or even a “Bagel, ” by noon each time, in accordance with its internet site. (more…)