Where Coffee Meets Bagel, the Dating App Startup That Turned Down $30M ‘Shark Tank’ Offer, Is Today

Where Coffee Meets Bagel, the Dating App Startup That Turned Down $30M ‘Shark Tank’ Offer, Is Today

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

В— — The Kang siblings, Soo, Dawoon and Arum, stunned everybody if they said no to $30 million, walking far from Mark Cuban’s record-setting offer with regards to their app that is dating on “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 all of the remarks 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.”

“If we had been 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 software, Coffee Meets Bagel, is really worth much more, specially given that Tinder is respected at $1.5 billion.

Coffee suits 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, areas itself as a substitute for all sick and tired of over-sexualized times the siblings state are on other online dating services. Instead it fixes up people up with matches that give attention to quality over amount.

“We like to phone ourselves the anti-Tinder,” Arum stated. “Any girl who’s got utilized tinder has one or many stories associated with the forms of behavior males display on Tinder … it’s perhaps perhaps not the best experience and … it seems creepy.”

Coffee satisfies Bagel is free additionally the application provides one match, or a “Bagel,” by noon each according to its website day. Users have actually a day to choose either to “Like” or “Pass” on their Bagel, of course two different people “Like” one another, then your software will start a personal talk in order for them to set a date up, which just can last for 7 days. Bagels are determined through some type of computer algorithm that combs through users’ Twitter buddies and “friends of friends,” assessing passions and experiences that are personal match users with pages similar to theirs.

But Coffee Meets https://privatelinesdating.com/ Bagels faces competition in a niche that is crowded application market, rising against apps like Tinder, Hinge, Bumble and also the League, that are all vying with regards to their little bit of the believed $2 billion online dating sites industry.

But unlike Tinder, where 58 % of their users are male relating to their data, Coffee Meets Bagels boast a lot of female users. The Kang siblings state that’s because their users are searching for love, definitely not intercourse.

Coffee matches Bagel, the Dating App that Turned Down ‘Shark Tank’ Offer

“Females constitute nearly 50 % of Tinder’s individual base,” Tinder stated in a declaration to ABC Information, and “there are an incredible number of ‘swiped right’ stories that demonstrate Tinder is producing significant and lasting connections around the whole world.”

Jamie Miller, whom simply relocated to san francisco bay area from a tiny city in Ohio, tried Coffee suits Bagel because she wished to weed the weirdos out.

“once I first relocated right right here we came across a few dudes but I felt like no body took it seriously,” she said. “Just, ‘Hey nice to generally meet you… bye…’ and I also want something significantly more than that.”

Her very very first “Bagel” ended up being Zach, a 26-year-old business designer for the next start-up, plus in conversing with one another, they both found he football, and her cross country out they had athletics in common.

“We have actually a whole lot in typical,” Miller said. “ He has a personality that is great. I like him up to now. It’s the start.”

Whether this Bagel will turn into “the one” or otherwise not, the Kang siblings are confident that Coffee Meets Bagel has what it takes to revolutionize the relationship game.

At their house workplace in new york, they will have a wall surface of popularity specialized in a few of their users that are early finished up marrying their matches. In reality, the siblings state they’ve been now creating about 500 partners per with more than 200 marriages and 20,000 relationships as a result of matches through their app week.

“At the finish of the afternoon we knew we made the right decision,” Dawoon Kang stated.

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