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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 else once they said no to $30 million, walking far from Mark Cuban’s record-setting offer because of their dating app on ABC’s “Shark Tank” earlier in the day in 2010.

“We got therefore emails that are many ‘You sisters are incredibly crazy! What exactly are you thinking? ’” Dawoon Kang told “Nightline. ” “Seeing most of the remarks and reviews if we were not women… I have to wonder, being called ‘greedy, ’ ‘gold digger, ’ would we have been called those names? I experienced to wonder that. ”

“If we had been males, 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 turn into 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 much more, particularly given that Tinder is respected at $1.5 billion.

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

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

Coffee matches Bagel is free as well as the software delivers one match, or even a “Bagel, ” by noon each according to its website day. (more…)