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.

В— — The Kang siblings, Soo, Dawoon and Arum, stunned every person if they said no to $30 million, walking away from Mark Cuban’s record-setting offer with their app that is dating on “Shark Tank” early in the day in 2010.

“We got therefore numerous e-mails, ‘You sisters are incredibly crazy! What exactly are you thinking?’” Dawoon Kang told “Nightline.” “Seeing all of the commentary and reviews … i need to wonder, being called ‘greedy,’ ‘gold digger,’ would we now have been called those names whenever we are not ladies? 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 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 satisfies Bagel, that has raised $7.8 million in outside money and contains significantly more than doubled its individual base since appearing on “Shark Tank” in January, areas itself as a substitute for the people sick and tired of over-sexualized times the siblings state are on other services that are dating. Alternatively it fixes up individuals up with matches that give attention to quality over amount.

“We like to phone ourselves the anti-Tinder,” Arum stated. “Any woman that has utilized tinder has one or many tales of this types of behavior guys display on Tinder … it is maybe perhaps maybe not the best experience and … it seems creepy.”

Coffee suits Bagel is free and also http://hookupdate.net/afrointroductions-review the application provides one match, or even a “Bagel,” by noon each according to its website day. Users have actually a day to choose either to “Like” or “Pass” to their Bagel, of course two different people “Like” one another, then a software will start a personal chat in order for them to set up a romantic date, 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 individual experiences to match users with pages similar to theirs.

But Coffee Meets Bagels faces competition in a niche that is crowded application market, increasing against apps like Tinder, Hinge, Bumble therefore the League, which are all vying with their little bit of the believed $2 billion online dating sites industry.

But unlike Tinder, where 58 per cent of its users are male in accordance with their data, Coffee Meets Bagels boast a lot of feminine users. The Kang siblings say that is because their users are searching for love, not always intercourse.

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

“Women constitute nearly 50 % of Tinder’s individual base,” Tinder stated in a declaration to ABC News, and “there are scores of ‘swiped right’ stories that demonstrate Tinder is creating significant and connections that are lasting the entire world.”

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

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

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

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

Whether this Bagel will become “the one” or perhaps not, the Kang sisters are certain that Coffee Meets Bagel has what must be done to revolutionize the dating game.

At their property workplace in new york, they will have a wall surface of popularity specialized in several of their very early users whom finished up marrying their matches. In reality, the siblings state these are generally now producing 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 a single day we knew we made the decision that is right” Dawoon Kang said.