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

Dating App Business That <a href=""></a> 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 everyone else if they said no to $30 million, walking far from Mark Cuban’s record-setting offer with regards to their dating application on ABC’s “Shark Tank” early in the day this current year.

“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 reviews and reviews … i need to wonder, being called ‘greedy, ’ ‘gold digger, ’ would we now have been called those names whenever we are not females? I’d to wonder that. ”

We would probably be called ‘Bold“If we were men! Visionary! Brave’ for rejecting. Needless to say we weren’t called that, ” Arum Kang added, laughing.

Nonetheless it might easily grow to be a courageous, bold and move that is visionary Soo, 35, Dawoon and Arum, both 32, believe their dating software, Coffee Meets Bagel, is really worth much more, specially given that Tinder is respected at $1.5 billion.

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

“We like to phone ourselves the anti-Tinder, ” Arum stated. “Any girl who’s got utilized tinder has one or numerous tales regarding the types of behavior males display on Tinder … it is maybe maybe perhaps not the best experience and … it seems creepy. ”

Coffee suits Bagel is free and also the software provides one match, or a “Bagel, ” by noon each according to its website day. Read More