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If the founders of dating app Coffee Meets Bagel turned down Mark Cuban’s $30 million offer on ‘Shark Tank’ 36 months ago, they got lots of e-mails calling them ‘crazy,’ ‘greedy,’ and ‘stupid’ — however they nevertheless are not sorry

If the founders of dating app Coffee Meets Bagel turned down Mark Cuban’s $30 million offer on ‘Shark Tank’ 36 months ago, they got lots of e-mails calling them ‘crazy,’ ‘greedy,’ and ‘stupid’ — however they nevertheless are not sorry

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  • Coffee suits Bagel is just a dating application, 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 when it comes to company that is entire.
  • One of many cofounders, Dawoon Kang, stated she had been convinced it was the proper choice, despite the fact that others called them greedy.

Whenever Dawoon, Arum, and Soo Kang stepped on the “Shark Tank” stage in 2015, these people were looking to obtain an offer from Mark Cuban, whom they considered probably the most tech-savvy associated with five investors in the show.

The Kang siblings had been pitching Coffee Meets Bagel, a dating application that, during the time, connected users with buddies of buddies and offered matches simply 7 days for connecting. These were asking the sharks for $500,000 in return for 5% for the business.

The exchange that is ensuing for just one of this more dramatic episodes ever aired. Cuban had been the initial associated with the investors to declare himself “out” — but simply whilst the Kangs were planning to walk off the stage, he offered them $30 million when it comes to company that is entire. It had been the offer that is largest in “Shark Tank” history.

The Kangs rejected the offer.

“We see this business growing as huge as Match.com,” Arum Kang told the sharks, adding that Match ended up being being a company that is billion-dollar. (In 2017, Match Group, the organization that owns Match.com in addition to Tinder along with other online dating services, had $1.3 billion in income.)

Læs videre If the founders of dating app Coffee Meets Bagel turned down Mark Cuban’s $30 million offer on ‘Shark Tank’ 36 months ago, they got lots of e-mails calling them ‘crazy,’ ‘greedy,’ and ‘stupid’ — however they nevertheless are not sorry