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- Coffee satisfies Bagel is really a dating application, launched in 2012, that offers a more experience that is curated.
- In 2015, the Coffee Meets Bagel cofounders appeared on “Shark Tank,” where they declined Mark Cuban’s offer of $30 million when it comes to company that is entire.
- One of several cofounders, Dawoon Kang, said she had been convinced them greedy that it was the right decision, even though other people called.
Whenever Dawoon, Arum, and Soo Kang wandered on the “Shark Tank” phase in 2015, these people were looking to get an offer from Mark Cuban, whom they considered the absolute most tech-savvy regarding the five investors regarding the victoria hearts review show.
The Kang siblings had been pitching Coffee Meets Bagel, an app that is dating, during the time, connected users with buddies of buddies and provided matches simply a week for connecting. The sharks were being asked by them for $500,000 in return for 5% associated with the business.
The exchange that is ensuing for just one regarding the more dramatic episodes ever aired. Cuban had been the initial of this investors to declare himself “out” — but simply since the Kangs were planning to walk from the phase, he offered them $30 million for the company that is entire. It had been the biggest offer in “Shark Tank” history.
The Kangs rejected the offer.
“we come across ecommerce growing as huge as Match.com,” Arum Kang told the sharks, incorporating that Match had been learning to be a billion-dollar business. (In 2017, Match Group, the business that has Match.com as well as Tinder as well as other online dating services, had $1.3 billion in income.)