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

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

The Kang siblings developed the dating that is successful, Coffee Meets Bagel.

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

? — 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 this season.

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

We would probably be called ‘Bold“If we were men! Visionary! Brave’ for rejecting. Of course we weren’t called that,” Arum Kang added, laughing.

However it might easily turn into a courageous, bold and visionary move because Soo, 35, Dawoon and Arum, both 32, believe their dating software, Coffee Meets Bagel, will probably be worth a great deal 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 user base since appearing on “Shark Tank” in January, areas itself as a substitute for everyone sick and tired of over-sexualized times the siblings state are on other online dating services. Rather it fixes up individuals up with matches that give attention to quality over volume.

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

Coffee matches Bagel is free together with software provides one match, or even a “Bagel,” by noon each according to its website day. Users have actually twenty four hours to choose either to “Like” or “Pass” on the Bagel, and in case a couple “Like” one another, then your application will start an exclusive talk to allow them to set a date up, which only 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 https://datingrating.net/escort/baltimore/ Meets Bagels faces competition in a crowded niche dating software market, rising against apps like Tinder, Hinge, Bumble therefore the League, which are all vying for his or her little bit of the predicted $2 billion online dating sites industry.

But unlike Tinder, where 58 per cent of the users are male based on their data, Coffee Meets Bagels boast a lot of feminine users. The Kang siblings state that is because their users are seeking love, certainly not intercourse.

“Women constitute nearly 1 / 2 of Tinder’s individual base,” Tinder stated in a declaration to ABC Information, and “there are scores of ‘swiped right’ stories that demonstrate Tinder is producing significant and lasting connections around the whole world.”

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

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

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

“We have actually a great deal in typical,” Miller said. “ He has a great character. I like him to date. It’s the start.”

Whether this Bagel will grow to be “the one” or perhaps not, the Kang siblings are confident that Coffee Meets Bagel has what must be done to revolutionize the relationship game.

At their property workplace in new york, they will have a wall of popularity aimed at a number of their users that are early finished up marrying their matches. In reality, the siblings state these are typically now producing about 500 partners per week, with increased than 200 marriages and 20,000 relationships because of matches through their software.

“At the conclusion of a single day we knew we made the decision that is right” Dawoon Kang stated.

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