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- Coffee matches Bagel is just a dating app, launched in 2012, that gives a far more curated experience.
- In 2015, the Coffee Meets Bagel cofounders appeared on “Shark Tank,” where they declined Mark Cuban’s offer of $30 million for the company that is entire.
- Among the cofounders, Dawoon Kang, stated she had been convinced it was the proper choice, despite the fact that other folks called them greedy.
Whenever Dawoon, Arum, and Soo Kang moved on the “Shark Tank” stage in 2015, these were hoping to get an offer from Mark Cuban, who they considered probably the most tech-savvy associated with five investors in the show.
The Kang sisters had been pitching Coffee Meets Bagel, an app that is dating, during the time, connected users with buddies of buddies and gave matches simply 7 days to get in touch. They certainly were asking the sharks for $500,000 in return for 5% of this business.
The exchange that is ensuing for starters associated with more dramatic episodes ever aired. Cuban was the initial of this investors to declare himself “out” — but simply because the Kangs were planning to walk from the phase, he offered them $30 million for the whole company. It absolutely was the offer that is largest in “Shark Tank” history.
The Kangs rejected the offer.
“we come across this business growing as big as Match.com,” Arum Kang told the sharks, adding that Match had been being a company that is billion-dollar. (In 2017, Match Group, the organization that owns Match.com as well as Tinder as well as other online dating services, had $1.3 billion in income.)