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

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

The Kang siblings developed the successful relationship software, Coffee Meets Bagel.

The Kang siblings, Soo, Dawoon and Arum, stunned everybody if they said no to $30 million, walking away from Mark Cuban’s record-setting offer due to their dating app on ABC’s “Shark Tank” early in the day this season.

“We got therefore numerous e-mails, ‘You sisters are incredibly crazy! Exactly what are you thinking? ’” Dawoon Kang told “Nightline. ” “Seeing most of the feedback and reviews … i need to wonder, being called ‘greedy, ’ ‘gold digger, ’ would we now have been called those names whenever we are not women? I’d to wonder that. ”

“If we were guys, we might oftimes be called ‘Bold! Visionary! Brave’ for rejecting. Needless to say we weren’t called that, ” Arum Kang added, laughing.

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

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

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

Coffee matches Bagel is free while the application provides one match, or even a “Bagel, ” by noon each time, based on its site.