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As soon as the founders of dating app Coffee Meets Bagel turned straight straight 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’ — nevertheless they nevertheless are not sorry

Wednesday, March 4th, 2020

As soon as the founders of dating app Coffee Meets Bagel turned straight straight 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’ — nevertheless they nevertheless are not sorry

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  • Coffee satisfies Bagel is 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 for the whole company.
  • One of several cofounders, Dawoon Kang, stated she ended up being convinced it was the best decision, and even though other folks called them greedy.

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

The Kang siblings had been pitching Coffee Meets Bagel, an app that is dating, during the time, connected users with buddies of friends and offered matches simply 7 days to get in touch. The sharks were being asked by them for $500,000 in return for 5% associated with the business.

The exchange that is ensuing for starters for the more dramatic episodes ever aired. Cuban had been the very first associated with the investors to declare himself “out” — but simply because the Kangs were going to walk off the phase, he offered them $30 million for the company that is entire. It absolutely was the offer that is largest 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 company. (In 2017, Match Group, the organization that has Match.com along with Tinder as well as other services that are dating had $1.3 billion in income.)

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